CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Krispy Kreme Inc. (DNUT) on Thursday reported a loss of $301,000 in its first quarter.
The Charlotte, North Carolina-based company said it had a loss of less than 1 cent on a per-share basis. Earnings, adjusted for one-time gains and costs, were 9 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The doughnut wholesaler and retailer posted revenue of $419 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $404.1 million.
Krispy Kreme expects full-year earnings in the range of 31 cents to 34 cents per share, with revenue in the range of $1.65 billion to $1.68 billion.
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