Krispy Kreme, Inc. Stock Price, News & Analysis

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.

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.