EXHIBIT 99.1 Krispy Kreme reports third quarter 2024 financial results Third quarter Net Revenue of $379.9 million, Organic Revenue increases 3.5% CHARLOTTE, NC (November 7, 2024) – Krispy Kreme, Inc. (NASDAQ: DNUT) ("Krispy Kreme", "KKI", or the "Company") today reported financial results for the quarter ended September 29, 2024. Third Quarter Highlights (vs Q3 2023) • Net revenue of $379.9 million • Organic revenue grew 3.5% to $376.4 million • GAAP net income of $37.6 million, linked to the sale of a maj ...

Wall Street analysts expect Krispy Kreme (DNUT) to post break-even quarterly earnings per share in its upcoming report, which indicates a year-over-year decline of 100%. Revenues are expected to be $378.99 million, down 7% from the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Prior to a company's earnings announcement, it is crucial ...

leezsnow/iStock Unreleased via Getty Images Krispy Kreme, Inc. (NASDAQ:DNUT), the well-recognized donut producer, is continuing on the company's strategic expansion path to 100 thousand access points with geographical expansion and the rollout with McDonalds (MCD) in the United States. The company's recently reported Q2 results came in nearly in line with expectations, continuing the long-term growth story well ahead of accelerated incoming growth. In my previous article, "Krispy Kreme Partners With McDonal ...

Have you assessed how the international operations of Krispy Kreme (DNUT) performed in the quarter ended June 2024? For this doughnut wholesaler and retailer, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects. In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Investor ...

Financial Performance - Net revenues for the quarter ended June 30, 2024, were $438.8 million, a 7.3% increase compared to $408.9 million in the same quarter of 2023[91] - Adjusted EBITDA for the quarter ended June 30, 2024, was $54.7 million, a 12.1% increase compared to $48.8 million in the same quarter of 2023[91] - Adjusted Net Income, Diluted for the quarter ended June 30, 2024, was $9.1 million, a 20.1% decrease compared to $11.4 million in the same quarter of 2023[91] - Adjusted EBITDA for the quarter ended June 30, 2024, was $54.7 million, up from $48.8 million in the same period last year[113] - Adjusted Net Income, Diluted for the quarter ended June 30, 2024, was $9.1 million, compared to $11.4 million in the prior year[115] - Adjusted EPS (Diluted) for the quarter ended June 30, 2024, was $0.05, down from $0.07 in the prior year[115] - Total net revenues for the quarter ended June 30, 2024, increased by $29.9 million (7.3%) compared to the same period in 2023[121] - Organic revenue growth for the quarter ended June 30, 2024, was $32.0 million (7.8%)[123] - U.S. segment net revenue grew by $21.9 million (8.2%) and organic revenue increased by $22.5 million (8.4%) from Q2 2023 to Q2 2024[124] - International segment net revenue grew by $4.7 million (3.9%) despite a $1.4 million foreign currency translation impact[125] - Market Development segment net revenue and organic revenue increased by $3.4 million (16.1%) from Q2 2023 to Q2 2024[125] - Total net revenues grew by $53.7 million (6.5%) and organic revenue grew by $59.6 million (7.2%) in the first two quarters of fiscal 2024[139] - U.S. segment net revenue grew by $36.5 million (6.6%) and organic revenue increased by $42.8 million (7.9%) in the first two quarters of fiscal 2024[140] - International segment net revenue grew by $17.4 million (7.5%) and organic revenue grew by $17.0 million (7.3%) in the first two quarters of fiscal 2024[141] Operational Metrics - Global Points of Access increased by 1,039 in Q2 2024, reaching a total of 15,853, driven by the addition of 993 DFD Doors globally[93] - U.S. segment organic revenue growth was 8.4% in Q2 2024, with Sales per Hub increasing by 6.4% to $5.0 million[93] - The U.S. segment's trailing four quarters Sales per Hub increased by 6.4% to $5.0 million in Q2 2024[93] - Total Hubs increased to 419 as of June 30, 2024, up from 405 in the previous year, with U.S. Hubs growing to 227 from 225[105] - International Hubs grew to 51 from 49, with all International Hubs having Spokes[105] - Market Development Hubs increased to 141 from 131, driven by growth in Hot Light Theater Shops and Doughnut Factories[105] - Sales per Hub in the U.S. reached $5.0 million, up from $4.9 million in fiscal year 2023 and $4.5 million in fiscal year 2022[118] - International Sales per Hub reached $10.1 million, up from $10.0 million in fiscal year 2023 and $9.7 million in fiscal year 2022[118] Digital and Sales Channels - Digital channel sales accounted for 22.2% of Doughnut Shop and Cookie Bakery sales in Q2 2024, up from 18.8% in the same quarter of 2023[97] Expansion and Partnerships - The company plans to open in 3 to 5 new countries in fiscal 2024, focusing on Western Europe, Asia, and South America[95] - The partnership with McDonald's is expected to phase a U.S. national rollout from Q4 2024 through the end of fiscal 2026[94] - The company added 44 new shops globally in Q2 2024, including 34 Fresh Shops and 9 Insomnia Cookie Bakeries[103] Costs and Expenses - Product and distribution costs decreased by $3.3 million (2.9%) from Q2 2023 to Q2 2024, with a 260 basis point decrease as a percentage of revenue[126] - Operating expenses increased by $23.3 million (12.3%) from Q2 2023 to Q2 2024, with a 210 basis point increase as a percentage of revenue[127] - Marketing expenses increased by $2.6 million (27.1%) from Q2 2023 to Q2 2024, driven by higher promotional activity costs[129] - Depreciation and amortization expense increased by $5.4 million (18.5%) from Q2 2023 to Q2 2024, driven by higher capital spend and assets supporting the Hub and Spoke model[131] - Interest expense, net increased by $2.4 million (19.8%) from Q2 2023 to Q2 2024, primarily due to higher outstanding debt and benchmark interest rates[131] - Product and distribution costs decreased by $14.1 million (6.1%) with a 330 basis point reduction as a percentage of revenue in the first two quarters of fiscal 2024[142] - Operating expenses increased by $37.1 million (9.8%) with a 140 basis point increase as a percentage of revenue in the first two quarters of fiscal 2024[143] - Depreciation and amortization expense increased by $11.1 million (19.3%) from the first two quarters of fiscal 2023 to the first two quarters of fiscal 2024, driven by higher capital spend and assets placed into service to support the Hub and Spoke model evolution[146] - Interest expense, net increased by $4.1 million (17.2%) from the first two quarters of fiscal 2023 to the first two quarters of fiscal 2024, primarily due to increases in outstanding debt and benchmark interest rates[146] Segment Performance - U.S. segment Adjusted EBITDA increased by $4.6 million (16.3%) with margin expansion of 80 basis points to 11.3% in Q2 2024[133] - International segment Adjusted EBITDA decreased by $3.0 million (12.3%) with margin decline of 320 basis points to 17.3% in Q2 2024[133] - Market Development segment Adjusted EBITDA increased by $2.4 million (22.7%) with margin expansion of 280 basis points to 53.1% in Q2 2024[135] - U.S. segment Adjusted EBITDA increased by $8.7 million (13.0%) with margin expansion of 80 basis points to 12.9% in the first two quarters of fiscal 2024 compared to the first two quarters of fiscal 2023[148] - International segment Adjusted EBITDA decreased by $1.5 million (3.4%) with margin decline of 190 basis points to 16.9% in the first two quarters of fiscal 2024 compared to the first two quarters of fiscal 2023[148] - Market Development segment Adjusted EBITDA increased by $2.7 million (12.4%) with margin expansion of 620 basis points to 53.6% in the first two quarters of fiscal 2024 compared to the first two quarters of fiscal 2023[149] - Corporate expenses within Adjusted EBITDA increased by $0.7 million (2.5%) from the first two quarters of fiscal 2023 to the first two quarters of fiscal 2024 primarily due to higher share-based compensation expense and investments in strategic initiatives[151] Cash Flow and Capital Expenditures - The company had cash and cash equivalents of $28.6 million as of June 30, 2024, compared to $38.2 million as of December 31, 2023[155] - Cash provided by operations totaled $15.5 million for the first two quarters of fiscal 2024, a decrease of $30.7 million compared with the first two quarters of fiscal 2023[158] - Cash used for investing activities totaled $65.2 million for the first two quarters of fiscal 2024, an increase of $21.1 million compared with the first two quarters of fiscal 2023[159] - The company expects capital expenditures to be between 7% and 8% of revenues in fiscal 2024 as it continues to deploy the capital-efficient Hub and Spoke model globally[160] Risk Management - The company is exposed to commodity price fluctuations, particularly in the cost of ingredients like flour, sugar, and shortening, and has implemented strategies such as rapid inventory turnover and forward contracts to manage inflationary pressures[173][174] - The company has entered into interest rate swaps on $200.0 million of its $912.0 million outstanding debt to mitigate interest rate risk, with a 100 basis point change in SOFR impacting interest expense by $7.1 million annually[175] - Foreign currency translation risk affects approximately 28% of the company's total net revenues, with a 10% change in exchange rates potentially impacting revenues by $25.0 million[176] - The company has increased its hedged debt ratio by entering into additional interest rate swap agreements with a notional amount of $250.0 million after June 30, 2024[175] - The company's subsidiaries with functional currencies other than the U.S. dollar generated approximately $250.0 million in revenues through the first two quarters of 2024[176] Strategic Initiatives - Strategic initiatives and new market penetration expenses totaled $4.2 million and $572 thousand, respectively, for the quarter ended June 30, 2024[113] - Share-based compensation increased to $7.6 million for the quarter ended June 30, 2024, up from $4.8 million in the prior year[113] - Acquisition and integration expenses were $851 thousand for the quarter ended June 30, 2024, compared to $339 thousand in the same period last year[113] - Organic revenue growth excludes acquisitions, foreign currency impacts, and shop closures, focusing on internal expansion efforts[109]

Financial Data and Key Metrics Changes - Organic revenue grew by 7.8% in Q2 2024, with adjusted EBITDA increasing by 12.1%, resulting in an adjusted EBITDA margin expansion of 60 basis points to 12.5% [12][16] - The U.S. segment saw organic revenue growth of 8.4%, with points of access growth of 17.8% year over year [12] - Adjusted EBITDA in the U.S. segment grew by 16.4% to $32.7 million, with margins improving by 80 basis points year over year to 11.3% [13] Business Line Data and Key Metrics Changes - Deliver fresh daily sales increased by 18% globally and 22% in the U.S. [7] - Average revenue per door in the U.S. increased to $657, driven by price and specialty donut collections [12] - Organic revenue in the market development segment grew by 16.1%, with adjusted EBITDA in this segment growing by 22.7% [14] Market Data and Key Metrics Changes - International markets, particularly Canada and Japan, showed organic revenue growth of 5% [13] - The UK market faced challenges, with adjusted EBITDA declining by 12.3%, leading to a margin of 17.3% [14] - The company is focused on improving results in the UK, where performance has not met expectations [14] Company Strategy and Development Direction - The company aims to expand fresh donut availability by increasing points of access, targeting 33,000 by the end of 2026 [5][8] - The recent sale of Insomnia Cookies allows the company to focus on its core strategy of producing and distributing fresh donuts daily [6] - The partnership with McDonald's is expected to significantly enhance distribution, with plans to serve fresh donuts in over 1,000 McDonald's restaurants by the end of 2024 [10][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to execute throughout the remainder of 2024, particularly during the high season starting in September [17][18] - The company is adapting to changing consumer dynamics and is focused on improving profitability in the UK market [27][31] - Management highlighted the importance of leveraging existing capacity and making selective investments in geographies with limited access to Krispy Kreme [18] Other Important Information - The company expects full-year organic revenue growth of 5% to 7%, with net revenue guidance of $1.65 billion to $1.685 billion [16] - Cash flow from operations in Q2 was $33 million, contributing to a year-to-date total of $15.5 million [15] - The company anticipates a leverage ratio trending towards 3.5 times by year-end, aiming for a long-term goal of 2.0 to 2.5 times by the end of 2026 [15] Q&A Session Summary Question: Update on McDonald's rollout and operating expenses - Management confirmed that the McDonald's partnership is on track, with a rollout plan to expand into over 1,000 locations by the end of 2024, and ongoing investments to ensure smooth operations [20][21] Question: Nationwide rollout with Walmart and Target - Management indicated that the expansion with Walmart and Target is a significant opportunity, with plans to increase access through these major retailers while still utilizing convenience stores [24][25] Question: UK market performance and regulatory challenges - Management acknowledged challenges in the UK market but noted that most international markets are performing well, with efforts underway to adapt to local conditions and improve profitability [27][31] Question: Hiring needs for U.S. expansion - Management stated that while some hiring will be necessary, the existing employee base can handle most of the expansion, focusing on optimizing delivery routes and production capabilities [32][33] Question: Chicago as the next city for McDonald's rollout - Management explained that Chicago was chosen due to existing hub capacity and proximity to McDonald's headquarters, allowing for a strong start to the partnership [35]

Krispy Kreme (DNUT) reported $438.81 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 7.3%. EPS of $0.05 for the same period compares to $0.07 a year ago. The reported revenue represents a surprise of +0.64% over the Zacks Consensus Estimate of $436.03 million. With the consensus EPS estimate being $0.05, the company has not delivered EPS surprise. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expecta ...

Krispy Kreme (DNUT) came out with quarterly earnings of $0.05 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this doughnut wholesaler and retailer would post earnings of $0.07 per share when it actually produced earnings of $0.07, delivering no surprise. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Krispy Kre ...

EXHIBIT 99.1 Krispy Kreme reports second quarter 2024 financial results Second quarter Net Revenue grows 7.3%, Organic Revenue increases 7.8% Updated 2024 guidance reflects sale of majority stake in Insomnia Cookies CHARLOTTE, NC (August 8, 2024) – Krispy Kreme, Inc. (NASDAQ: DNUT) ("Krispy Kreme", "KKI", or the "Company") today reported financial results for the quarter ended June 30, 2024. Second Quarter Highlights (vs Q2 2023) • Net revenue grew 7.3% to $438.8 million • Organic revenue grew 7.8% to $440. ...

Analysts on Wall Street project that Krispy Kreme (DNUT) will announce quarterly earnings of $0.05 per share in its forthcoming report, representing a decline of 28.6% year over year. Revenues are projected to reach $436.84 million, increasing 6.8% from the same quarter last year. The consensus EPS estimate for the quarter has been revised 150% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this ...