Why Krispy Kreme Stock (DNUT) Is Falling During Friday's Session

Krispy Kreme Inc DNUT shares are trading lower by 10.19% to $11.94 Friday morning after the company provided financial outlook and its long-term growth strategy on Thursday.

What Else?

In a press release to investors, Krispy Kreme reiterated its full-year 2022 guidance that was provided in conjunction with its second and third quarter 2022 results.

• Net Revenue of $1.49 billion to $1.52 billion versus the consensus estimate of $1.53 billion
• Organic Revenue growth of 10% to 12%
• Adjusted EBITDA of $189 million to $195 million
• Adjusted Diluted EPS of $0.29 to $0.32 versus the consensus estimate of $0.29 
• Global Points of Access of ~11,700
• Capital Expenditures of approximately 7% of revenue
• Net Leverage of approximately 3.6x

Krispy Kreme says the company expects to be near the higher end of its revenue ranges and the lower end of Adjusted EBITDA and Adjusted Diluted EPS ranges.

See Also: Why Agrify Shares Are Falling Over 50% Friday

According to data from Benzinga Pro, DNUT has a 52-week high of $19.55 and a 52-week low of $11.25.