I reiterate my buy rating for DNUT due to successful execution of the McDonald's partnership, which has significantly expanded its growth trajectory and EBITDA margin. DNUT's 3Q24 results showed revenue of ~$379.9 million, with the Chicago rollout to 400+ McDonald's stores performing in line with expectations and no negative impact on existing shops. DNUT's potential expansion to larger retailers like Target and Costco could significantly boost growth.
Examine the evolution of Krispy Kreme's (DNUT) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.
Start Time: 08:30 January 1, 0000 9:14 AM ET Krispy Kreme, Inc. (NASDAQ:DNUT ) Q3 2024 Earnings Call November 07, 2024, 08:30 AM ET Company Participants Joshua Charlesworth - President and CEO Jeremiah Ashukian - EVP and CFO Dre Eldredge - IR Conference Call Participants Brian Harbour - Morgan Stanley Daniel Guglielmo - Capital One Securities Rahul Krotthapalli - JPMorgan Sara Senatore - Bank of America Bill Chappell - Truist Securities Operator Thank you for standing by. My name is Greg, and I will be your conference operator today.
Although the revenue and EPS for Krispy Kreme (DNUT) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Doughnut maker warns its full-year 2024 profit is expected to fall short of analyst estimates.
Get a deeper insight into the potential performance of Krispy Kreme (DNUT) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Krispy Kreme's Q2 results showed solid financial momentum, but better growth is only ahead with the upcoming McDonalds partnership implementation. A majority stake of Insomnia Cookies was sold at a total implied EV of $350 million, in my opinion ending the strategic alternative process well. Krispy Kreme's stock valuation has gotten more attractive ahead of accelerating growth, but I believe that the valuation still shows a mostly fair margin of safety.
Review Krispy Kreme's (DNUT) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.
Krispy Kreme, Inc. (NASDAQ:DNUT ) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Josh Charlesworth - President & CEO Jeremiah Ashukian - CFO Conference Call Participants Sara Senatore - Bank of America Merrill Lynch Rahul Krotthapalli - JPMorgan Bill Chappell - Truist Securities Dan Guglielmo - Capital One Securities Operator [Abrupt Start] Click Here joining me on the call this morning are President and Chief Executive Officer Josh Charlesworth and Chief Financial Officer Jeremiah Ashukian.
The headline numbers for Krispy Kreme (DNUT) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Krispy Kreme (DNUT) came out with quarterly earnings of $0.05 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.07 per share a year ago.
Krispy Kreme Inc.'s stock DNUT, -4.37% rose 1% premarket Thursday, after the doughnut maker posted mixed earnings with revenue a touch ahead of consensus and guidance somewhat soft. The company had a net loss of $5.5 million, or 3 cents a share, for the quarter, after income of $0.2 million, or breakeven, in the year-earlier period.