CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Krispy Kreme Inc. (DNUT) on Thursday reported a loss of $5.5 million in its second quarter.
The Charlotte, North Carolina-based company said it had a loss of 3 cents per share. Earnings, adjusted for amortization costs and stock option expense, were 5 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 5 cents per share.
The doughnut wholesaler and retailer posted revenue of $438.8 million in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $436 million.
Krispy Kreme expects full-year earnings in the range of 24 cents to 28 cents per share, with revenue in the range of $1.65 billion to $1.69 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DNUT at https://www.zacks.com/ap/DNUT
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