Krispy Kreme takes majority stake in franchisee Krispy K Canada [MarketWatch]
Krispy Kreme, Inc. (DNUT)
Company Research
Source: MarketWatch
Krispy Kreme Inc. said Thursday that it has taken a 75% stake in Krispy K Canada, a franchisee and operator. Details of the transaction weren't disclosed, but it's expected to be completed in the fourth quarter. Krispy K revenue, which is currently reported in the market development segment, will move to Krispy Kreme's U.S. and Canada reporting segment. Christopher Lindsay and Kelcey Hamaker will stay on as co-chief executives. Krispy Kreme shares rose 1.4% in Thursday premarket trading, and have tumbled 17% over the past month. Shares began trading on July 1. The Renaissance IPO ETF has slipped 1% for the year to date while the S&P 500 index has gained 16.1% for the period.
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- Krispy Kreme, Inc. to Announce First Quarter 2024 Results on May 9, 2024 [Yahoo! Finance]Yahoo! Finance
- Krispy Kreme, Inc. to Announce First Quarter 2024 Results on May 9, 2024Business Wire
- 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
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- 2/13/24 - In-Line
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- 4/24/24 - Form ARS
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form DEF
- DNUT's page on the SEC website