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Analyst Ponders Change in Ownership for 'Underperforming' Krispy Kreme

JPMorgan analyst Rahul Krotthapalli downgraded Krispy Kreme shares due to ongoing financial and management challenges, highlighting high execution risks in the company’s turnaround strategy.

"Shares have vastly underperformed since the July 2021 initial public offering at $17," JPMorgan Chase & Co. analyst Rahul Krotthapalli wrote. "Recent profitability hit was notable from major costs associated with launch of (now canceled rollout) delivered-fresh-daily coverage to support…

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Winston-Salem Journal broke the news in on Sunday, September 7, 2025.
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