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 ...

Krispy Kreme, Inc. (NASDAQ:DNUT) Q3 2023 Earnings Conference Call November 9, 2023 8:30 AM ET Company Participants Stephanie Daukus - Vice President of Investor Relations Mike Tattersfield - President & Chief Executive Officer Josh Charlesworth - Global President & Chief Operating Officer Jeremiah Ashukian - Chief Financial Officer Conference Call Participants John Ivankoe - JPMorgan Sara Senatore - Bank of America Brian Mullan - Piper Sandler Andrew Wolf - C.L. King Bill Chappell - Truist Operator Thank yo ...

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 ...

Financial Data and Key Metrics Changes - The company reported a 9% increase in net revenue year-over-year, reaching $409 million, with organic revenue growth of 11.4% driven by pricing, premium specialty doughnuts, and DFD expansion [78][64] - Adjusted EBITDA for the quarter was $49 million, reflecting a 3.1% increase, with adjusted EBITDA margins at 12% [63][44] - Adjusted net income decreased by 13.1% to $11.4 million, with adjusted diluted EPS at $0.7 [44] Business Line Data and Key Metrics Changes - The U.S. business segment saw total revenue increase by 9.3% to $267 million, with organic revenue growth of 12.7% driven by pricing and DFD expansion [64] - Insomnia Cookies opened 23 new bakeries over the trailing four quarters, contributing to strong revenue growth [64] - Adjusted EBITDA for the U.S. segment increased by 16% to $28.1 million, with margin expansion of 60 basis points year-over-year to 10.5% [45] Market Data and Key Metrics Changes - Global points of access grew nearly 13% year-over-year, reaching 12,872, with a goal of 75,000 points of access in the long term [37] - The international segment's total revenue increased by 4.8% to $98.3 million, with organic revenue growth of 3.5% driven by pricing and points of access growth [79] - Market development adjusted EBITDA increased by 27.3% to $15.7 million, despite a negative impact from foreign exchange headwinds [46] Company Strategy and Development Direction - The company is focused on expanding its hub-and-spoke model and DFD capabilities, with plans to add 30 to 40 new Insomnia Cookies bakeries and 10 company-built hubs in 2023 [38][81] - The strategic priority includes capital-light expansion of the Omni-channel model and growing points of access [39] - The company aims to leverage learnings from its partnership with McDonald's to expand its QSR channel both in the U.S. and internationally [24][55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the 2023 outlook and long-term targets, including growing revenue to $2.15 billion and adjusted EBITDA to $315 million by 2026 [39] - The company anticipates easing inflation in the back half of the year, which may positively impact pricing strategies [78] - Management highlighted the importance of adapting to changing consumer preferences and maintaining strong customer satisfaction despite operational disruptions [71] Other Important Information - The company has successfully refinanced its debt, extending maturities to 2028, and is reducing reliance on vendor financing [65] - The company celebrated National Doughnut Day, generating over 3 billion social media impressions, which underscores the brand's marketing strength [57] Q&A Session Summary Question: Can you quantify the impact of the POS disruption on revenue or EBITDA? - Management noted that while the disruption impacted promotional activities and labor management, they are currently in the midst of an insurance recovery and do not want to quantify the impact at this time [71][112] Question: What lessons can be taken from the UK loyalty programs for the U.S.? - Management indicated that the UK loyalty programs have been successful and they are looking to improve the U.S. loyalty program, which currently has 15.5 million members globally [86][87] Question: How is the Insomnia Cookies business performing and what is the competitive environment like? - Management stated that Insomnia Cookies is ramping up with plans to open more locations and sees a unique opportunity in the gifting and snacking market [98] Question: What is needed to drive faster growth in the international segment? - Management highlighted the introduction of new products and loyalty programs as key strategies to enhance performance in international markets [107]

SECOND QUARTER . . . . . . . - - Cautionary Note Regarding Forward-Looking Statements This presentation includes certain non-GAAP financial measures including organic revenue growth, Adjusted EBITDA, Adjusted Net Income, Adjusted Diluted EPS, Fresh Revenue from Hubs with Spokes and Sales per Hub, which differ from results using U.S. Generally Accepted Accounting Principles ("GAAP"). These non-GAAP financial measures are not universally consistent calculations, limiting their usefulness as comparative measur ...