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Krispy Kreme Stock On Pace for Record Low After Earnings Disappoint
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Krispy Kreme stock plummeted Tuesday, heading for an all-time low, after the doughnut chain reported a dramatic fourth-quarter earnings miss and issued weak full-year guidance. Shares of the doughnut chain plunged 25% to $6.81, on track for the largest same-day percentage decrease on record, according to Dow Jones Market Data. The sharp decline came after Krispy Kreme reported underwhelming fourth-quarter results.
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