BUZZ - Krispy Kreme shares rise on New York expansion deal

October 13 - ** Doughnut and coffee chain Krispy Kreme (DNUT.O) shares rose 1.5% to $3.08, marking a three-week high

** The company announced it has reached an agreement with “Original Entrepreneurs” to open 33 stores in the New York metropolitan area over the next five years

** The new stores will be located in New York City and surrounding areas, including Long Island and New Jersey

** According to data compiled by LSEG, DNUT's current price-to-earnings ratio (based on expected earnings per share for the next 12 months) exceeds 64 times, much higher than the industry median of 14.01 times

** Including fluctuations on the day, DNUT has fallen by more than 23.5% so far this year

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