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DNUT / Krispy Kreme stock rises as it puts Insomnia Cookies up for sale

Krispy Kreme Doughnuts Inc (NASDAQ:DNUT) stock was on the front foot, up around 3% at $12.80, as the doughnut company said it was hoisting the ‘for sale' sign over its 75% stake in the Insomnia Cookies brand. It comes as Krispy Kreme seeks to focus on its core business - producing, selling and distributing fresh doughnuts. Read More

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Posted: Oct 3 2023, 08:53

Author Name: Proactive Investors

DNUT News

By Forbes
October 30, 2023

Will Ozempic Kill Donut Sales? Krispy Kreme Stock Downgraded As Weight Loss Drugs Boom.

Analysts say the impact of Ozempic and peers' boom in popularity is “real” and “not small” on the food and beverage industry as a whole.

By Business Insider
October 30, 2023

Krispy Kreme stock is downgraded due to the risk of GLP-1 weight loss drugs

Krispy Kreme stock was downgraded due to the growing popularity of GLP-1 weight loss drugs. Patients taking GLP-1 drugs like Ozempic, Wegovy, and Moun

By Seeking Alpha
October 25, 2023

Krispy Kreme Still A Buy After The Dip

Krispy Kreme's Q2 2023 results showed strong revenue growth, driven by the U.S. business and Market Development segments. The company aims to increase

By Investopedia
October 3, 2023

Krispy Kreme Says It Wants to Sell Its Majority Stake in Insomnia Cookies

Krispy Kreme (DNUT) announced Tuesday that it is putting up for sale its majority stake in Insomnia Cookies so that it can focus on its main business,

By PYMNTS
October 3, 2023

Krispy Kreme May Put Insomnia Cookies to Bed as Restaurants Cut Costs

As restaurants grapple with cost challenges, Krispy Kreme is putting its Insomnia Cookies subsidiary up for sale. On Tuesday (Oct. 3), the donut chain

By Schaeffers Research
October 3, 2023

Krispy Kreme Looks to Crumble Cookie Business

Krispy Kreme Inc (NASDAQ:DNUT ) stock is cutting back on cookies.

By Yahoo Finance
October 3, 2023

Krispy Kreme exploring sale of Insomnia Cookies

Krispy Kreme (DNUT) announced it is exploring options for its Insomnia Cookies unit, including a potential sale. The doughnut maker took a majority st

By Fox Business
October 3, 2023

Krispy Kreme mulling cash deal for Insomnia Cookies

Krispy Kreme said it is exploring strategic alternatives for Insomnia Cookies, including an all-cash purchase. The donut maker acquired a majority sta

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