The consensus estimate calls for the company to report earnings of 16 cents a share on revenue of $118.13 million. In the first quarter, the Winston Salem, NC-based company reported earnings of 23 cents a share, which was in line with analysts' estimates. But revenue totaled $121.58 million, less than the consensus estimate of $126.68 million.
In the second quarter 2013, Krispy Kreme reported EPS of 14 cents on revenue of $112.73 million, compared to analysts' expectations of 16 cents a share on revenue of $111.48 million.
The stock was down 1.3% to $17.44 at 1:05 p.m.
Separately, TheStreet Ratings team rates KRISPY KREME DOUGHNUTS INC as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate KRISPY KREME DOUGHNUTS INC (KKD) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."