Krispy Kreme Inc. stock DNUT rose 0.9% in premarket trade Wednesday, after the donut maker beat estimates for the fourth quarter and offered upbeat guidance for 2023. The company had a net loss of $2.7 million, or 2 cents a share, for the quarter to Jan. 1, after income of $1.356 million, or 1 cent a share, in the year-earlier period. Adjusted per-share earnings came to 11 cents, ahead of the 10 cent FactSet consensus. Revenue rose to 404.6 million from $370.
The company had a net loss of $2.7 million, or 2 cents a share, for the quarter to Jan. 1, after income of $1.356 million, or 1 cent a share, in the year-earlier period. Adjusted per-share earnings came to 11 cents, ahead of the 10 cent FactSet consensus. Revenue rose to 404.6 million from $370.6 million a year ago, also ahead of the $395 million FactSet consensus.