Wedbush Expects Solid Results Ahead of Krispy Kreme Doughnuts (KKD) 3Q Results; Reiterates Outperform

Wedbush reiterated an Outperform rating and $22.00 price target on Krispy Kreme (NYSE: KKD) ahead of the company's 3Q earnings report. Consensus is for EPS of $0.19 on revenue of $133.5 million. Wedbush believes potential for an upside exists. Results will be announced after market close on December 8th.

Analyst Nick Setyan commented, "Believe upside exists to reset FY16 and FY17 expectations, driven by pivot away from lower-margin transaction growth, consistent double-digit company-owned unit growth, accelerating franchisee unit growth, industryleading international unit growth and share repurchases."

For an analyst ratings summary and ratings history on Krispy Kreme click here. For more ratings news on Krispy Kreme click here.

Shares of Krispy Kreme closed at $14.27 yesterday.

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