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 (NASDAQ: DNUT) reported a strong performance in Q3 2022, with net revenue rising 10.1% year-over-year to $377.5 million. Organic revenue growth reached 12.0%, driven by a 16.6% increase in Global Points of Access. However, the company experienced a GAAP net loss of $11.8 million, with Adjusted Net Income declining by 53.5% to $5.9 million. Despite the currency headwinds and increased costs, Krispy Kreme reaffirms its 2022 guidance, expecting net revenue between $1.49 billion and $1.52 billion.
Krispy Kreme is launching new mini pie doughnuts for Thanksgiving, available starting
Krispy Kreme, Inc. (NASDAQ:DNUT) announced it will release its third quarter 2022 earnings results on November 15, 2022, followed by a conference call at 8:30 AM EST. Interested parties can access the call by dialing 1 (800) 599-5188 with the conference ID 5487868. The call will also be available via a live audio webcast on Krispy Kreme's investor relations website. A replay and transcript will be accessible within 24 hours. The press release and related materials will be available on the same website.
Krispy Kreme has rebranded as 'Krispy Skreme' for the Halloween season, launching a new Haunted House Collection and special offers. Starting October 10, fans can enjoy a limited-edition selection of Halloween-themed doughnuts, including the Spooky Spider Doughnut and Scaredy Cat Doughnut. Additionally, the company is reviving 'Saturday Scary Sharies,' offering $2 dozens with the purchase of any dozen, from October 15 through Halloween. On October 31, guests in costume can receive a free doughnut. These promotions aim to enhance customer engagement and excitement during Halloween.
Krispy Kreme is celebrating National Coffee Day by offering free brewed coffee to guests on Thursday, Sept. 29. Customers can enjoy either hot or iced coffee, and Krispy Kreme Rewards members will also receive a free doughnut of their choice. This promotion is available for carry-out and drive-thru at participating U.S. locations, with no purchase necessary. To become a Rewards member, customers can sign up through the Krispy Kreme app or its website.
Krispy Kreme, Inc. (NASDAQ: DNUT) has announced a quarterly cash dividend of $0.035 per share. This was declared on September 15, 2022, with a payment date set for November 9, 2022. Shareholders of record on October 26, 2022 will be eligible to receive the dividend. This decision aligns with the Company’s dividend policy, reflecting its commitment to returning value to shareholders.
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