Published on 27 Mar 2024 on Zacks via Yahoo Finance

Krispy Kreme (DNUT) Soars 39.4%: Is Further Upside Left in the Stock?

Krispy Kreme (DNUT) shares ended the last trading session 39.4% higher at $17.35. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.1% loss over the past four weeks.

Shares of Krispy Kreme surged following the announcement of its expanded national partnership with McDonald’s. Customers will soon have the pleasure of enjoying Krispy Kreme doughnuts at their local McDonald’s outlets, with a phased rollout across markets nationwide scheduled for later this year. The countrywide availability of Krispy Kreme doughnuts in participating restaurants is anticipated by the end of 2026.

This doughnut wholesaler and retailer is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of -11.1%. Revenues are expected to be $436.46 million, up 4.2% from the year-ago quarter.