Krispy Kreme Reports Third Quarter 2024 Financial Results
Krispy Kreme, Inc. (DNUT)
Company Research
Source: Business Wire
Third quarter Net Revenue of $379.9 million, Organic Revenue increases 3.5% CHARLOTTE, N.C.--(BUSINESS WIRE)--Krispy Kreme, Inc. (NASDAQ: DNUT) (“Krispy Kreme”, “KKI”, or the “Company”) today reported financial results for the quarter ended September 29, 2024.Third Quarter Highlights (vs Q3 2023)Net revenue of $379.9 millionOrganic revenue grew 3.5% to $376.4 millionGAAP net income of $37.6 million, linked to the sale of a majority ownership stake of Insomnia Cookies ($39.6 million net income attributable to KKI)Adjusted EBITDA of $34.7 millionGAAP operating cash flow of $3.3 millionGlobal Points of Access (“POA”) increased 2,417, or 18.0%, to 15,811“Krispy Kreme delivered a seventeenth consecutive quarter of year-over-year organic sales growth driven by increased Delivered Fresh Daily and digital sales,” said Josh Charlesworth, CEO.“Consumers ask us every day, ‘When can you bring Krispy Kreme to my town?’ hence our strategy of making our fresh doughnuts more available around the w
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- Krispy Kreme, Inc. (NASDAQ: DNUT) had its price target lowered by analysts at JPMorgan Chase & Co. from $14.00 to $13.00. They now have an "overweight" rating on the stock.MarketBeat
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DNUT
Earnings
- 11/7/24 - Beat
DNUT
Sec Filings
- 11/14/24 - Form SCHEDULE
- 11/13/24 - Form 8-K
- 11/8/24 - Form 10-Q
- DNUT's page on the SEC website