CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Krispy Kreme Inc. (DNUT) on Thursday reported second-quarter earnings of $223,000.
The Charlotte, North Carolina-based company said it had net income of less than 1 cent on a per-share basis. Earnings, adjusted for one-time gains and costs, came to 7 cents per share.
The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 7 cents per share.
The doughnut wholesaler and retailer posted revenue of $408.9 million in the period, which also met Street forecasts.
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.