Krispy Kreme (NASDAQ:DNUT) reported fourth-quarter financial results that exceeded Wall Street expectations on both the top and bottom lines, even as the company navigated significant one-time costs.
The Charlotte, North Carolina-based doughnut wholesaler and retailer posted a net loss of $27.8 million, or 17 cents per share, for the period ending in December.
However, after adjusting for non-recurring items and amortization costs, the company reported an adjusted profit of 9 cents per share.
This adjusted figure significantly outperformed the consensus estimate.
Analysts surveyed by Zacks Investment Research had anticipated adjusted earnings of just 3 cents per share.
Revenue for the quarter also showed strength, reaching $392.4 million, surpassing the $387.5 million forecast by market observers.
The quarterly success stands in contrast to the company's full-year statutory figures, which were impacted by substantial non-cash charges and restructuring efforts.
For the full fiscal year, Krispy Kreme reported a total net loss of $515.8 million, or $3.02 per share.