NEW YORK (TheStreet) -- Krispy Kreme (KKD), which has a track record of disappointing on earnings results, gave investors a sweet surprise when the donut maker posted profits after the close on Wednesday that beat estimates.
Sales were up 5.2%, and earnings were $0.24 per share, up 5% from last year. Revenue, however, missed estimates, coming in at $132.5 million, below Wall Street's predicted $136 million.
Krispy Kreme has plans to expand in 2016, adding 95 new stores. It's an off-putting move for some analysts as the donut market gets tougher. Kispy Kreme has struggled to retain market share from competitors such as Dunkin Donuts (DNKN) and Tim Hortons (THI). Millennials' buying trends are also moving towards healthier, less sugary snacks.
The stock has gained almost 6% in the last year but is still recovering from a substantial drop in late 2014. The company upped its earnings outlook for 2016 to $0.85 per share from $0.80 per share.
"Solid domestic same-store sales growth and improved margin performance at our company shops enabled us to exceed our internal projections," Chief Executive Officer Anthony Thompson told investors.
Box (BOX) also reported its second round of earnings since its IPO, posting a smaller loss than expected of $47.3 million, or 28 cents per share. Revenue came in at $65.6 million, also beating estimates and up around 45% from last year.
The cloud content provider has struggled with losses as it expanded but is predicting around 30% growth for 2015, down from last year. Box saw its paying customer base grow 70% but is still lagging behind cloud competitor Dropbox, which has close to 300 million users.
Box increased its revenue guidance for the coming year to $286 to $290 million, up from the previous range of $281 to $285 million. The company recently completed its acquisition of Subspace to help extend content securely to other devices and also signed a storage deal with the Justice Department.