NEW YORK CITY, NY / ACCESS Newswire / May 10, 2025 / Pomerantz LLP is investigating claims on behalf of investors of Krispy Kreme, Inc.("Krispy Kreme" or the "Company") (NASDAQ:DNUT). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Krispy Kreme and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On May 8, 2025, Krispy Kreme issued a press release reporting its financial results for the first quarter of 2025. Among other items, Krispy Kreme reported a significant drop in revenue, citing "consumer softness leading to a decline in doughnut shop transaction volume." Krispy Kreme also pulled its full year guidance and suspended future dividend payments, citing a challenging environment coupled with efforts to preserve cash.
On this news, Krispy Kreme's stock price fell $1.07 per share, or 24.71%, to close at $3.26 per share on May 8, 2025.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, London, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
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SOURCE: Pomerantz LLP
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