Krispy Kreme Reports Robust Third Quarter 2021 Results, with Strong Momentum into Q4
Krispy Kreme, Inc. (DNUT)
Company Research
Source: Business Wire
Company Reaffirms Full Year 2021 Guidance and Long-Term Outlook2022 Expected to Exceed Long-Term Outlook CHARLOTTE, N.C.--(BUSINESS WIRE)--Krispy Kreme, Inc. (NASDAQ: DNUT) (“Krispy Kreme” or the “Company”) today reported strong financial results for the third quarter ended October 3, 2021 with net revenue growing 18% year-over-year. Organic growth, excluding the now fully exited legacy wholesale business, was 14% year-over-year and 22% on a two-year basis. Including the exited business, organic growth was 6% year-over-year, in line with company expectations after lapping a strong third quarter in 2020.Growth was driven by the performance and expansion of Krispy Kreme’s signature capital-efficient hub and spoke operating model. Global Points of Access, which reflect all locations where fresh doughnuts and cookies can be purchased, have grown 46% year-over-year, providing customers access to Krispy Kreme in more than 10,000 locations around the world. International Sales per Hub hav
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News
- KRISPY KREME® Giving Guests a Sweet Tax Break on Tax Day, April 15Business Wire
- Take a Bite, Take a Break with KRISPY KREME® and KIT KAT®Business Wire
- Krispy Kreme, Inc. (NASDAQ: DNUT) had its price target raised by analysts at Bank of America Co. from $16.00 to $19.00. They now have a "buy" rating on the stock.MarketBeat
- Krispy Kreme, Inc. (NASDAQ: DNUT) was upgraded by analysts at Piper Sandler from a "neutral" rating to an "overweight" rating. They now have a $20.00 price target on the stock, up previously from $14.00.MarketBeat
- KRISPY KREME® Introduces Total Solar Eclipse Doughnut featuring OREO® Cookie and Pieces, Available April 5-8Business Wire
DNUT
Earnings
- 2/13/24 - In-Line
DNUT
Sec Filings
- 4/12/24 - Form 4
- 4/12/24 - Form 4
- 4/12/24 - Form 4
- DNUT's page on the SEC website