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Shareholders who lost money on Krispy Kreme, Inc. (NASDAQ: DNUT) Should Contact Wolf Haldenstein
NEW YORK, June 2, 2025 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP ("Wolf Haldenstein") a distinguished law firm with over 125 years of history, announces that a securities class action lawsuit has been filed in the on behalf of all persons or entities who purchased or otherwise acquired Krispy Kreme, Inc. ("Krispy Kreme" or the "Company") (NASDAQ: DNUT) securities between February 25, 2025 and May 7, 2025, both dates inclusive (the Class Period).
If you are an investor who bought or otherwise acquired Krispy Kreme securities during the Class Period, you have until July 15, 2025 to ask the Court to appoint you as Lead Plaintiff for the class.
PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION
Class Action Overview:
- Allegations:
- Krispy Kreme allegedly made false or misleading statements and/or failed to disclose:
- There was a significant decline in demand for products at McDonald's after the initial marketing launch.
- This decline led to lower average sales per location.
- The McDonald's partnership was not profitable.
- These issues posed risks to the continuation of the partnership.
- Consequently, Krispy Kreme would pause expanding to new McDonald's locations.
Financial Impact:
- May 8, 2025: Krispy Kreme released its Q1 2025 financials:
- Net revenue: $375.2 million (15.3% decline).
- Net loss: $33.4 million (compared to $6.7 million loss prior year).
- Announced a reassessment of its McDonald's deployment schedule and withdrew its full-year outlook.
- Market Reaction: Share price dropped nearly 25% following this news.
This illustrious firm, founded in 1888, is steadfast in their pursuit of justice for investors who have suffered financial harm due to these misrepresented statements. The law firm brings to the fore over 125 years of legal expertise in securities litigation and has a proven track record of protecting the rights of investors.
We encourage all investors who have been affected or have information that will assist in our investigation, to contact Wolf Haldenstein Adler Freeman & Herz LLP.
Contact:
- Phone: (800) 575-0735 or (212) 545-4774
- Email: classmember@whafh.com
- Contact Person: Gregory Stone, Director of Case and Financial Analysis
Firm Website: Wolf Haldenstein Adler Freeman & Herz LLP
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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SOURCE Wolf Haldenstein Adler Freeman & Herz LLP
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