Krispy Kreme stock plunges after 2Q earnings disappoint

Krispy Kreme stock plunges after 2Q earnings disappoint

Same-store sales, revenue grow; franchisees building more locations

Rising same-store sales couldn’t help Krispy Kreme Doughnuts Inc., at least in the eyes of investors, as the company’s stock plunged Thursday following a disappointing second-quarter earnings report late Wednesday.

Krispy Kreme’s stock plunged more than 13 percent in morning trading Thursday, after the company lowered its earnings outlook for the year to 76 cents to 80 cents per share, a decrease from 80 cents to 85 cents.

The lowered outlook came despite strong same-s

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