Doughnut chain Krispy Kreme (NASDAQ:DNUT) will be reporting results tomorrow before market open. Here's what to expect.

Krispy Kreme beat analysts' revenue expectations by 2.7% last quarter, reporting revenues of $450.9 million, up 11.4% year on year. It was a weak quarter for the company, with underwhelming earnings guidance for the full year and a miss of analysts' gross margin estimates.

Is Krispy Kreme a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Krispy Kreme's revenue to grow 3.6% year on year to $434.1 million, slowing from the 12.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.06 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Krispy Kreme has missed Wall Street's revenue estimates three times over the last two years.

Looking at Krispy Kreme's peers in the traditional fast food segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Yum! Brands's revenues decreased 2.9% year on year, missing analysts' expectations by 6.6%, and Portillo's reported revenues up 6.3%, falling short of estimates by 5.2%. Yum! Brands traded down 4.4% following the results.

Read our full analysis of Yum! Brands's results here and Portillo's results here.

Investors in the traditional fast food segment have had fairly steady hands going into earnings, with share prices down 1.6% on average over the last month. Krispy Kreme is down 10.5% during the same time and is heading into earnings with an average analyst price target of $17 (compared to the current share price of $12.9).

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