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17.08.2022 21:05:18

Why Krispy Kreme Stock Tumbled on Wednesday Morning

Shares of Krispy Kreme (NASDAQ: DNUT) were sharply lower Wednesday morning, tumbling as much as 14.9%. As of 2:25 p.m. ET, the stock was still down 11.8%.The catalyst that sent the donut maker lower was the company's financial report, which left investors with empty stomachs.Krispy Kreme generated second-quarter revenue of $375.2 million, up 7.5% year over year, though a strong dollar negatively affected the top line. Excluding the headwinds resulting from foreign currency translation, revenue was up 10%.  Continue reading
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