10:25 AM EDT, 05/08/2025 (MT Newswires) -- Krispy Kreme (DNUT) shares were down 20% in recent Thursday trading after the company reported a Q1 adjusted loss and withdrew its full-year outlook.

The company reported a Q1 adjusted net loss of $0.05 per diluted share, compared to earnings of $0.07 a year earlier.

Analysts polled by FactSet expected an adjusted net loss of $0.05.

Net revenue for the quarter ended March 30 was $375.2 million, down from $442.7 million a year earlier.

Analysts expected $384.4 million.

For Q2, the company said it is expecting net revenue of $370 million to $385 million. Analysts are looking for $393.9 million.

Krispy Kreme withdrew its full-year 2025 outlook, citing macroeconomic softness and the uncertainty around its McDonald's (MCD) deployment schedule.

Price: 3.45, Change: -0.89, Percent Change: -20.44