Krispy Kreme upgraded at Janney Capital As previously reported, Janney Capital upgraded Krispy Kreme to Buy from Neutral ahead of the August 29 Q2 report. The firm upgraded shares due to strong same-store sales momentum, accelerating unit growth, and improving unit economics. The firm raised its Q2 EPS estimate to 16c vs. consensus of 15c. Price target is $26.
Krispy Kreme signs development agreements for 11 shops Krispy Kreme announced it has signed development agreements to open 11 Krispy Kreme shops in Arkansas, Montana, Illinois and Kentucky over the next several years.