11:10 AM EDT, 03/26/2024 (MT Newswires) -- (Adds share price movement in the first and third paragraphs).

Krispy Kreme (DNUT) was surging during Tuesday trading, climbing to some of its best price levels since last July, after saying it was expanding a partnership with McDonald's (MCD) to bring Krispy Kreme doughnuts to McDonald's restaurants across the US.

The companies said they will implement a phased market rollout, targeting nationwide availability of three of Krispy Kreme's most popular doughnuts at participating restaurants by the end of 2026. No financial terms were disclosed.

Krispy Kreme shares recently were nearly 28% higher, while McDonald's shares were steady.

Price: 15.93, Change: +3.48, Percent Change: +27.98