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Stock impact report

Krispy Kreme Reports First Quarter 2024 Financial Results and Reaffirms Full Year 2024 Guidance [Yahoo! Finance]

Krispy Kreme, Inc. (DNUT) 
Company Research Source: Yahoo! Finance
CHARLOTTE, N.C., May 09, 2024 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 million Organic revenue grew 6.7% to $440.9 million GAAP net loss of $6.7 million GAAP net loss attributable to KKI of $8.5 million Adjusted EBITDA grew 5.9% to $58.2 million Global 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," continued Charlesworth. "We are modernizing how we make and move doughnuts to ensure high quality, profitable g Show less Read more
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