Krispy Kreme (NASDAQ:DNUT) Releases FY 2024 Earnings Guidance

Krispy Kreme (NASDAQ:DNUT) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.180-0.220 for the period, compared to the consensus EPS estimate of 0.250. The company issued revenue guidance of $1.7 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion.

Krispy Kreme Price Performance

Shares of NASDAQ:DNUT opened at $12.42 on Thursday. The company has a market cap of $2.11 billion, a PE ratio of -41.40, a P/E/G ratio of 2.91 and a beta of 1.39. Krispy Kreme has a fifty-two week low of $9.18 and a fifty-two week high of $17.84. The firm has a 50-day simple moving average of $11.40 and a 200 day simple moving average of $11.26. The company has a quick ratio of 0.26, a current ratio of 0.34 and a debt-to-equity ratio of 0.73.

Krispy Kreme (NASDAQ:DNUT) last posted its earnings results on Thursday, August 8th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $438.80 million during the quarter, compared to analyst estimates of $435.43 million. Krispy Kreme had a positive return on equity of 1.12% and a negative net margin of 2.98%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.04 earnings per share. On average, sell-side analysts anticipate that Krispy Kreme will post 0.13 EPS for the current year.

Krispy Kreme Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were paid a dividend of $0.035 per share. The ex-dividend date was Wednesday, October 23rd. This represents a $0.14 dividend on an annualized basis and a yield of 1.13%. Krispy Kreme’s payout ratio is currently -46.67%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DNUT. HSBC raised shares of Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Tuesday, July 23rd. Bank of America upped their target price on shares of Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Morgan Stanley started coverage on Krispy Kreme in a report on Tuesday. They set an “equal weight” rating and a $14.00 price target on the stock. Evercore ISI reiterated an “in-line” rating and set a $13.00 price objective on shares of Krispy Kreme in a research report on Tuesday, August 27th. Finally, Hsbc Global Res upgraded Krispy Kreme from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 23rd. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.67.

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.