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.
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
Krispy Kreme (NASDAQ: DNUT) reported strong Q3 2021 results, with net revenue increasing 18% year-over-year to $342.8 million. Organic revenue growth, excluding the legacy wholesale business, was 14%, with global points of access expanding 46% to over 10,000 locations. Adjusted EBITDA rose 10% to $41.4 million, driven by operational efficiencies. The company announced a 40% reduction in net debt to $681 million and reaffirmed its full-year 2021 guidance, expecting revenue between $1.34 billion and $1.38 billion. CEO Mike Tattersfield highlighted momentum heading into the holiday season.
Krispy Kreme, Inc. (NASDAQ:DNUT) will announce its third quarter 2021 earnings on November 9, 2021, followed by a conference call at 5:00 PM EDT. Investors can participate by calling (877) 312-1907 (US) or (470) 495-9529 (international) with conference ID 6086266. A live audio webcast will be accessible on the Krispy Kreme investor relations website. A replay and transcript will be available post-call. The company operates over 30 countries and aims to enhance lives through its beloved sweet treats.
Krispy Kreme has embraced the Halloween spirit by rebranding as 'Krispy Skreme' this October. Launching four new doughnuts inspired by Halloween symbols, the limited-time offerings include the Abra Cat Dabra, Enchanted Cauldron, Bewitched Broomstick, and Spooky Sprinkle doughnuts. From October 16 through Halloween, customers can purchase $1 dozen doughnuts with the purchase of another dozen, and a free doughnut will be available for customers in costume on Halloween. This promotional campaign aims to boost customer engagement and drive sales during the Halloween season.
Krispy Kreme has announced a definitive agreement to acquire a majority controlling interest in Krispy K Canada. Current operating partners, Christopher Lindsay and Kelcey Hamaker, will continue to lead as co-CEOs. This strategic move aims to bolster Krispy Kreme's omnichannel strategy in Canada, where there are currently only 11 points of access compared to over 1,000 in similar markets like the U.K. and Australia. The consolidation will enhance Krispy Kreme's global sales control to 75%. The transaction is expected to close in Q4 2021.
Krispy Kreme celebrates National Coffee Day on
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