Krispy Kreme Warns a Cyber Attack Will Negatively Impact Results | Global News Avenue

Krispy Kreme Stock (DNUT) fell on Wednesday after the donut maker reported disruptions caused by a recent cyberattack that will negatively impact its financial results.

The company wrote in a regulatory filing that it learned of the breach on Nov. 29 and that while stores remained open and customers could order in person, the company experienced “certain operational disruptions, including in the U.S. Online ordering in the region.” Daily deliveries of fresh food to retailers and restaurant partners have not been affected, it added.

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

The company said it will continue to “work to respond to and mitigate the impact of this incident” along with external cybersecurity experts.

Krispy Kreme shares were down about 3% on Wednesday morning, and its value has fallen about 35% this year.