NEW YORK (TheStreet) -- Shares of Krispy Kreme Doughnuts (KKD) are lower by 1.84% to $13.90 in after-hours trading on Tuesday, after the quick service restaurant operator posted financial results for the fiscal 2016 third quarter.

Krispy Kreme Doughnuts reported earnings that were in line with analysts' expectations and revenue that fell short of estimates.

The company announced that its adjusted earnings came in at 19 cents per share on revenue of $128.5 million for the most recent quarter.

Krispy Kreme Doughnuts had been forecast by analysts surveyed by Thomson Reuters to post earnings of 19 cents per share on revenue of $133.46 million for the three month period ended on November 1.

"Third quarter results were in line with our expectations. Continued strong system wide domestic same store sales reflected our effective use of promotional incentives such as 'special event' days and premium-priced limited time offers which drove both sales and traffic," company CEO Tony Thomson said.

Krispy Kreme Doughnuts is a Winston-Salem, NC-based quick service restaurant chain as well as a retailer and wholesaler of doughnuts, complementary beverages and treats and packaged sweets.

Separately, TheStreet Ratings team rates KRISPY KREME DOUGHNUTS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

We rate KRISPY KREME DOUGHNUTS INC (KKD) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. 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 and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins.

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

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Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.