US EditionKrispy Kreme Terminates McDonald's Partnership Due to 'Unsustainable Operating Costs' of $28.9 Million
UNITED STATES, AUG 8 – Krispy Kreme's revenue dropped nearly 14% to under $380 million and net loss hit $25 million, influenced by the end of its partnership with McDonald's, investors said.
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Krispy Kreme terminates McDonald's partnership due to 'unsustainable operating costs' of $28.9 million
Krispy Kreme has officially terminated its much-hyped national partnership with McDonald’s, as CEO Josh Charlesworth said it created “unsustainable operating costs” and led to lease impairment and termination costs of $28.9 million. In other words, not enough donuts made enough dough. The fallout from the failed partnership was laid bare in Krispy Kreme’s latest earnings report, a sharp contrast from McDonald’s own resilient financial showing am…
Why Investors Trashed Krispy Kreme Stock Today @themotleyfool #stocks $DNUT
Key PointsInvestors found the company's latest earnings report to be quite the stale donut.It missed significantly on the bottom line, although it exceeded the average analyst estimate for revenue.10 stocks we like better than Krispy Kreme › Few market players were finding the taste of Krispy Kreme (NASDAQ: DNUT) stock appealing on Thursday. They traded out of the donut purveyor assertively, to the point where its shares lost 7% of their value t…
The Charlotte, N.C.-based doughnut chain reported Q2 net revenue declines of 13.5%
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