CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Krispy Kreme Inc. (DNUT) on Thursday reported a loss of $27.8 million in its fourth quarter.
The Charlotte, North Carolina-based company said it had a loss of 17 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, were 9 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The doughnut wholesaler and retailer posted revenue of $392.4 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $387.5 million.
For the year, the company reported a loss of $515.8 million, or $3.02 per share. Revenue was reported as $1.52 billion.
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