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 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.
The Board of Directors of Krispy Kreme (NASDAQ: DNUT) has declared a quarterly cash dividend of $0.035 per share of common stock. This dividend is scheduled for payment on November 10, 2021, to shareholders of record on October 27, 2021. As a renowned brand, Krispy Kreme operates in 31 countries, offering fresh doughnuts and growing its e-commerce and delivery business, reflecting a robust operational network.
Krispy Kreme (NASDAQ: DNUT) announced that President and CEO Mike Tattersfield will speak at two upcoming conferences: the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on September 13, 2021, and the CL King 19th Annual Best Ideas Conference on September 14, 2021. These events mark Krispy Kreme's first appearances since the company's IPO on July 1, 2021. A live webcast will be available on the company's website.
Krispy Kreme is introducing a new fall-inspired doughnut collection from
Krispy Kreme has opened its first store in Cairo, Egypt, in partnership with Americana Group, enhancing its global footprint.
The location features the iconic Hot Light and can produce over 100 dozen doughnuts per hour. With this launch on August 19, Egypt becomes the 31st country to host Krispy Kreme outlets.
CEO Mike Tattersfield expressed excitement over expanding operations in Egypt, where Americana operates over 200 shops across the region since 2007.
Krispy Kreme is launching a campaign to encourage COVID-19 vaccinations by offering guests with valid vaccination cards two free doughnuts daily from
Krispy Kreme reported strong Q2 2021 financial results, with net revenue growth of 43% and organic growth of 23%. Total revenue reached $349.2 million, while Adjusted EBITDA grew 77.8% to $52.4 million. Despite a GAAP net loss of $15 million, Adjusted Net Income surged 254.1% to $20.5 million. The company highlighted the success of its omni-channel strategy and plans to maintain growth momentum.
Krispy Kreme, Inc. (NASDAQ:DNUT) will release its second quarter 2021 financial results after 4:00 PM EDT on August 17, 2021. The company will follow this with a conference call at 5:00 PM EDT to discuss the results. Interested parties can access the earnings press release and related materials on Krispy Kreme's investor relations website. The call will also feature a live audio webcast, with a replay and transcript available within 24 hours after the event.
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