Krispy Kreme Q4 profit slightly below estimates as revenue beats

Krispy Kreme Inc. posted net income of $4.3 million, or 1 cents a share, for the fourth quarter, after a loss of $24.8 million, or 21 cents a share, in the year-earlier period. Adjusted per-share earnings came to 8 cents, just below the 9 cent FactSet consensus. Revenue rose 13.85 to $370.6 million to beat the $363.0 million FactSet consensus. Chief Executive Mike Tattersfield said the company will “significantly” expand its points of access in 2022 and expand its omni-channel model. It now expects adjusted EPS of 38 cents to 41 cents and revenue of $1.53 billion to $1.56 billion. The FactSet consensus is for EPS of 45 cents and revenue of $1.55 billion. Shares were up 0.4% premarket but have fallen 27% in the year to date, while the S&P 500 has fallen 9%.

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