Why Krispy Kreme Stock Tumbled on Wednesday Morning

·2 min read

Shares of Krispy Kreme (NASDAQ: DNUT) were sharply lower Wednesday morning, tumbling as much as 14.9%. The catalyst that sent the donut maker lower was the company's financial report, which left investors with empty stomachs. Krispy Kreme generated second-quarter revenue of $375.2 million, up 7.5% year over year, though a strong dollar negatively affected the top line.