Krispy Kreme Stock Pops on McDonald's Test
2022年10月19日 - 1:01AM
Dow Jones News
By Will Feuer
Shares of Krispy Kreme Inc. popped in morning trading Tuesday
after McDonald's Corp. said it will sell Krispy Kreme doughnuts at
nine of its locations in Louisville, Ky., as part of a limited-time
test.
McDonald's will sell three styles of Krispy Kreme's doughnuts as
supplies last, it said. McDonald's said it often conducts tests to
inform future menu decisions.
"This small-scale test will help us understand how offering new
bakery items like Krispy Kreme could impact operations in our
restaurants," McDonald's said.
Shares of Krispy Kreme, which returned to the public markets
last year in an initial public offering, recently traded almost 5%
higher at $13.56. The stock rose as high as $14.03 earlier.
So far this year, the stock is down about 28%.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
October 18, 2022 11:46 ET (15:46 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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