Key PointsA significant money shift is coming into the financial markets today, sponsored by the FED itself.Within the noise, you can find out why stocks like Krispy Kreme could come out on top of market favoritism.Both analyst projections and market valuations suggest that this stock could soon rise on improved earnings.5 stocks we like better than Krispy KremeWarning: The deal you'll see in Krispy Kreme Inc. NASDAQ: DNUT is not for the impatient looking for a quick profit. If your portfolio needs a morale ...

Krispy Kreme Inc.’s stock DNUT, +1.99% fell slightly premarket Tuesday, after the doughnut maker missed profit estimates for the fourth quarter and offered guidance that lagged consensus. The company had net income of $1.9 million, or 2 cents a share, for the quarter, after a loss of $1.0 million, or 2 cents a share, in the year-earlier period. Adjusted per-share earnings came to 9 cents, below the 13 cent FactSet consensus. Revenue rose to $450.9 million from $404.6 million, ahead of the FactSet consensus ...

CHARLOTTE, N.C.--(BUSINESS WIRE)--Krispy Kreme, Inc. (NASDAQ: DNUT) (“Krispy Kreme”, “KKI”, or the “Company”) today reported financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter Highlights (vs Q4 2022) Net revenue grew 11.4% to $450.9 million Organic revenue grew 13.2% to $446.0 million GAAP net income of $1.9 million GAAP net income attributable to KKI of $2.6 million Adjusted EBITDA increased 14.7% to $64.1 million Adjusted EBITDA margins improved 40 ...

CHARLOTTE, N.C.--(BUSINESS WIRE)--Krispy Kreme, Inc. (NASDAQ: DNUT) today announced an exciting agreement to enter a joint venture with AmPm Comestíveis Ltda (AmPm) to bring one of the world’s most loved sweet treats to Brazil. Krispy Kreme® will offer its melt-in-your-mouth fresh doughnuts to Brazilian consumers through a network of Krispy Kreme shops and AmPm convenience stores. “ We are thrilled to share the joy that is Krispy Kreme in Brazil,” said Raphael Duvivier, Krispy Kreme, Chief Development Offi ...

CHARLOTTE, N.C.--(BUSINESS WIRE)--The Board of Directors of Krispy Kreme, Inc. (NASDAQ:DNUT) (“Krispy Kreme” or the “Company”), today announced a quarterly cash dividend of $0.035 per share of common stock, in accordance with the Company’s dividend policy. The dividend was declared today, February 8, 2024, and will be paid on May 8, 2024 to shareholders of record on April 24, 2024. About Krispy Kreme, Inc. Headquartered in Charlotte, N.C., Krispy Kreme is one of the most beloved and well-known sweet treat ...

CHARLOTTE, N.C.--(BUSINESS WIRE)--This Valentine’s Day, Krispy Kreme is filling the world with love by providing guests with four all-new heart-shaped doughnuts in a delightful custom “Dough-Notes” dozens box that can be personalized. Beginning today through Valentine’s Day, Krispy Kreme’s new Valentine’s Day Dough-Notes Collection is perfect for sharing love with family, friends, co-workers, neighbors, or anyone special in your life. New doughnut flavors include: You Color My World: Heart-shaped dough ...

Wondering if you should be selling your restaurant stocks in 2024? As we start the new year, market professionals look at the tea leaves and provide their outlook on how the rest of the year will unfold. According to Morgan Stanley, one of the growing concerns is a hard landing and a surprising recession due to signs of weakening from an elevated interest rate that has impacted consumer spending and a declining labor market throughout the year. This all means added risk to cyclical sectors that are highly a ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 1, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number: 001-40573 Krispy Kreme, Inc. (Exact name of registrant as specified in its ...

Financial Data and Key Metrics Changes - Net revenue grew 7.9% to $407.4 million driven by successful execution of marketing activations, pricing actions, and further expansion of the omnichannel approach globally [87] - Adjusted EBITDA increased 8.8% year-over-year, with margins expanding 30 basis points to 8.6% [37][115] - Diluted adjusted net income declined 3.6% year-over-year to $4.4 million, while adjusted EPS remained flat at $0.03 despite a 44% increase in net interest expense [10] Business Line Data and Key Metrics Changes - In the US segment, organic revenue grew 10.2% to $258.6 million, driven by effective premiumization opportunities and decreased discounting [88] - The International segment saw organic revenue increase by 8.2% year-over-year, with notable growth in Mexico, which accelerated both sequentially and year-over-year [11] - Digital orders now represent approximately 20% of consolidated retail sales, reflecting the company's focus on e-commerce and digital platforms [3] Market Data and Key Metrics Changes - The company added 522 points of access in the quarter, increasing total access points by 14% to 13,394 [6] - The average weekly sales per hub KPI was up 9% year-over-year to $4.8 million, contributing to improved US fresh margins [8] - The DFD (Delivery Fresh Daily) business grew over 20% in Q3, with half of the growth driven by points of access and half by pricing and premiumization [24] Company Strategy and Development Direction - The company aims to maximize global growth opportunities by expanding points of access and enhancing premium offerings [32][111] - Strategic investments are being made to support the growth of the US DFD network and to explore partnerships with quick service restaurants [33][96] - The company is exploring strategic alternatives for Insomnia Cookies to enhance growth trajectories and focus on its core strategy of fresh donut production and distribution [12][109] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the underlying demand for Krispy Kreme products, noting strong engagement with the brand even during traditionally low sales periods [112][131] - The fourth quarter is expected to be seasonally strong, with early indicators showing low double-digit organic sales growth [39] - Management remains focused on waste mitigation and improving labor efficiency to enhance profitability [37] Other Important Information - Capital expenditures are expected to be between 7% and 8% of full-year revenues, driven by strategic investments and foreign currency rates [13] - The company is on track to achieve a net leverage ratio between 2 times and 2.5 times by 2026 [12] Q&A Session Summary Question: What is the outlook for US margins and potential third-party delivery options? - Management indicated that they are constantly exploring different ways to improve margins and are currently focused on in-house logistics to maintain quality [40][123] Question: Can you provide insights on the expansion of production capacity in the US? - The company plans to increase hubs by 10% to 15%, which translates to about 25 to 35 new hubs over the next few years, with costs estimated between $3 million and $6 million per hub [21][22] Question: How is the DFD business performing in relation to the overall restaurant industry? - The DFD business is showing strong growth, with sales productivity maintaining on a unit basis, indicating no significant elasticity issues [133]

10.2% 8.2% 9.1% • Now in 37 countries, following expansion into Switzerland & Kazakhstan • Representing >500 additional targeted Points of Access Our third quarter results showed the strength of our team, business model, and the power of our brand. We delivered growth on both the top- and bottom-line, while delivering Adjusted EBITDA margin expansion through our hub and spoke model. Our global expansion continued, and our doughnuts became available in two new markets, Switzerland and Kazakhstan, and Insomni ...