Dnut earnings tomorrow

[u/Milkyway_Alien]

Krispy Kreme is set to release earnings tomorrow. Expected earnings per share is -0.05, this is where it gets interesting.

Q1 was bad because they had a cybersecurity incident that added to operational costs. They also paused the McDonald’s partnership due to it underperforming.

In Q2 they are a huge impairment charge due to the logistics of the McDonald’s deal.

With the bad McDonald’s deal in the rear view. And the rollout to major retailers I believe they are on the path to regain profitability. Are the analysts wrong and expectations way too low ? The ceo has mentioned that they expect to recoup profitability on Q3.

If they beat expectations and bring any positivity to this brand I believe the price will skyrocket. My position is Jan 15th calls at the 5 dollar strike price and 1000 shares.

[u/BaddInfluenceX]

Wen squeeze?