09:02 AM EDT, 05/09/2024 (MT Newswires) -- Krispy Kreme (DNUT) reported fiscal Q1 adjusted earnings Thursday of $0.07 per diluted share, down from $0.09 a year earlier.

Analysts polled by Capital IQ expected $0.06.

Net revenue for the quarter ended March 31 was $442.7 million, up from $419 million a year earlier.

Analysts surveyed by Capital IQ expected $434.1 million.

The company said it continues to expect fiscal 2024 adjusted EPS of $0.27 to $0.31 on net revenue growth of 5% to 7%. Analysts polled by Capital IQ expect adjusted EPS of $0.28.

Shares of the company were up more than 4% in recent Thursday premarket activity.

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