Krispy Kreme Inc. (DNUT) on Tuesday reported fourth-quarter net income of $1.4 million, after reporting a loss in the same period a year earlier.
The Charlotte, North Carolina-based company said it had net income of 1 cent per share. Earnings, adjusted for one-time gains and costs, were 8 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The doughnut wholesaler and retailer posted revenue of $370.6 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $365.2 million.
For the year, the company reported a loss of $24.5 million, or 18 cents per share. Revenue was reported as $1.38 billion.
Krispy Kreme expects full-year earnings in the range of 38 cents to 41 cents per share, with revenue in the range of $1.53 billion to $1.56 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DNUT at https://www.zacks.com/ap/DNUT
