Krispy Kreme falls sharply as meme buzz does not hold up to earnings scrutiny

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Krispy Kreme (NASDAQ:DNUT) fell sharply on Thursday after its second quarter earnings report showed a significant revenue decline of 13%, ongoing profitability challenges, and the announcement of a turnaround strategy.

Revenue was down 18.5% on a year-over-year comparison to $357.6 million for

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