Krispy Kreme shares skyrocket on news McDonald's will sell the doughnuts [Financial Post (Toronto, Ontario, Canada)]
Krispy Kreme, Inc. (DNUT)
Company Research
Source: Financial Post
Krispy Kreme Inc . shares soared the most since July 2021 after McDonald's Corp. agreed to bring the chain's doughnuts to restaurants across the United States. In the burger giant's latest effort to attract diners for breakfast and all-day snacking, Krispy Kreme's sugary pastries will first become available at some McDonald's later this year, the companies said in a statement Tuesday. A nationwide rollout is expected by the end of 2026. Article content Article content Krispy Kreme shares jumped as much 28 per cent in New York trading Tuesday. McDonald's stock was down 0.2 per cent. Adding Krispy Kreme to its menu gives McDonald's “a chance to unlock new business opportunities in the breakfast category and throughout the day,” said Tariq Hassan, the chief marketing officer for McDonald's USA. Article content The chains tested diners' appetite for the treats in 160 McDonald's restaurants in two Kentucky cities, according to the statement, and results “exceeded expectation
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News
- Krispy Kreme, Inc. to Announce First Quarter 2024 Results on May 9, 2024 [Yahoo! Finance]Yahoo! Finance
- Krispy Kreme, Inc. to Announce First Quarter 2024 Results on May 9, 2024Business Wire
- KRISPY KREME® Giving Guests a Sweet Tax Break on Tax Day, April 15Business Wire
- Take a Bite, Take a Break with KRISPY KREME® and KIT KAT®Business Wire
- Krispy Kreme, Inc. (NASDAQ: DNUT) had its price target raised by analysts at Bank of America Co. from $16.00 to $19.00. They now have a "buy" rating on the stock.MarketBeat
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Earnings
- 2/13/24 - In-Line
DNUT
Sec Filings
- 4/24/24 - Form ARS
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form DEF
- DNUT's page on the SEC website