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Small-cap stocks languished in the red Friday, under pressure from the broad market and from poor earnings at names like Krispy Kreme (KKD Quote).
The doughnut purveyor sank 36.8% after its fiscal second-quarter loss widened sixfold year over year to 42 cents a share, or $27 million, on slipping revenue of $104.1 million. That includes $22.1 million in impairment charges and least termination costs vs. $382,000 last year as the company closed underperforming stores and divested its Illinois manufacturing and distribution facility.
Krispy Kreme shares sank $2.33, to $4, to pressure the Russell 2000, which plunged some 2%, to around 776. The S&P SmallCap 600 was down 2% to about 409. ...
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