Why Krispy Kreme Doughnuts (KKD) Stock Is Plummeting In After-Hours Trading Today

NEW YORK (TheStreet) -- Shares of Krispy Kreme Doughnuts (KKD) are lower by 6.30% to $16.50 in after-hours trading on Tuesday, as the company reported its fiscal 2015 second quarter earnings per share results, which came in below the consensus estimate.

The doughnut and coffee retailer and wholesaler said adjusted net income was $9 million, or 13 cents per share, compared to $9.6 million, or 14 cents per share for the fiscal 2014 second quarter.

Adjusted earnings fell short of the 16 cents analysts were expecting.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet's Gregg Greenberg has more on Krispy Kreme's latest quarterly results:


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The company reported net income of $5.8 million, or 8 cents per share for the most recent quarter, compared to $4.7 million, or 7 cents per share for the year ago second quarter.

Krispy Kreme said revenue for the latest quarter increased 6.9% to $120.5 million, exceeding analysts' expectations of $118.13 million.

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."

You can view the full analysis from the report here: KKD Ratings Report

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