Krispy Kreme’s partnership with McDonald’s to sell its doughnuts at all of the burger chain’s US restaurants didn’t turn out as sweet as it thought. The doughnut chain announced in its earnings release Thursday that it is “reassessing the deployment” of the rollout,

Krispy Kreme’s stock suffering a record plunge after the doughnut seller scraps its dividend, reassesses its McDonald’s arrangement and reports downbeat results.

Krispy Kreme does not expect to launch in any additional restaurants in the second quarter of 2025. The North Carolina-based company’s doughnuts are already available in about 2,400 McDonald’s locations.