Krispy Kreme (DNUT) Reports Earnings Tomorrow. What To Expect

Max Juang /
2023/11/08 2:01 am EST

Doughnut chain Krispy Kreme (NASDAQ:DNUT) will be reporting results tomorrow before market hours. Here's what you need to know.

Last quarter Krispy Kreme reported revenues of $408.9 million, up 9% year on year, missing analyst expectations by 0.4%. It was a weak quarter for the company, with a miss of analysts' revenue and EPSĀ estimates.

Is Krispy Kreme buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Krispy Kreme's revenue to grow 9.6% year on year to $413.9 million, in line with the 10.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.06 per share.

Krispy Kreme Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.

Looking at Krispy Kreme's peers in the traditional fast food segment, some of them have already reported Q3 earnings results, giving us a hint what we can expect. McDonald's delivered top-line growth of 14% year on year, beating analyst estimates by 2.2% and Dutch Bros reported revenues up 33.2% year on year, exceeding estimates by 2.4%. McDonald's traded up 2.7% on the results, Dutch Bros was up 1.3%

Read our full analysis of McDonald's's results here and Dutch Bros's results here.

There has been positive sentiment among investors in the traditional fast food segment, with the stocks up on average 3.5% over the last month. Krispy Kreme is up 9.4% during the same time, and is heading into the earnings with with analyst price target of $15.9, compared to share price of $13.6.

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The author has no position in any of the stocks mentioned.