Krispy Kreme Warns a Cyber Attack Will Negatively Impact Results

Shares of Krispy Kreme (DNUT) fell Wednesday after the donut maker reported a recent cyber attack caused disruptions that will have a negative effect on its financial results. 

The company wrote in a regulatory filing that it learned on Nov. 29 of the breach, and while shops were open and customers could order in person, the company experienced “certain operational disruptions, including with online ordering in parts of the United States.” It added that daily fresh deliveries to retailers and restaurant partners were not affected.

Krispy Kreme warned that “the incident has had and is reasonably likely to have a material impact on the Company’s business operations until recovery efforts are completed.” It added the costs associated with dealing with the attack will likely “have a material impact on the Company’s results of operations and financial condition.”  

The company said it, along with external cybersecurity experts, continue to “work diligently to respond to and mitigate the impact from the incident.”

Krispy Kreme shares were down around 3% Wednesday morning and have lost about 35% of their value this year.