Krispy Kreme’s (DNUT) Turnaround Math Still Has A Revenue Problem
On August 6, Krispy Kreme (NASDAQ:DNUT) reported second-quarter results that read like two different companies wearing the same ticker. Net revenue fell 12.8% to $331.0 million, and the company posted its fourth straight quarterly loss. Yet Adjusted EBITDA jumped 43.2% to $28.8 million, and leverage is finally coming down. For a stock built around a […]
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