Krispy Kreme's Doughnut Dream or Debt Nightmare?

Krispy Kreme exits the cookie business, selling Insomnia Cookies for $75M to focus on doughnuts and pay down debt, but Wall Street yawns. Despite a new Harry Potter doughnut line and Labor Day deals, the stock barely budged. This comes as JPMorgan downgrades the stock, citing US business struggles, international refranchising challenges, and a massive debt load. Investors who bought in at the IPO are feeling the burn, with shares down 70% from their peak. Is this the recipe for a turnaround or a recipe for disaster? Hosted on Acast. See acast.com/privacy for more information.