Krispy Kreme Soars 30% on McDonald’s Distribution Partnership, But Is it Enough to Earn DNUT a Buy?
Krispy Kreme (DNUT) is up more than 30% in Tuesday trading after the Winston-Salem, NC company announced a strategic partnership with worldwide fast-food chain McDonald’s. The rollout will begin in the back half of this year, at which point customers will be able to buy Krispy Kreme doughnuts at select McDonald’s. The partnership will [...]
