The company said it saw solid fiscal third quarter sales and added demand would continue to rise into the holiday quarter.
Shares of the Charlotte, N.C., company closed 4.21% lower at $12.98 a share on Tuesday. Krispy Kreme stock jumped in after hours by 5.55% to $13.70.
Adjusted earnings for the quarter dropped to 6 cents a share from 8 cents in the year ago period but were in line with Wall Street estimates.
“Our third quarter results demonstrate the benefits of our omni-channel and global expansion strategy," said Chief Executive Mike Tattersfield in a statement.
For the three months ended Oct.3, Krispy Kreme more than halved its losses to $5.6 million, or 4 cents a share from a loss $14.8 million, or 12 cents a share in the year-earlier quarter.
Revenue rose 18 % to $342.8 million from $290.2 million in the year-ago quarter.
Analysts surveyed by FactSet estimated Krispy Kreme to clock earnings of 6 cents a share on revenue of $337.66 million.
GAAP revenue from international markets rose 37.4% to $87.3 million from $63.5 million in the same period a year ago.
While GAAP revenue from the U.S. and Canada grew 11.5% to $225.8 million from $202.6 million in the previous year.
For the full fiscal year 2021, Krispy Kreme expects adjusted net income to grow between $62 million to $68 million on revenue growth between $1.34 billion and $1.38 billion.