Krispy Kreme (NASDAQ:DNUT) Issues FY25 Earnings Guidance

Krispy Kreme (NASDAQ:DNUT) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.04-0.08 for the period, compared to the consensus earnings per share estimate of $0.30. The company issued revenue guidance of $1.55-1.65 billion, compared to the consensus revenue estimate of $1.76 billion. Krispy Kreme also updated its FY 2025 guidance to 0.040-0.080 EPS.

Krispy Kreme Trading Up 5.9 %

NASDAQ:DNUT traded up $0.36 during trading hours on Thursday, hitting $6.33. The stock had a trading volume of 5,717,143 shares, compared to its average volume of 2,580,554. The business’s 50 day moving average is $9.04 and its 200-day moving average is $10.37. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 37.44, a P/E/G ratio of 3.24 and a beta of 1.34. Krispy Kreme has a one year low of $5.88 and a one year high of $17.84. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.28 and a current ratio of 0.35.

Krispy Kreme (NASDAQ:DNUT) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). The company had revenue of $404.00 million during the quarter, compared to the consensus estimate of $413.18 million. Krispy Kreme had a net margin of 1.64% and a return on equity of 0.53%. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. Sell-side analysts anticipate that Krispy Kreme will post 0.07 EPS for the current fiscal year.

Krispy Kreme Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $0.035 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.21%. Krispy Kreme’s dividend payout ratio (DPR) is currently 82.35%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DNUT shares. Piper Sandler decreased their price target on Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. lowered their price target on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th. Morgan Stanley cut Krispy Kreme from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $12.00 to $6.00 in a research report on Wednesday. Finally, Truist Financial reissued a “buy” rating and set a $12.00 target price (down previously from $15.00) on shares of Krispy Kreme in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $13.13.

About Krispy Kreme

Krispy Kreme, Inc, together with its subsidiaries, produces doughnuts in the United States, the United Kingdom, Ireland, Australia, New Zealand, Mexico, Canada, Japan, and internationally. The company operates through three segments: U.S., International, and Market Development. The company offers doughnut experiences through hot light theater and fresh shops, delivered fresh daily branded cabinets and merchandising units within grocery and convenience stores, quick service restaurants, club memberships, drug stores, and ecommerce, as well as through its branded sweet treat line comprising Krispy Kreme branded sweet treats.