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published in Blogs
Aug 18, 2021
Krispy Kreme (DNUT, $14.04) beats revenue estimates, misses earnings forecast by a cent

Krispy Kreme (DNUT, $14.04) beats revenue estimates, misses earnings forecast by a cent

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.

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