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US Chain Krispy Kreme Donut's First Store In France
(Ameer Alhalbi/Getty Images)

Krispy Kreme tanks after it couldn’t sugarcoat an earnings miss

Krispy Kreme had a bad 2024, and it expects 2025 to be worse.

J. Edward Moreno
2/25/25 11:24AM

Doughnut giant Krispy Kreme fell more than 20% on Tuesday morning after it reported quarterly earnings that missed Wall Street expectations and gave a gloomy guidance for 2025.

The company reported an adjusted earnings per share of $0.01, compared to the $0.10 analysts polled by FactSet were expecting. Krispy Kreme has seen its profits dwindle since it went public in 2021.

Krispy Kreme’s revenue for the quarter fell to $404 million, compared to $450.9 million in the same period last year and the $414 million analysts were expecting. The company also said that a previously disclosed cybersecurity incident during the quarter ate into its revenues to the tune of $11 million, plus the $3 million it spent to fix the issue.

Krispy Kreme’s 2024 profits were less than half of what it made last year, and it doesn’t expect 2025 to be much better. For the full year 2025, Krispy Kreme said it expects adjusted earnings per share of $0.04 to $0.08, compared to the $0.30 analysts were expecting.

It also said it doesn’t expect revenue to increase from 2024.

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Shares of Robinhood Markets, AppLovin, and Emcor are all rallying in post-market trading on Friday upon news that they’re being added to the S&P 500.

Shares of the brokerage popped 7.2%, the adtech company rose 7.8%, and the construction company was up a more modest 2.7% in the minutes following the announcement.

(Robinhood Markets, Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions.)

Strategy, another stock rumored to be in the running for inclusion in the benchmark US stock index that has been passed over, sank 2.5% in postmarket trading.

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Kenvue plunges after reports suggest RFK Jr. may try to link prenatal Tylenol use to autism

Kenvue sank 15% Friday after a WSJ report said Health and Human Services Secretary Robert F. Kennedy Jr. may attempt to link prenatal Tylenol use to autism in an upcoming government report.

Kenvue, the maker of Tylenol and formerly a division of Johnson & Johnson prior to a 2023 spin-out, pushed back, saying the science shows “no causal link” between acetaminophen use during pregnancy and autism, and pointed to FDA and medical groups that agree on the drug’s safety.

The FDA itself has found no “clear evidence” of harm but advises pregnant women to consult providers before taking OTC meds.

The report is also expected to float a folate-derived therapy as a potential treatment.

Tylenol is just the latest well-established medication to face scrutiny under Kennedy, who has already stirred controversy by reshaping vaccine policy and amplifying doubts about mRNA shots.

Kenvue shares are now down over 18% year-to-date.

RFK Jr., HHS to Link Autism to Tylenol Use in Pregnancy and Folate Deficiencies

RFK Jr.

The FDA itself has found no “clear evidence” of harm but advises pregnant women to consult providers before taking OTC meds.

The report is also expected to float a folate-derived therapy as a potential treatment.

Tylenol is just the latest well-established medication to face scrutiny under Kennedy, who has already stirred controversy by reshaping vaccine policy and amplifying doubts about mRNA shots.

Kenvue shares are now down over 18% year-to-date.

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Lucid surges following 6 days of losses after headlines misidentify Cantor Fitzgerald’s lower split-adjusted price target as a good thing

It’s been a shortened week, but still a rough one for Lucid. Investor blowback to the luxury EV maker’s 1-for-10 reverse stock split has sent shares to all time lows this week.

After six straight days of closing lower, Wall Street appears to have decided enough is enough and is loading up on Lucid shares on Friday, sending them up 13% in recent trading. As of 2:10pm eastern, Lucid trading volumes were at more than 240% of their 30 day average.

Some of the move could be attributed to traders reading headlines that don’t take into consideration Lucid’s reverse split. Cantor Fitzgerald on Friday slapped a new price target on Lucid of $20, compared to its previous target of $3. Some news outlets (not us!) presented that as an increase. The problem: With the 1-for-10 reverse split in effect, a comparable price target would have been $30. The new $20 target is actually... a cut.

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