Robbins Geller Rudman & Dowd LLP Announces the Krispy Kreme Class Action Lawsuit.
Robbins Geller Rudman & Dowd LLP has filed a lawsuit against Krispy Kreme, Inc. (NASDAQ: DNUT) and several of its top executives.
The case, filed as Cameron v. Krispy Kreme, Inc., claims the company and its leaders misled investors by overstating the success of Krispy Kreme’s partnership with McDonald’s.
Krispy Kreme, famous for its doughnuts, started selling them at a few McDonald’s restaurants in Kentucky back in October 2022.
The plan was to test the waters before rolling out nationwide. By March 2024, the two companies announced they’d expand the partnership to McDonald’s locations across the U.S. in the second half of the year.
But things didn’t go as planned. The lawsuit claims Krispy Kreme’s leadership failed to tell investors that demand for its doughnuts at McDonald’s locations had already dropped off sharply after the initial excitement.
As demand slipped, sales at these locations fell, and the partnership, it turned out, wasn’t profitable. This raised serious questions about the viability of the McDonald’s deal and ultimately forced Krispy Kreme to hit pause on expansion plans.
Then came the bombshell. On May 8, 2025, Krispy Kreme released its first-quarter financial results.
Revenue was down 15.3% to $375.2 million, and net losses soared to $33.4 million compared to $6.7 million the year before.
The company admitted it was reassessing its rollout plans with McDonald’s and withdrew its full-year financial outlook due to the uncertainty. Unsurprisingly, Krispy Kreme’s stock price dropped nearly 25% on the news.
If you bought or acquired Krispy Kreme stock and suffered losses, you might be eligible to lead the lawsuit. You can submit your information at this link or reach out to attorneys J.C. Sanchez or Jennifer N. Caringal at 800-449-4900 or info@rgrdlaw.com. The deadline to file for lead plaintiff status is Tuesday, July 15, 2025.
Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities class action litigation, shareholder derivative actions, and consumer protection cases. Established in 1992, the firm has earned a reputation for its expertise in handling complex legal matters on behalf of institutional investors, individuals, and consumer groups. With a team of skilled attorneys, Robbins Geller is known for its dedication to securing justice and maximizing recoveries for clients, often representing those who have suffered significant financial losses. The firm has a history of success in landmark cases, and its attorneys are recognized as leaders in the field of securities litigation. Robbins Geller operates nationwide and has offices in major U.S. cities.
More Articles from Lawyer Monthly
