US Chain Krispy Kreme Donut's First Store In France

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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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