Why Krispy Kreme Stock Crushed It Today

Krispy Kreme stock surged over 30% after the doughnut maker raised its full-year sales forecast and demonstrated improved profitability. The company is successfully executing a refranchising strategy, shifting to an asset-light, franchise-based business model that improves margins and cash flow. Q3 adjusted net income rose sevenfold to $9.9 million, and management raised guidance for full-year net revenue to $1.35-$1.4 billion with projected free cash flow exceeding $15 million.