Krispy Kreme Doughnuts Shares Plunge After Q4 Sales Fall Short

Shares of Krispy Kreme Doughnuts (KKD) may trade in the red on Thursday following its weaker than expected fourth quarter revenue figures. The company reported in-line profits for the period, but missed analysts' estimates on the top line. The donut and coffee chain says it now sees fiscal 2016 earnings below analysts' estimates. The company noted that its outlook already reflects the lower gasoline prices which are expected to benefit operating costs for the full year. Following its earnings results, Krispy Kreme shares are under pressure late Wednesday. TheStreet's Kurumi Fukushima reports in New York.