Krispy Kreme Posts Mixed Earnings, Sharpens Debt-Reduction Goal

Krispy Kreme Inc. reported earnings that were broadly in line with estimates and tightened its debt reduction target, signaling its recovery plan is gaining traction.

The Charlotte, North Carolina–based company posted adjusted earnings before interest, taxes, depreciation, and amortization of $33.1 million, just ahead of the $30.6 million analyst consensus. The net loss of $22.8 million narrowed from $33.3 million a year earlier, though missed the $10.8 million loss analysts had predicted.