Krispy Kreme whiffed on earnings and the stock is sliding
Doughnut-maker Krispy Kreme shares are dipping Tuesday afternoon after a slight miss on revenue and lower than expected guidance for the year ahead.
While the company reported an adjusted earnings per share of $0.22 versus analysts expectations of $0.21 for the fourth quarter, revenue came in light at $130.4 million against analyst expectations of $131.3 million.
Additionally, the guidance for the year ahead was less than expectations. The company said it expects earnings per share for fiscal year 2017 at around $0.87-$0.91 per share versus expectations of $0.93 per share.
For the full-year 2015, the company said same store sales increased 3.9% for US-stores, but fell by 3.9% in their international stores.
In response to the earnings, the stock is trading down around 3% after-hours.
