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 has launched a limited-edition Valentine’s Day doughnut collection, featuring four heart-shaped varieties available starting January 31. The collection is presented in a custom dozen box with built-in valentines. The new doughnuts include flavors like Beary Best Valentine, Bee Mine, Cookie to My KREME, and My Batter Half. The initiative aims to spread love and joy amid current challenges. This collection is accessible via the Krispy Kreme app and website for pick-up or delivery.
Krispy Kreme has announced a promotion to offer a free Original Glazed dozen for blood and platelet donors from January 24 to 31, 2022, in response to the American Red Cross's national blood crisis. This initiative aims to encourage donations as the Red Cross has reported severe blood shortages exacerbated by winter weather and the COVID-19 pandemic. Eligible donors can receive the offer by showing proof of their donation. The Red Cross has called for increased blood donations to support hospitals facing critical shortages.
Krispy Kreme (NASDAQ: DNUT) will participate virtually in the 2022 ICR Conference. CEO Mike Tattersfield and CFO Josh Charlesworth will present on Tuesday, January 11, 2022, at 8:30 a.m. Eastern Time. A live webcast can be accessed via Krispy Kreme’s Investor Relations website, with a replay available for 90 days. The company is known for its iconic Original Glazed® doughnut and operates over 30 countries through fresh doughnut shops and e-commerce.
Krispy Kreme has announced the launch of four new Chocolate Glazed mini doughnuts starting
Krispy Kreme is welcoming 2022 with a special promotion, offering two Original Glazed dozens for just $12 from December 30 to January 2. This deal is available online, via drive-thru, and in-store at participating locations across the U.S.. Customers can purchase up to two dozen per day to celebrate the new year with family and friends. The promotion aims to enhance customer engagement and boost sales during this festive period.
Krispy Kreme (NASDAQ: DNUT) updated its fiscal year 2021 guidance, driven by strong momentum in Q4. The company expects net revenue between $1.37 billion and $1.39 billion, reflecting a growth of 22-23% compared to 2020. Organic revenue growth is projected at 10-12%, with adjusted EBITDA of $182-$187 million, representing a 25-29% increase. Furthermore, the adjusted net income is forecasted at $65-$68 million, signifying a growth of 46-61%. The company maintains a long-term outlook, anticipating organic revenue growth of 9-11%.
The Board of Directors of Krispy Kreme (NASDAQ: DNUT) has declared a quarterly cash dividend of $0.035 per share of common stock. This decision, made on December 6, 2021, highlights the company's commitment to returning value to shareholders. The dividend will be paid on February 9, 2022, to shareholders of record as of January 26, 2022. This announcement reinforces Krispy Kreme's ongoing strategy to enhance shareholder returns, reflecting confidence in the company's financial health and operational stability.
On December 12, Krispy Kreme will celebrate its annual “Day of the Dozens,” offering customers a second dozen Original Glazed® doughnuts for just $1 with the purchase of any dozen at regular price. This promotion is available via takeout, drive-thru, or in shops, with a limit of two per customer. The 'Let It Snow' holiday collection will also be featured, introducing three new doughnuts and holiday classics. The event enhances customer engagement, allowing fans to share their celebrations on social media using #DayofDozens.
JAB Holding Company announced an increase in its economic exposure to Krispy Kreme (NASDAQ: DNUT) through a three-year total return swap agreement with BNP Paribas for up to 6,500,000 shares. Currently owning approximately 44.77% of Krispy Kreme, JAB aims to secure its position as a long-term investor. BNP will acquire shares in the open market, while JAB will receive dividends. The agreement aligns with JAB's strategy of backing brands with significant growth potential. Krispy Kreme recently reported impressive Q3 results and reaffirmed its 2021 guidance.
Krispy Kreme is introducing its Let It Snow holiday collection starting
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