Krispy Kreme Inc.
DNUT,
reported an 18% revenue increase in the latest period, helped again by international operations that performed stronger than before the pandemic.
The company’s third-quarter net loss narrowed to about $5.7 million from $14.9 million a year earlier. On a per-share basis, the loss was 4 cents, or a 6 cent adjusted profit.
Net revenue for the quarter ended Oct. 3 rose to $342.8 million from $290.2 million.
Analysts surveyed by FactSet expected an adjusted profit of 6 cents a share and $337.7 million in revenue.
It was first full quarter since Krispy Kreme returned to the public markets in July.
Krispy Kreme affirmed annual and long-term guidance.
Shares gained roughly 5% in after-hours trading following the release of the results.
Write to Maria Armental at maria.armental@wsj.com
This post was originally published on Market Watch
