Krispy Kreme Doughnuts (NYS: KKD) reported earnings on Aug. 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 29 (Q2), Krispy Kreme Doughnuts missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped significantly.
Gross margins expanded, operating margins grew, net margins dropped.
Krispy Kreme Doughnuts booked revenue of $102.1 million. The six analysts polled by S&P Capital IQ hoped for sales of $104.5 million on the same basis. GAAP reported sales were 4.3% higher than the prior-year quarter's $98.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.07. The five earnings estimates compiled by S&P Capital IQ averaged $0.05 per share. GAAP EPS of $0.07 for Q2 were 42% lower than the prior-year quarter's $0.12 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 16.1%, 360 basis points better than the prior-year quarter. Operating margin was 9.1%, 380 basis points better than the prior-year quarter. Net margin was 4.8%, 420 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $106.4 million. On the bottom line, the average EPS estimate is $0.05.
Next year's average estimate for revenue is $434.4 million. The average EPS estimate is $0.24.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 431 members out of 804 rating the stock outperform, and 373 members rating it underperform. Among 210 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 99 give Krispy Kreme Doughnuts a green thumbs-up, and 111 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Krispy Kreme Doughnuts is outperform, with an average price target of $9.56.
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The article Krispy Kreme Doughnuts Beats Expectations But Takes A Step Back Anyway originally appeared on Fool.com.
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