Published on 31 May 2024 on Benzinga
Krispy Kreme Inc. DNUT is facing a critical juncture as it seeks to overcome market challenges and position itself as a dominant player in the fast-food industry. Despite its current stock price hovering near a 52-week low, several analysts and investors see significant potential for growth, drawing parallels with the success of companies like Wingstop Inc WING and Chipotle Mexican Grill Inc CMG.
Krispy Kreme's strategic partnership with McDonald’s Corp MCD could be a game-changer. Starting in the second half of 2024, Krispy Kreme will begin rolling out its donuts to McDonald’s locations nationwide.