Krispy Kreme is leaning on some of America’s biggest retailers in a bid to make sure its doughnuts aren’t the only dough it’s making. CEO Josh Charlesworth said it’s focusing on distribution partnerships with Walmart, Target, Costco, and others to boost profitability. And while the glazed treat maker may be known more for its belt-widening efforts, its belt-tightening moves are what’s making traders drool over DNUTs.
The high-flying, more speculative pockets of the market got crushed yesterday as volatility rose and traders went risk off.
AI trade jitters returned and job numbers from private consulting firm Challenger, Gray, and Christmas that said job cuts in October were the steepest in 22 years spooked the market. The S&P 500 was off over 1%, the Nasdaq 100 finished nearly 2% lower, and the Russell 2000 dipped roughly 1.6%.
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