Krispy Kreme stock plunges after doughnut chain pauses McDonald's rollout, pulls outlook
1. Krispy Kreme stock dropped 24% after reassessing McDonald's partnership. 2. Company suspended nationwide rollout due to declining sales and economic softness. 3. Reported a net loss of $33 million for the last quarter. 4. Analysts have downgraded the stock, expressing concerns over management's strategy. 5. Krispy Kreme may cut up to 10% of its U.S. locations due to profitability issues.