Crispy Kreme Stock meets low -time results at the time of weaker results

The shares of Krispy Kreme (Dnut) sank more than 20%on Tuesday to act on an all-time low, since the donut manufacturer achieved worse results and instructions, as it was hit with a cyber attack and continued its restructuring efforts.

The company reported the fourth quarter of the adjusted profit per share (EPS) of $ 0.01 for sales, which has dropped by 10% to $ 404.0 million compared to the previous year. Analysts questioned by visible alpha searched for $ 0.09 or $ 411.1 million.

Crispy Kreme said that the decrease in income was mainly due to the sale of its majority stake in insomnia in the third quarter, together with December -hacking, which had a negative influence of around 11 million US dollars. The incident led to operational disorders, including the online order in the USA “online order, retail stores and core business functions are now fully functional,” said the company.

CEO Josh Charlesworth explained that the performance “largely matched our expectations”. Charlesworth added that the company had “restructured our management teams to maximize the profitable expansion and international growth of US capital light”, and plans to outsource US logistics. In addition, Krispy Kreme “started a process to evaluate certain international markets”.

The company generates sales of 1.55 to $ 1.65 billion of $ 1.55 to $ 1.65 billion and adjusted the EBITDA from $ 180 million to $ 200 million. The visible alpha estimates concerned 1.76 billion US dollars or 235 million US dollars.

The shares of Krispy Kreme decreased by 23% to $ 7.01 after they had touched an all-time low of $ 6.35 shortly after the markets opened. They have lost almost half of their value in the past 12 months.