Krispy Kreme, Inc. - DNUT STOCK NEWS

Krispy Kreme hosted an Investor Day in Charlotte, NC, reiterating its 2022 guidance and introducing 2026 targets. CEO Mike Tattersfield emphasized the company's transformation strategy aimed at sustainable growth and profitability. Key growth drivers include expanding its U.S. hub & spoke model, international market presence, and leveraging partnerships like Insomnia Cookies. The 2022 outlook includes net revenue between $1.49 billion and $1.52 billion, with organic revenue growth of 10-12%. For 2023, low double-digit revenue and EBITDA growth is anticipated, while 2026 forecasts project net revenue of approximately $2.15 billion.

Krispy Kreme (NASDAQ: DNUT) will host an Investor Day on its Charlotte headquarters on 9am EST, providing updates on its strategic vision and financial outlook.

The session will reaffirm 2022 guidance while introducing initial financial targets for 2026.

Investors and analysts are invited to join via a live webcast, which will conclude at approximately 12pm EST. A replay will be available afterward.

The Board of Directors of Krispy Kreme (NASDAQ: DNUT) announced a quarterly cash dividend of $0.035 per share on December 8, 2022. This dividend will be paid on February 8, 2023, to shareholders on record as of January 25, 2023. The company's commitment to returning value to shareholders is emphasized through this action, reflecting its strong operational performance and stability in the sweet treat market.

Krispy Kreme (NASDAQ: DNUT) announced the appointment of Jeremiah Ashukian as the new Executive Vice President and Chief Financial Officer, effective January 9, 2023. He succeeds Josh Charlesworth, who served as CFO since April 2017 and will remain as Global President and Chief Operating Officer. Ashukian brings over 20 years of finance leadership from Mars, Inc., positioning him to enhance the company's strategic goals and long-term value for shareholders.

On December 12, Krispy Kreme celebrates its annual "Day of the Dozens," offering one dozen Original Glazed doughnuts for only $1 with the purchase of any dozen at regular price. This promotion is available in-shop, for pick-up, and drive-thru, with a limit of two dozens per guest at participating locations across the U.S. Customers can also enjoy the festive "Santa’s Bake Shop" Collection in limited-edition packaging. The event encourages social media engagement using #DayofDozens.

Krispy Kreme (NASDAQ: DNUT) announced its Investor Day event scheduled for December 15, 2022, starting at 9 AM EST, held at its Headquarters in Charlotte, NC. The event will feature management presenting the Company’s strategic vision and long-term growth goals, alongside an initial outlook for 2023-2026. Interested parties can register online or attend in person by contacting Investor Relations. A replay of the event will be made available on their Investor Relations website after the broadcast.

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 Nov. 7. The lineup includes mini Pecan, Pumpkin, Lemon Kreme™, and Dutch Apple Pie doughnuts. As a promotion, customers who purchase a 16-count box can add a dozen Original Glazed® doughnuts for just $1 on Nov. 18-19. This initiative aims to enhance gatherings and express gratitude through bite-sized treats. The doughnuts are available at participating locations in the U.S.