CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Krispy Kreme Inc. (DNUT) on Thursday reported a loss of $33.3 million in its first quarter.
On a per-share basis, the Charlotte, North Carolina-based company said it had a loss of 20 cents. Losses, adjusted for amortization costs and non-recurring costs, came to 5 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The doughnut wholesaler and retailer posted revenue of $375.2 million in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $381.2 million.
For the current quarter ending in June, Krispy Kreme said it expects revenue in the range of $370 million to $385 million.
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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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