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Goldman Sachs Downgrades Parkland to Neutral

Goldman Sachs analyst Neil Mehta downgrades Parkland (TSX:PKI) from Sell to Neutral.
byBenzinga Newsdesk
October 20, 2022
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Goldman Sachs analyst Neil Mehta downgrades Parkland (TSX:PKI) from Sell to Neutral.

 
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Doughnut Delight: Krispy Kreme Sticks To FY24 Outlook Amid Solid Q1, Global Demand

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Krispy Kreme shares surge post-reporting Q1 FY24 earnings, beating estimates with $442.698M in sales, up 5.7% Y/Y. Organic revenue grows 6.7%, driven by digital sales up 340 bps to 23.0% of total. CEO Josh Charlesworth notes robust demand, setting records with global brand activations like Valentine's Day doughnuts. FY24 outlook reaffirmed: net revenue growth of 5%-7% and adjusted EPS of $0.27-$0.31.

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