CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Krispy Kreme Inc. (DNUT) on Thursday reported a loss of $435.3 million in its second quarter.
On a per-share basis, the Charlotte, North Carolina-based company said it had a loss of $2.55. Losses, adjusted for one-time gains and costs, were 15 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The doughnut wholesaler and retailer posted revenue of $379.8 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $376.4 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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