Krispy Kreme stock plunges nearly 30% as it ends dividends, pauses McDonald’s expansion

Shares of Krispy Kreme Inc. (NASDAQ: DNUT) plunged over 28% on Thursday after the donut-and-coffee chain said it will no longer pay out its quarterly dividend and that it was “reassessing” the deployment of its planned McDonald’s rollout, and fell short of earnings expectations, according to Bloomberg.

Krispy Kreme’s earnings missed expectations for the first quarter of 2025, with the company posting an EPS (earnings per share) of negative $0.05, coming in below the EPS forecast of negative...