Welcome to our dedicated page for Krispy Kreme news (Ticker: DNUT), a resource for investors and traders seeking the latest updates and insights on Krispy Kreme stock.
Krispy Kreme, Inc. (symbol: DNUT) is a renowned retailer and wholesaler of high-quality doughnuts and packaged sweets, with a rich history dating back to 1937. The company is celebrated for its iconic Original Glazed® doughnut, known for its hot-off-the-line, melt-in-your-mouth experience. Krispy Kreme operates through a network of fresh Doughnut Shops, strategic partnerships with retailers, and a growing ecommerce and delivery business.
Organized into three primary segments, Krispy Kreme's operations are extensive:
- U.S. Segment: This includes all operations in the U.S. and Canada, encompassing Insomnia Cookies shops and the Branded Sweet Treat Line.
- International Segment: Covers operations in the U.K., Ireland, Australia, New Zealand, and Mexico.
- Market Development Segment: Encompasses franchise operations globally, including significant markets like Japan.
Krispy Kreme derives the majority of its revenue from the U.S. segment. The company is continually innovating and expanding, with recent achievements including partnerships with major retailers and the enhancement of their ecommerce platform to cater to a broader audience.
Additionally, Krispy Kreme has launched several successful marketing campaigns and community initiatives, reinforcing their commitment to delivering joy through their sweet treats. The company's financial condition remains robust, driven by consistent demand and strategic growth in both domestic and international markets.
Krispy Kreme is making April Fools' Day sweeter by reintroducing its Pumpkin Spice Original Glazed® Doughnut for a limited time on April 1-2. This beloved seasonal doughnut will be available at participating shops across the U.S., both in-store and through delivery options via the Krispy Kreme app and website, while supplies last. The company aims to celebrate the season with its loyal customers, encouraging them to share their experiences on social media using #KrispyKreme. With over 30 countries in its operational network and nearly 12,000 points of access, Krispy Kreme remains committed to enhancing lives through its delicious products.
Krispy Kreme is launching its new Spring Mini doughnuts starting March 27, offering a limited-time collection inspired by spring flowers and baby animals. The collection features four unique flavors: Mini Bouncing Bunny, Mini Diving Duck, Mini Daffodil, and Mini Chocolate Iced with Spring Sprinkles. Customers can purchase these doughnuts in a custom 16-count box at participating U.S. shops or via the Krispy Kreme app and website. Additionally, select grocery stores will carry an assortment of Spring Minis. This initiative aims to enhance customer engagement during the spring season.
Krispy Kreme (NASDAQ: DNUT) has successfully completed a refinancing of its existing Term Loan A and Revolver Facilities, securing a new
Krispy Kreme, listed on NASDAQ as DNUT, will present at the BofA Securities 2023 Consumer & Retail Conference on March 15 at 1:50 p.m. ET. CEO Mike Tattersfield will discuss the company's operations and future outlook. Investors can access the live webcast and subsequent replay for 90 days via the company’s Investor Relations website. Krispy Kreme, headquartered in Charlotte, N.C., operates in over 30 countries and boasts nearly 12,000 points of access to its products. The company aims to enhance lives through the joy of its popular Original Glazed® doughnut.
Krispy Kreme is celebrating St. Patrick’s Day with a new collection of four gold-themed doughnuts and a returning favorite, the O’riginal Glazed Doughnut. Starting
- Golden Cookies & Kreme™ Doughnut
- Hat O’ Gold Doughnut
- Golden Sprinkle Doughnut
- Rainbow Kreme™ Filled Doughnut
Additionally, on
Insomnia Cookies is expanding internationally for the first time, with new stores set to open in Canada and the UK in summer 2023, alongside plans for numerous U.S. locations. This move aims to enhance its presence in the late-night dessert market, targeting 95% of U.S. households. The company, a subsidiary of Krispy Kreme (NASDAQ: DNUT), has experienced rapid growth since its establishment in 2003, now boasting over 230 locations. The expansion aligns with consumer demand for its unique cookie offerings, including vegan and limited-edition flavors, further strengthening its brand loyalty among 'Insomniacs.'
Krispy Kreme has launched the REESE’S Salty Sweet Dozen, a limited-time offering available starting
- Salty Sweet Crunch Doughnut: filled with REESE’S peanut butter Kreme, topped with pretzels.
- Salty Sweet Crisp Doughnut: topped with potato sticks and peanut butter sauce.
- Outrageous Doughnut: layered with Mini REESE’S PIECES and salted caramel icing.
Krispy Kreme (NASDAQ: DNUT) reported a 9.2% increase in fourth-quarter net revenue to $404.6 million, driven by a 12.5% organic growth across all segments. Despite foreign currency exchange headwinds impacting results, sales per hub rose 15% in the U.S. and Canada. The company experienced a GAAP net loss of $1 million, primarily due to $12.4 million in non-cash expenses related to optimization efforts. Adjusted EBITDA grew 17% to $55.9 million, and free cash flow was $32.4 million. For 2023, Krispy Kreme anticipates net revenue of $1.65 to $1.68 billion, projecting organic revenue growth of 9% to 11% and adjusted EBITDA of $205 to $215 million.
The Board of Directors of Krispy Kreme (NASDAQ: DNUT) has announced a quarterly cash dividend of $0.035 per share, reflecting its commitment to returning value to shareholders. This dividend was declared on February 8, 2023, and will be paid on May 10, 2023, to shareholders of record as of April 26, 2023. Krispy Kreme, headquartered in Charlotte, N.C., operates over 30 countries, emphasizing joy through its well-loved products such as the Original Glazed® doughnut.
Krispy Kreme, Inc. (NASDAQ:DNUT) will release its fourth quarter and full year 2022 earnings results on February 15, 2023. A conference call to discuss these results is scheduled for 8:30 AM EST on the same day. Interested participants can access the call by calling 1 (800) 599-5188 and using conference ID 5487868. The call will also be available via live audio webcast on the company's investor relations website. Following the call, a replay and transcript will be accessible within 24 hours. Further earnings details will be distributed via the investor relations section of the Krispy Kreme website.
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