CHARLOTTE, NC. — Shares of Krispy Kreme, Inc. soared more than 43% on March 26 on news that the Charlotte-based company will be expanding its donut partnership to all McDonald’s restaurants in the United States. The expansion will begin during the second half of 2024 and is expected to be completed by the end of 2026.
After closing at $12.45 on March 25, Krispy Kreme’s stock surged as high as $17.84 in mid-day trading on the New York Stock Exchange on March 26 before closing at $17.35. The $17.84 price was the highest mark since it reached $17.99 on Jan. 11, 2022.
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