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 (EPS) guidance of $0.04-0.08 for the period, compared to the consensus 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.

Analysts Set New Price Targets

DNUT has been the topic of several recent analyst reports. Morgan Stanley lowered Krispy Kreme from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $12.00 to $6.00 in a research note on Wednesday. Truist Financial restated a “buy” rating and issued a $12.00 target price (down previously from $15.00) on shares of Krispy Kreme in a research note on Wednesday. Piper Sandler dropped their target price on shares of Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. reduced their price target on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.13.

Krispy Kreme Price Performance

Shares of DNUT traded up $0.36 during mid-day trading on Thursday, hitting $6.33. 5,717,143 shares of the company traded hands, compared to its average volume of 2,580,554. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.67. The business has a 50-day moving average of $9.04 and a 200 day moving average of $10.37. Krispy Kreme has a one year low of $5.88 and a one year high of $17.84. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 3.24 and a beta of 1.34.

Krispy Kreme (NASDAQ:DNUT) last released its 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 firm had revenue of $404.00 million for the quarter, compared to the consensus estimate of $413.18 million. Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. The company’s revenue was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 EPS. As a group, equities analysts expect that Krispy Kreme will post 0.07 earnings per share for the current fiscal year.

Krispy Kreme Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a $0.035 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $0.14 annualized dividend and a yield of 2.21%. Krispy Kreme’s dividend payout ratio is currently 82.35%.

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.