Investing.com - Krispy Kreme reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Krispy Kreme announced earnings per share of $0.03 on revenue of $377.5M. Analysts polled by Investing.com anticipated EPS of $0.05 on revenue of $366.14M.
Krispy Kreme shares are down 25% from the beginning of the year, still down 27.52% from its 52 week high of $19.55 set on December 31, 2021.
Krispy Kreme follows other major Consumer Discretionary sector earnings this month
Krispy Kreme's report follows an earnings beat by Amazon.com on October 27, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on October 19 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1 on revenue of $21.98B.
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