Krispy Kreme, Inc. (NASDAQ: DNUT)

This lawsuit is for anyone who acquired securities in Krispy Kreme, Inc. (NASDAQ: DNUT) from February 25, 2025 through May 7, 2025.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by failing to timely disclose to investors that Company’s partnership with McDonald’s was not profitable.

On February 25, 2025, Krispy Kreme released its fourth quarter 2024 financial results, revealing “net revenue of $404.0 million, a decline of 10.4%,” and that “sales per door per week decreased . . . driven by changing customer mix.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on May 8, 2025, Krispy Kreme released its first quarter 2025 financial results, reporting its “net revenue was $375.2 million. . . a decline of 15.3%” and a “net loss of $33.4 million, compared to prior year net loss of $6.7 million.” Additionally, the Company announced that it is “reassessing [its] deployment schedule together with McDonald’s” and “withdrawing [its] prior full year outlook and not updating it” due in part to “uncertainty around McDonald’s.” On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Krispy Kreme, Inc. (NASDAQ: DNUT) from February 25, 2025 through May 7, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.