In the fourth quarter, Krispy Kreme saw revenue of $404 million, down 10.4% from the prior-year quarter, while adjusted non-GAAP (generally accepted accounting principles) earnings per share sank 89% to $0.01. Both figures missed analyst expectations.

Krispy Kreme guided for higher organic sales this year after a cyberattack ate into its growth during the last three months of 2024.

Krispy Kreme Inc.’s stock was down more than 23% Tuesday and heading toward a new low, weighed down by the doughnut maker’s fourth-quarter results and weak full-year outlook.