Krispy Kreme exceeded Q1 FY24 earnings expectations, reporting 5.7% YoY sales growth to $442.698M.
Krispy Kreme reported better-than-expected Q1 FY24 earnings, with sales growth of 5.7% YoY to $442.698M, driven by global brand activations and digital sales. The company updated its FY 2024 earnings guidance with EPS of 0.270-0.310 and revenue of $1.8B-$1.8B. Bank of America raised their price target to $19, Piper Sandler upgraded to an overweight rating, and JPMorgan Chase set a neutral rating.
May 09, 2024
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