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Lawsuit alleges Krispy Kreme insiders misled investors on McDonald's demand

Krispy Kreme logoKrispy Kreme
Sig3.25Sen-4.00Env0.00Soc0.00Gov-6.70

A federal securities lawsuit alleges Krispy Kreme insiders misrepresented or failed to disclose that McDonald’s product demand declined after the initial launch, that it drove falling average sales per door, and that the partnership was unprofitable. The complaint also says risks to the McDonald’s arrangement and the decision to pause new-location expansion made prior company statements misleading.

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