09:58 AM EST, 11/07/2024 (MT Newswires) -- Krispy Kreme (DNUT) shares were down more than 9% in recent Thursday trading after the company reported a Q3 loss of $0.01 per diluted share, swinging from adjusted earnings of $0.03 a year earlier.

Analysts polled by Capital IQ expected earnings of $0.01.

Net revenue for the quarter ended Sept. 29 was $379.9 million, down from $407.4 million a year earlier.

Analysts surveyed by Capital IQ expected $380.3 million.

The company maintained its 2024 net revenue outlook of $1.65 billion to $1.69 billion. Analysts surveyed by Capital IQ expect $1.69 billion.

Price: 11.28, Change: -1.15, Percent Change: -9.22