Shares of Krispy Kreme (NASDAQ: DNUT) continued to sink on Wednesday after dropping by more than 20% on Tuesday. As of 11:50 a.m. ET,  the stock was down by about 8.6%. Why analysts are lowering their expectations The doughnut purveyor issued its fourth-quarter report before the opening bell on Tuesday,

Krispy Kreme Inc.’s stock was down more than 23% Tuesday and heading toward a new low, weighed down by the doughnut maker’s fourth-quarter results and weak full-year outlook.

Krispy KremeKrispy Kreme is guiding for higher organic sales this year after a cyberattack ate into its fourth-quarter growth, though shares dropped after the outlook missed Wall Street estimates.The doughnut chain said Tuesday that it expects $1.