Krispy Kreme is expected to report sweet second-quarter results before the market opens on Thursday.
The iconic donut producer is expected to post revenue of $410.83 million and earnings of $0.07 per share. That compares to $375.25 million and a loss of $0.02 per share in the second quarter of 2022.
Over the past two years, the company has beaten EPS estimates 38% of the time and revenue estimates 88% of the time, according to Seeking Alpha.
Krispy Kreme also has an Analyst Rating Rank of 20 from InvestorsObserver, which indicates it is rated higher by analysts than 20% of stocks. The stock’s average price target is $16.90 with a rating of 'Buy.'
Shares of Krispy Kreme traded 0.1% higher Wednesday afternoon at $14.40.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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