Krispy Kreme (DNUT) - Get Krispy Kreme Report reported adjusted earnings of 13 cents per share on revenue of $349.2 million, missing the consensus earnings expectation by just a penny.
CEO Michael Tattersfield told Jim Cramer that even with the slight miss, Krispy Kreme had its best second quarter in the company's history with strong results led by the company's global footprint and its transition to an omni-channel model.
Cramer said that he loves the story the company is telling, but sees when glaring problem for the company.
"I love the story, I just can’t eat them [doughnuts]," Cramer told Action Alerts PLUS senior analyst Jeff Marks.
"I think they’re more in the McDonald’s (MCD) - Get McDonald's Corporation (MCD) Report than the Chipotle (CMG) - Get Chipotle Mexican Grill, Inc. Report camp...they are fighting a tide," Cramer said.
Recap TheStreet Live: Everything Jim Cramer Is Watching 8/18/21