( KKD ) on Wednesday reported an increase in profit for the second quarter, as revenues increased reflecting strong same-store sales. During the trading, the value of each share was $15.5, dropping -12.58%. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by $0.04, AnalystRatingsNetwork.com reports. The company has a market cap of $1,001 million and the number of outstanding shares have been calculated to be 63,985,000 shares. (NYSE:KKD) stands at $25.5 according to 2 Analysts.
Advertisement
Making matters worse, CFO George Price Cooper said during the company’s conference call with analysts that the return rates from Krispy Kreme’s wholesale partners was higher than normal. The 1-year stock price history is in the range of $14.62 – $22.32. “If our experience with the brand in the Dominican Republic is any indication, the Peruvian people will quickly embrace Krispy Kreme’s® signature sweet treats, including our famous Original Glazed® doughnut, coffee and assorted beverages”.
KKD closed Wednesday’s trading at $17.73, down $0.14 or 0.78%, on the NYSE.
The stock set fresh 52-week lows on the news, and now trades at the lowest price-to-free-cash-flow ratios seen in two years. This year, the DJSI World – one of the most highly regarded sustainability indices – includes 317 global companies identified as leaders in the areas of sustainable economic, environmental and social performance. Janney Montgomery Scott reiterated a “buy” rating on shares of Krispy Kreme Doughnuts in a research report on Friday, June 12th. The company’s revenue for the quarter was up 9.0% compared to the same quarter a year ago.
Krispy Kreme Doughnuts, Inc.is up 0.52% in the last 3-month period. Lee Barrett of the Lexington County Sheriff’s Department Community Action Team, who was at the Knox-Abbott Drive Krispy Kreme early Thursday morning.
The analysts are confident that the doughnut company will perform well in the future.
However, shares have recovered from the lows from earlier in the session. The stock was sold at an average price of $19.98, for a total transaction of $199,800.00.
Advertisement
On valuation measures, Krispy Kreme Doughnuts, Inc. shares are now priced at 38.93x this year’s forecasted earnings, compared to the industry’s 18.69x earnings multiple. The Company operates in four segments: Company Stores, domestic franchise stores, worldwide franchise stores, and the KK Supply Chain.
