Shares of Krispy Kreme rose after hours Tuesday following second quarter revenue that surpassed analysts’ expectations. Earnings, however, fell a cent short of estimates.
The donut company’s second quarter revenue rose +42.6% from the year-ago quarter to $349.2 million , compared to analysts’ expectations of $333.4 million.
Earnings came in at 13 cents per share, vs. analysts’ estimates of 14 cents per share.
Revenue in the U.S. and Canada increased $230.9 million compared to $184.3 million in the prior-year quarter. International net revenue grew to $89.2 million from $34.4 million a year ago.
For the full year, the company projects revenue in the range of $1.34 billion to $1.38 billion, while analysts forecast was $1.34 billion.