Krispy Kreme Stock Tumbles On Q4 Performance Lag, Weak Annual Outlook
1. Krispy Kreme reported worse-than-expected Q4 earnings. Sales dropped 10.4% YoY. 2. U.S. revenue declined 17.2% year-on-year. Insomnia Cookies sale hurt results. 3. A cybersecurity incident cost 280 bps in revenue. Remediation expenses reached about $3M. 4. Operating loss widened to $11.5M. EBITDA fell 28.4% YoY. 5. FY25 outlook trails analyst estimates. Shares dropped 23.4% to $6.98.