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Shares of Krispy Kreme Inc. (NASDAQ: DNUT) plunged over 28% on Thursday after the donut-and-coffee chain said it will no longer pay out its quarterly dividend and that it was reassessing the deployment of its planned McDonald’s rollout, and fell short of earnings expectations, according to Bloomberg. Krispy Kreme’s earnings missed expectations for the first quarter of 2025, with the company posting an EPS (earnings per share) of negative $0.05, coming in below the EPS forecast of negative $0.04. It posted revenue of $375.2 million, within previous guidance but below a forecast of $385.11 million. Following the announcement, Krispy Kremes stock fell by 28.18% in premarket trading, and was still down nearly 25% by the time of market close. According to data from InvestingPro, shares of the stock have fallen over 65% in the past year. At the same time, the company said it is ending its quarterly dividend in order to pay down its mounting debt. Our ability to become a bigger Krispy Kreme requires that we become better, and we are taking swift and decisive action to pay down debt, de-leverage the balance sheet and drive sustainable, profitable growth, Krispy Kreme CEO Josh Charlesworth said. Krispy Kreme, which started selling its donuts at McDonald’s in March 2024, and currently sells at some 2,400 burger chain locations, said it won’t be expanding that rollout in the second quarter after sales slowed below projects, CNBC reported. Both companies had previously said the doughnuts would be sold in all McDonalds U.S. locations by the end of 2026. Like many fast casual chains, McDonald’s is seeing less traffic in its U.S. stores, as consumers, worried about skyrocketing prices and a potential recession, are spending less. Fast Company has reached out to McDonald’s for comment. Like many companies, the donut maker also pulled its financial outlook due to the uncertainty surrounding pricing and sales caused by President Donald’s Trump’s tariff wars. The well-known doughnut company, famous for its iconic Original Glazed doughnut, also sells beverages like coffee, and provides catering services. Krispy Kreme has had significant operational challenges recently after a cybersecurity breach last November disrupted its online ordering systems, causing ongoing disruptions to digital sales, which make up 15.5% of the companys doughnut-shop sales.
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E-Commerce
Grab your boots and cowboy hats. The 60th Academy of Country Music Awards will have you two-stepping in your living room tonight (Thursday, May 8). This big anniversary show is sure to be an old-fashioned good time. Heres everything you need to know about this celebration of country music, including how to tune in. A brief history of the Academy of Country Music and the ACM Awards Believe it or not, the Academy was founded in Los Angeles, California: A group of country music lovers led by Tommy Wiggins, Eddie Miller, and Mickey and Chris Christensen founded the organization in 1964. Their goal was to promote country music and artists, such as Merle Haggard, in the west. As part of this larger mission, the ACM Awards were created in 1966. The signature hat trophy would debut two years later. Who is hosting the 2025 ACM Awards? Fast-forward to 2025 and country music superstar Reba McEntire is serving as host. This isnt her first rodeo, either. It marks year 18 of her having this honor, the most of any emcee. Who is performing at the 2025 ACM Awards? Beyond her hosting duties, McEntire will perform. This awards show is famous for its unconventional duet partners, and this year is no exception. Viewers can expect mashups from Rascal Flatts and the Backstreet Boys, Jelly Roll and Shaboozey, and Cody Johnson and Brooks & Dunn. Solo artists such as Megan Moroney, Alan Jackson, Chris Stapleton, Blake Shelton, Kelsea Ballerini, Lainey Wilson, Miranda Lambert, Wynonna Judd, and LeAnn Rimes will also wow audiences. Lets not forget groups such as Dan + Shay and Sugarland, who will also perform. Who is up for the Entertainer of the Year? Before we get to one of the biggest awards of the night, we have to mention the Triple Crown award. This has nothing to do with horses but the concept behind it is similar. This lifetime achievement award of sorts will be presented to Keith Urban because he has already won the New Artist, Artist of the Year, and Entertainer of the Year awards. If Luke Combs takes home Entertainer of the Year in 2025, he could be next in line for the Triple Crown himself. This 35-year-old North Carolinian already has New Artist and Artist of the Year under his belt. Combs is up against some fierce competition in Kelsea Ballerini, Cody Johnson, Jelly Roll, Chris Stapleton, Morgan Wallen, and Lainey Wilson. Viewers will have to tune in to see who takes home the coveted hat. How can I watch the 2025 ACM Awards? To see all the action on the Ford Center at The Star stage in Frisco, Texas, all you have to do is stream it live on Amazon Prime Video. The event begins tonight (Thursday, May 8) at 8 p.m. ET / 5 p.m. PT. According to the academy, you dont even need a Amazon Prime membership to watch the telecastjust a desire to have a good time. If Prime isnt your jam, you can also watch on the AmazonMusic channel on Twitch.
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E-Commerce
Cardinal Robert Francis Prevost, who was just elected as the new leader of the Catholic Church, seems to have similar views on the environment as his predecessor, Pope Francis. Prevost, who is taking the name Pope Leo XIV, has been outspoken about the need for urgent climate action and voiced his support for the use of climate technology such as solar panels and EVs. Pope Francis, who died in April, made the climate crisis a central issue of his papacy. He urged fossil fuel executives to transition to clean energy, calling the rising greenhouse gas levels disturbing and a cause for real concern; he declared a global climate emergency; and he launched a project to power the Vatican with solar panels, among other acts. Now Pope Leo XIV seems poised to follow in Franciss environmental footsteps. When Francis spoke, in November 2024, about how climate change would impact the worlds most vulnerable populations, and how it requires global cooperation to address, Cardinal Prevost shared his support for climate action, too. Prevost stressed it is time to move from words to action, ” on the climate, Vatican News reported at the time. Prevost also warned against the consequences of unchecked technological development, while reiterating the churchs commitment to protecting the environment through actions like the Vaticans solar panels or by shifting to electric vehicles. In Catholicism, there’s the belief that God has given humans dominion over nature, a directive that has been interpreted by some as domination over the planet and its creatures. Pope Francis, however, championed an interpretation that advocated less for exploitation and more for harmony with nature, and the need to care for it. Cardinal Prevost has echoed this idea, saying, per Vatican News, that dominion over nature should not become tyrannical, but instead must be a relationship of reciprocity with the environment. Prevost hasn’t been vocal about his positions broadly, so it’s not exactly clear what environmental actions he’ll take during his papacy. But his bio on the College of Cardinals Report, a website run by Catholic journalists, notes that he is reportedly very close to Franciss vision regarding the environment, outreach to the poor and migrants, and meeting people where they are.
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E-Commerce
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