Donut chain Krispy Kreme, Inc. (DNUT) reported Thursday that its first-quarter net loss attributable to the company was $8.5 million, wider than last year's loss of $0.3 million.
Loss per share was $0.05, compared to $0.00 a year ago.
Adjusted earnings per share were $0.07, compared to prior year's $0.09.
Net revenue grew 5.7 percent to $442.7 million from $419.0 million last year. Organic revenue grew 6.7 percent to $440.9 million.
Analysts on average expected the company to report earnings of $0.06 per share on revenues of $434.1 million, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Looking forward to fiscal 2024, the company continues to expect adjusted earnings per share between $0.27 and $0.31, net revenue growth of 5 percent and 7 percent and organic revenue growth of 6 percent to 8 percent.
The Street view for earnings is $0.28 per share for the year.
In pre-market activity on the Nasdaq, Krispy Kreme shares were gaining around 2.3 percent to trade at $13.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News