Krispy Kreme (DNUT)

[winston]

not vested

Krispy Kreme Doughnuts, Inc., together with its subsidiaries, operates as a branded retailer and wholesaler of doughnuts, beverages, and treats and packaged sweets worldwide.

It owns and franchises Krispy Kreme stores.

As of December 12, 2013, the company operated approximately 810 stores worldwide.

It also produces doughnut mixes and doughnut-making equipment.

The company was founded in 1937 and is headquartered in Winston-Salem, North Carolina.

http://todaysbigstock.com/2014/01/21/kr ... -nyse-kkd/

[winston]

not vested

KKD Stock: Is Krispy Kreme a Threat to Starbucks?

Krispy Kreme is getting serious about coffee, and that could mean big things for KKD stock

By Brian Nichols

Source: Investor Place

http://investorplace.com/2015/12/krispy ... nyrwRV96M8

[winston]

not vested

First-Quarter Results

Pretty bad result overall; while revenues were in line with expectations at US$443m, statutory losses exploded to US$0.05 per share.

No major change to the consensus price target of US$16.67,

Source: Simply Wall St

https://finance.yahoo.com/news/earnings ... eU0A--%7EA

[winston]

not vested

Krispy Kreme swings to loss in Q1 2024 despite rise in revenue

Reported a net loss of $6.7m for the first quarter (Q1) of 2024 compared to a net income of $1.6m in Q1 2023.

Net revenues grew 5.7% to $442.7m from $419m in the quarter.

The US market contributed $296m to the total revenues, up 5.2% from $281.3m reported in Q1 2023.

We’re excited about our recently announced agreement with McDonald’s, which is expected to [have] more than 12,000 new points of access in the US by the end of 2026.

Source: Global Data

https://finance.yahoo.com/news/krispy-k ... 08419.html

[winston]

not vested

Krispy Kreme Doesn't Expect McDonald's Expansion to Cannibalize Sales

By Dean Seal

The company is currently pegging incremental gains from the McDonald's launch, set for 2H, at about 85%.

Selling Krispy Kreme's doughnuts at McDonald's gives the company inroads into new markets, particularly Boston and Minneapolis, along with current markets where the company's doughnuts aren't as widely available, including Philadelphia.

Source: Dow Jones Newswires

https://www.barrons.com/livecoverage/st ... eid=yhoof2

[winston]

vested

Krispy Kreme's Stock Undervalued Despite McDonald's Revenue Potential, Truist Says

The changes come after Truist analysts traveled with the donut shop's chief executive and chief financial officers last week to visit institutional clients.

Investors seem to be undervaluing the potential of Krispy Kreme's multiyear national partnership with McDonald's that was announced in March.

Krispy Kreme will begin supplying fresh doughnuts daily at McDonald's US locations in a phased rollout set to begin in the second half of 2024. Its donuts are expected to be in all 12,000 of the fast-food chain's US stores by the end of 2026.

Krispy Kreme estimates the deal will be 80% incremental to its existing footprint and will generate roughly $320 million in annual revenue at about $500 of sales per week per McDonald's restaurant in the first full year post rollout, according to Truist. That equates to increases of about 28% and 19% over the company's 2023 US and total sales, respectively.

Even if Krispy Kreme only generates 50% to 75% incrementality post rollout, the company will still achieve 17% to 25% additional revenue off the trailing 12 months US revenue base and 11% to 16% off total company sales.

Source: MT Newswires

https://finance.yahoo.com/news/krispy-k ... 00947.html

[winston]

vested

Krispy Kreme (NASDAQ:DNUT) Beats Q2 Sales Targets, Guides For Strong Full-Year Sales

by Kayode Omotosho

Revenue up 7.3% year on year to $438.8 million.

It made a non-GAAP profit of $0.05 per share, down from its profit of $0.07 per share in the same quarter last year.

Source: Stock Story

https://finance.yahoo.com/news/krispy-k ... 34165.html

[winston]

vested

Krispy Kreme (NASDAQ:DNUT) Third Quarter 2024 Results

Key Financial Results
Revenue: US$379.9m (down 6.8% from 3Q 2023).
Net income: US$39.6m (up from US$40.5m loss in 3Q 2023).
Profit margin: 10% (up from net loss in 3Q 2023).
EPS: US$0.23 (up from US$0.24 loss in 3Q 2023).

Source: Simply Wall Street

https://finance.yahoo.com/news/krispy-k ... 41514.html

[winston]

vested

Donut chain Krispy Kreme unveils disappointing guidance, sending shares tumbling

Revenue in the fourth quarter sank by 10% versus the year-ago period to $404 million.

Adjusted core income also slumped by 28% year-on-year to $45.9 million in the three months ended on December 29, missing forecasts of $58.7 million.

Sale of a majority ownership stake in bakery firm Insomnia Cookies in the third quarter led to a $101 million impact on Krispy Kreme's returns.

Source: Investing.com

https://finance.yahoo.com/news/donut-ch ... 53642.html

[winston]

vested

Krispy Kreme stock tumbles to all-time low as doughnut maker softens outlook

by Brooke DiPalma

Net revenue fell 10.4% in the quarter to $404 million as the sale of its majority stake in Insomnia Cookies created a $101 million revenue hit while a cybersecurity incident had an $11 million impact.

For fiscal 2025, the company expects revenue growth to increase between 5% and 7%, below the Street's estimate.

However, the company expects to continue to incur costs related to the cybersecurity incident as it pays fees to cybersecurity experts and advisers.

Looks to expand its points of distribution in the US — and overall business — with US partners such as McDonald's (MCD), Walmart (WMT), Target (TGT), Kroger (KR), and now Costco (COST).

Sales per hub (where fresh doughnuts are made) remained flat year-over-year in the US.

There are currently seven Buy ratings, five Holds, and zero Sell ratings.

The company expanded its partnership with McDonald's to the New York market, beginning Tuesday. By the end of 2026, Krispy Kreme plans to roll out its doughnuts to 12,000 McDonald's locations.

Source: Yahoo Finance

https://finance.yahoo.com/news/krispy-k ... 15943.html