Krispy Kreme Inc

DNUT

Equity

ISIN US50101L1061 / Valor 111960771

NASDAQ (2024-11-22)

USD 11.15+1.00%

Krispy Kreme Inc
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About company

Krispy Kreme Inc is a global doughnut and coffeehouse chain that specializes in producing and selling a variety of doughnuts, beverages, and other baked goods.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Net Revenue Growth

Krispy Kreme Inc. reported a net revenue growth of 5.7% for the first quarter of 2024, reaching $442.7 million compared to $419.0 million in the same quarter of the previous year. This growth was driven by increased digital sales and strong consumer demand, particularly highlighted by record-setting sales during Valentine’s Day.

Organic Revenue Increase

For the first quarter of 2024, Krispy Kreme Inc. saw an organic revenue increase of 6.7%, amounting to $440.9 million. This growth was supported by a 19.4% increase in Global Points of Access, which rose to 14,814, and successful global brand activations.

GAAP Net Loss

Krispy Kreme Inc. reported a GAAP net loss of $6.7 million for the first quarter of 2024, a significant decline from the net income of $1.6 million reported in the same quarter of the previous year. The GAAP net loss attributable to Krispy Kreme Inc. was $8.5 million.

Adjusted EBITDA Growth

In the first quarter of 2024, Krispy Kreme Inc. achieved an adjusted EBITDA growth of 5.9%, reaching $58.2 million. The adjusted EBITDA margin remained flat at 13.1%, indicating stable profitability despite increased investments in global expansion.

Full Year 2024 Guidance

Krispy Kreme Inc. reaffirmed its full-year 2024 guidance, projecting net revenue growth of 5% to 7% and organic revenue growth of 6% to 8%. The company also expects adjusted EBITDA growth of 8% to 11% and adjusted diluted EPS in the range of $0.27 to $0.31.

Summarized from source with an LLMView Source

Key figures

-14.2%1Y

-20.6%3Y

%5Y

Performance

52.5%1Y

46.8%3Y

48.5%5Y

Volatility