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 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
Krispy Kreme has launched its first ever cinnamon rolls, available starting Sept. 27, at participating locations across the U.S.. Customers can enjoy two unique options: the Original Glazed Cinnamon Roll and the Cinnamon Toast Crunch Cinnamon Roll, each hand-rolled and glazed to perfection. The latter features a topping of Cinnamon Toast Crunch cereal with a cereal milk icing swirl. These treats can be purchased individually or in a special four-pack, both in-store and online. This new menu item aims to enhance the brand's offerings and customer experience.
Krispy Kreme, Inc. (NASDAQ: DNUT) has been added to the Russell 2000 Index as of September 20, 2021. This inclusion follows the successful completion of its IPO in July, reflecting ongoing growth. CEO Mike Tattersfield emphasized that the addition showcases the strength of the Krispy Kreme brand and its global omnichannel strategy. The Russell 2000 Index, which includes small-cap stocks, serves as a benchmark for many investment managers, with approximately $9 trillion in assets linked to it.
Krispy Kreme is celebrating World Gratitude Day from September 21 to September 27 by offering gift-wrapped dozen doughnuts. Customers who send these special doughnuts will receive a free Original Glazed dozen as a thank-you gift. The promotion includes options for themed packaging and messages, and customers can place orders via Krispy Kreme's website or app. Deliveries are available within specific proximity to stores, with digital vouchers for free dozens expiring on October 27. This initiative promotes gratitude and enhances customer engagement.
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