Latest news with #KrispyKreme
Associated Press
4 hours ago
- Business
- Associated Press
ROSEN, LEADING TRIAL ATTORNEYS, Encourages Krispy Kreme, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action
New York, New York--(Newsfile Corp. - May 31, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Krispy Kreme, Inc. (NASDAQ: DNUT) between February 25, 2025 and May 7, 2025, both dates inclusive (the 'Class Period'), of the important July 15, 2025 lead plaintiff deadline. SO WHAT: If you purchased Krispy Kreme securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Krispy Kreme class action, go to or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 15, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and misleading statements and/or failed to disclose that: (1) demand for Krispy Kreme products declined materially at McDonald's locations after the initial marketing launch; (2) demand at McDonald's locations was a driver of declining average sales per door per week; (3) the partnership with McDonald's was not profitable; (4) the foregoing posed a substantial risk to maintaining the partnership with McDonald's; (5) as a result, Krispy Kreme would pause expansion into new McDonald's locations; and (6) as a result of the foregoing, defendants' positive statements about Krispy Kreme's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Krispy Kreme class action, go to or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected] To view the source version of this press release, please visit
Miami Herald
3 days ago
- Entertainment
- Miami Herald
Krispy Kreme brings back fan-favorite doughnut — for three days. What to know
A Krispy Kreme fan-favorite has been missing from menus since 2023, and now it's staging a sweet comeback. Strawberry original glazed doughnuts return to the bakery case Friday, May 30, through Sunday, June 1, as the doughnut brand celebrates Pac-Man's 45th birthday, Krispy Kreme said in a news release. A nod to the classic video game character's love of fruit, the treat is an original glazed doughnut with a 'vibrant strawberry glaze,' a product description says. Krispy Kreme fans reached a 'high score' and helped the chain give away more than 45,000 free glazed doughnuts during Hot Light hours this month, unlocking the strawberry glazed doughnut's return, McClatchy News reported. The fruity pastry was introduced in 2020, and this marks only the fourth time that it's been brought back, Krispy Kreme said. Strawberry original glazed doughnuts will be available in-store, in the drive-thru and online at participating Krispy Kreme shops nationwide. Find your nearest Krispy Kreme here.
Yahoo
3 days ago
- Business
- Yahoo
Krispy Kreme (DNUT) Experienced Steep Decline Amid McDonald's Rollout Setbacks and External Pressures
Maple Tree Capital, an investment management company, released its Q1 2025 investor letter. A copy of the letter can be downloaded here. Q1 2025 saw a strong start but turned sour due to tariff concerns and macroeconomic fears, leading to a sharp market pullback, with the Nasdaq falling nearly 22% from its highs and the S&P 500 down 20%. Despite the challenges, the firm made significant progress this quarter by averaging in the top-conviction stocks, utilizing covered calls, and exercising patience. Maple's growth-oriented fund, Jonagold, has become a standout performer, greatly surpassing all major benchmarks since its launch in 2023. While Heartwood is still facing difficulties. Maple Tree Capital's Jonagold returned -13.64% in Q1 compared to the Nasdaq's -10.26% return and the Russel 2000's -9.48% return. Maple Tree Capital's Heartwood returned -18.04% in Q1 vs. the S&P 500's -4.27% and the Dow Jones' -0.87% return. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Maple Tree Capital highlighted stocks such as Krispy Kreme, Inc. (NASDAQ:DNUT). Krispy Kreme, Inc. (NASDAQ:DNUT) is a doughnut company based in Charlotte, North Carolina. The one-month return of Krispy Kreme, Inc. (NASDAQ:DNUT) was -29.02%, and its shares lost 71.25% of their value over the last 52 weeks. On May 28, 2025, Krispy Kreme, Inc. (NASDAQ:DNUT) stock closed at $2.91 per share with a market capitalization of $497.028 million. Maple Tree Capital stated the following regarding Krispy Kreme, Inc. (NASDAQ:DNUT) in its Q1 2025 investor letter: "We have undoubtedly been wrong on Krispy Kreme, Inc. (NASDAQ:DNUT). Since we started our position in March, the stock has gone down, vertically. And, on top of that, we initiated this in size. A pure double whammy to the downside, and the most significant negative impact on our performance. While the McDonald's rollout has been slower than expected, Krispy Kreme still has that deal in place, with a very strong national brand. The stock is caught up in recession fears, high debt and ozempic fears adding fuel to the fire. Short sellers have gotten particularly interested in this stock, and a cyber-attack that occurred in Q4 caused Krispy Kreme to miss its sales and profitability estimates, further sinking shares. We think that while these headwinds are real, the stock has been punished far too much. This is a kitchen sink. An employee of the grocery store happily decorating doughnuts with colorful icing. Krispy Kreme, Inc. (NASDAQ:DNUT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 18 hedge fund portfolios held Krispy Kreme, Inc. (NASDAQ:DNUT) at the end of the first quarter, which was 14 in the previous quarter. In the first quarter of 2025, Krispy Kreme, Inc. (NASDAQ:DNUT) reported net revenue of $375.2 million, which aligns with the guidance provided last quarter. While we acknowledge the potential of Krispy Kreme, Inc. (NASDAQ:DNUT) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Krispy Kreme, Inc. (NASDAQ:DNUT) and shared Jim Cramer's successful stock predictions. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Krispy Kreme (DNUT) Experienced Steep Decline Amid McDonald's Rollout Setbacks and External Pressures
Maple Tree Capital, an investment management company, released its Q1 2025 investor letter. A copy of the letter can be downloaded here. Q1 2025 saw a strong start but turned sour due to tariff concerns and macroeconomic fears, leading to a sharp market pullback, with the Nasdaq falling nearly 22% from its highs and the S&P 500 down 20%. Despite the challenges, the firm made significant progress this quarter by averaging in the top-conviction stocks, utilizing covered calls, and exercising patience. Maple's growth-oriented fund, Jonagold, has become a standout performer, greatly surpassing all major benchmarks since its launch in 2023. While Heartwood is still facing difficulties. Maple Tree Capital's Jonagold returned -13.64% in Q1 compared to the Nasdaq's -10.26% return and the Russel 2000's -9.48% return. Maple Tree Capital's Heartwood returned -18.04% in Q1 vs. the S&P 500's -4.27% and the Dow Jones' -0.87% return. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Maple Tree Capital highlighted stocks such as Krispy Kreme, Inc. (NASDAQ:DNUT). Krispy Kreme, Inc. (NASDAQ:DNUT) is a doughnut company based in Charlotte, North Carolina. The one-month return of Krispy Kreme, Inc. (NASDAQ:DNUT) was -29.02%, and its shares lost 71.25% of their value over the last 52 weeks. On May 28, 2025, Krispy Kreme, Inc. (NASDAQ:DNUT) stock closed at $2.91 per share with a market capitalization of $497.028 million. Maple Tree Capital stated the following regarding Krispy Kreme, Inc. (NASDAQ:DNUT) in its Q1 2025 investor letter: "We have undoubtedly been wrong on Krispy Kreme, Inc. (NASDAQ:DNUT). Since we started our position in March, the stock has gone down, vertically. And, on top of that, we initiated this in size. A pure double whammy to the downside, and the most significant negative impact on our performance. While the McDonald's rollout has been slower than expected, Krispy Kreme still has that deal in place, with a very strong national brand. The stock is caught up in recession fears, high debt and ozempic fears adding fuel to the fire. Short sellers have gotten particularly interested in this stock, and a cyber-attack that occurred in Q4 caused Krispy Kreme to miss its sales and profitability estimates, further sinking shares. We think that while these headwinds are real, the stock has been punished far too much. This is a kitchen sink. An employee of the grocery store happily decorating doughnuts with colorful icing. Krispy Kreme, Inc. (NASDAQ:DNUT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 18 hedge fund portfolios held Krispy Kreme, Inc. (NASDAQ:DNUT) at the end of the first quarter, which was 14 in the previous quarter. In the first quarter of 2025, Krispy Kreme, Inc. (NASDAQ:DNUT) reported net revenue of $375.2 million, which aligns with the guidance provided last quarter. While we acknowledge the potential of Krispy Kreme, Inc. (NASDAQ:DNUT) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Krispy Kreme, Inc. (NASDAQ:DNUT) and shared Jim Cramer's successful stock predictions. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
4 days ago
- Business
- Business Wire
Kirby McInerney LLP Reminds Krispy Kreme, Inc. (DNUT) Investors of Class Action Filing and Encourages Investors to Contact the Firm
NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP reminds investors who purchased Krispy Kreme, Inc. ('Krispy Kreme' or the 'Company') (NASDAQ:DNUT) securities to contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@ or fill out the contact form below, to discuss your rights or interests with respect to the securities fraud class action lawsuit against the Company. The lawsuit was filed on behalf of investors who acquired Krispy Kreme securities from February 25, 2025, through May 7, 2025 ('the Class Period'). Investors have until July 15, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit. On October 26, 2022, Krispy Kreme commenced a small-scale test to offer donuts at McDonald's Corporation ('McDonald's') restaurants in Louisville, Kentucky and the surrounding area. On March 26, 2024, Krispy Kreme and McDonald's announced they would expand their partnership nationwide beginning in the second half of 2024. On May 8, 2025, before the market opened, Krispy Kreme released its first quarter 2025 financial results, reporting its 'net revenue was $375.2 million…a decline of 15.3%' and a 'net loss of $33.4 million, compared to prior year net loss of $6.7 million.' Additionally, the Company announced that it is 'reassessing [its] deployment schedule together with McDonald's' and 'withdrawing [its] prior full year outlook and not updating it' due in part to 'uncertainty around the McDonald's deployment schedule.' On this news, the price of Krispy Kreme shares declined by $1.07 per share, or approximately 24%, from $4.33 per share on May 7, 2025, to close at $3.26 on May 8, 2025. The complaint alleges that defendants, throughout the Class Period, failed to disclose that: (1) that demand for Krispy Kreme products declined materially at McDonald's locations after the initial marketing launch; (2) that demand at McDonald's locations was a driver of declining average sales per door per week; (3) that the partnership with McDonald's was not profitable; (4) that the foregoing posed a substantial risk to maintaining the partnership with McDonald's; and (5) that, as a result, the Company would pause expansion into new McDonald's locations. Kirby McInerney LLP is a New York-based plaintiffs' law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP's website. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
