Krispy Kreme, Inc.

Case Overview
Status: | Status: Investigating |
Company Name: | Company Name: Krispy Kreme, Inc. |
Ticker: | Ticker: DNUT |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP is investigating potential claims against Krispy Kreme, Inc. (“Krispy Kreme” or the “Company”) (NASDAQ:DNUT). The investigation concerns whether Krispy Kreme and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
On February 25, 2025, Krispy Kreme released its fourth quarter 2024 financial results, revealing “net revenue of $404.0 million, a decline of 10.4%,” and that “sales per door per week decreased…driven by changing customer mix.” On this news, the price of Krispy Kreme shares fell $2.00, or approximately 22%, from $9.13 per share on February 25, 2025, to close at $7.13 on February 26, 2025.
Then, on May 8, 2025, Krispy Kreme released its first quarter 2025 financial results, reporting its “net revenue was $375.2 million…a decline of 15.3%” and a “net loss of $33.4 million, compared to prior year net loss of $6.7 million.” Additionally, the Company announced that it is “reassessing [its] deployment schedule together with McDonald’s” and “withdrawing [its] prior full year outlook and not updating it” due in part to “uncertainty around McDonald’s.” On this news, the price of Krispy Kreme shares fell $1.07, or approximately 25%, from $4.33 per share on May 7, 2025, to close at $3.26 on May 8, 2025.