Why Krispy Kreme Stock (DNUT) Is Falling During Friday's Session - Krispy Kreme (NASDAQ:DNUT)

Krispy Kreme Inc (NASDAQ:DNUT) shares are trading lower by 10.19% to $11.94 Friday morning after the company provided financial outlook and its long-term growth strategy on Thursday.

What Else?

In a press release to investors, Krispy Kreme reiterated its full-year 2022 guidance that was provided in conjunction with its second and third quarter 2022 results.

Net Revenue of $1.49 billion to $1.52 billion versus the consensus estimate of $1.53 billion
Organic Revenue growth of 10% to 12%
Adjusted EBITDA of $189 million to $195 million
Adjusted Diluted EPS of $0.29 to $0.32 versus the consensus estimate of $0.29
Global Points of Access of ~11,700
Capital Expenditures of approximately 7% of revenue
Net Leverage of approximately 3.6x

Krispy Kreme says the company expects to be near the higher end of its revenue ranges and the lower end of Adjusted EBITDA and Adjusted Diluted EPS ranges.

According to data from Benzinga Pro, DNUT has a 52-week high of $19.55 and a 52-week low of $11.25.

DNUTKrispy Kreme Inc

$4.28-0.70%

Overview

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