Krispy Kreme whiffed on revenue and the stock is sliding

Doughnut-maker Krispy Kreme had a slight miss on revenue expectations and the stock is sliding.

While the company reported an adjusted earnings per share of $0.22 versus analysts expectations of $0.21 for the fourth quarter, revenue came in light at $130.4 million against analyst expectations of $131.3 million.

In response to the earnings, the stock is trading down nearly 6% after-hours.

More to come…

NOW WATCH: This 7-minute fitness routine is all you need to get in shape

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.