Krispy Kreme Reports First Quarter 2024 Financial Results and Reaffirms Full Year 2024 Guidance
Krispy Kreme, Inc. (DNUT)
Company Research
Source: Business Wire
First quarter Net Revenue grows 5.7%, Organic Revenue increases 6.7%Delivered Fresh Daily expansion to accelerate with McDonald’s nationwide rollout CHARLOTTE, N.C.--(BUSINESS WIRE)--Krispy Kreme, Inc. (NASDAQ: DNUT) (“Krispy Kreme”, “KKI”, or the “Company”) today reported financial results for the quarter ended March 31, 2024.First Quarter Highlights (vs Q1 2023)Net revenue grew 5.7% to $442.7 millionOrganic revenue grew 6.7% to $440.9 millionGAAP net loss of $6.7 millionGAAP net loss attributable to KKI of $8.5 millionAdjusted EBITDA grew 5.9% to $58.2 millionGlobal Points of Access increased 2,404, or 19.4% to 14,814“First-quarter results exceeded our expectations, driven by increased digital sales and strong consumer demand, highlighted by a record setting Valentine’s Day with specialty doughnuts available in 33 countries around the world,” said Josh Charlesworth, CEO.“Our strategy of making fresh Krispy Kreme doughnuts more available globally is providing impressive results,”
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News
- KRISPY KREME®, Global Superstar Dolly Parton Partner for All-New ‘Southern Sweets’ Doughnut CollectionBusiness Wire
- Interpreting Krispy Kreme (DNUT) International Revenue Trends [Yahoo! Finance]Yahoo! Finance
- Krispy Kreme, Inc. (NASDAQ:DNUT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Here's What Key Metrics Tell Us About Krispy Kreme (DNUT) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- Krispy Kreme Reports First Quarter 2024 Financial Results and Reaffirms Full Year 2024 Guidance [Yahoo! Finance]Yahoo! Finance
DNUT
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- 5/9/24 - Beat
DNUT
Sec Filings
- 5/9/24 - Form 10-Q
- 5/9/24 - Form 8-K
- 5/2/24 - Form 4
- DNUT's page on the SEC website