Law Offices of Howard G. Smith announces an investigation on behalf of Krispy Kreme, Inc. (“Krispy Kreme” or the “Company”) (NASDAQ: DNUT) investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN KRISPY KREME, INC. (DNUT), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On February 25, 2025, Krispy Kreme released its fourth quarter 2024 financial results, revealing “net revenue of $404.0 million, a decline of 10.4%,” and that “sales per door per week decreased . . . driven by changing customer mix.”
On this news, Krispy Kreme’s stock price fell $2.00, or 21.9%, to close at $7.13 per share on February 25, 2025, thereby injuring investors.
Then, on May 8, 2025, Krispy Kreme released its first quarter 2025 financial results, reporting its “net revenue was $375.2 million. . . a decline of 15.3%” and a “net loss of $33.4 million, compared to prior year net loss of $6.7 million.” Additionally, the Company announced that it is “reassessing [its] deployment schedule together with McDonald’s” and “withdrawing [its] prior full year outlook and not updating it” due in part to “uncertainty around McDonald’s.”
On this news, Krispy Kreme’s stock price fell $1.07, or 24.7%, to close at $3.26 per share on May 8, 2025, thereby injuring investors further.
Contact Us To Participate or Learn More:
If you purchased Krispy Kreme securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com,
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250509435629/en/
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
