Krispy Kreme: Fourth Quarter Financial Overview

Krispy Kreme Reports Fourth Quarter Financial Results

Krispy Kreme Inc., headquartered in Charlotte, North Carolina, announced on Thursday that it recorded a net loss of $27.8 million for the fourth quarter.

This loss translates to 17 cents per share. After adjusting for one-time expenses and amortization, the company’s earnings were 9 cents per share.

These adjusted earnings surpassed analysts’ expectations. According to Zacks Investment Research, the consensus estimate from three analysts was earnings of 3 cents per share.

The company, known for its doughnuts, reported quarterly revenue of $392.4 million, exceeding the $387.5 million forecasted by analysts surveyed by Zacks.

For the full year, Krispy Kreme reported a total loss of $515.8 million, or $3.02 per share, with annual revenue reaching $1.52 billion.