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DNUT Jan 2025 7.500 call
| Previous close | 7.70 |
| Open | 7.64 |
| Bid | 0.00 |
| Ask | 0.00 |
| Strike | 7.50 |
| Expiry date | 2025-01-17 |
| Day's range | 7.64 - 7.70 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
- Yahoo Finance Video
Earnings, stock buybacks, Alphabet-HubSpot deal talks: Catalysts
Earnings are in focus as multiple companies, such as GoodRx (GDRX) and Roblox (RBLX), reported their latest quarterly results. Data reveals that stock buybacks have reached their highest level since 2018 during this earnings season. Alphabet (GOOG, GOOGL) is reportedly in talks to acquire software developer HubSpot (HUBS). For more expert insight and the latest market action, click here.
- Yahoo Finance Video
Krispy Kreme tops earnings estimates amid weak consumer spending
Krispy Kreme (DNUT) reported its first quarter earnings, topping Wall Street expectations as net revenue grew 5.7% to over $442 million. CEO and President Josh Charlesworth joins Catalysts to discuss the donut chain's growth and future as other fast food chains experience a slump in consumer demand. The company recently announced a partnership with McDonald's (MCD) to expand its reach and bring in potential new customers. Krispy Kreme tested the initiative in 160 stores, and consumer demand exceeded expectations. Charlesworth tells Madison Mills and Brooke DiPalma that the company is confident about its national rollout. Krispy Kreme is also expanding outside the United States. The company is available in 39 countries and recently announced an expansion in Germany. Regarding Krispy Kreme's in-store strategy, Charlesworth explains that the company is not focused on the frequency of customer visits. "People look to Krispy Kreme for a real special moment of joy, maybe to enjoy themselves, but actually usually to share and give to others," he explains, adding, "We don't base our business off of a habitual daily treat. Instead, we want to make it more convenient for people and we want to keep reminding them of the joy that's Krispy Kreme." As consumer spending remains relatively weak due to inflation, Charlesworth says the company is "focused on making sure that the donuts are really top of mind and unique." Krispy Kreme has been pushing new donuts and marketing new promotions to get customers in the door. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
Barrons.comKrispy Kreme Doesn't Expect McDonald's Expansion to Cannibalize Sales
Krispy Kreme expects its partnership with McDonald's to significantly expand points of access to its doughnuts without eating much into its current distribution network's sales. The company is currently pegging incremental gains from the McDonald's launch, set for 2H, at about 85%, CEO Josh Charlesworth says.
