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Krispy Kreme Reports Third Quarter 2024 Financial Results [Yahoo! Finance]

Krispy Kreme, Inc. (DNUT) 
Company Research Source: Yahoo! Finance
CHARLOTTE, N.C., November 07, 2024 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 million Organic revenue grew 3.5% to $376.4 million GAAP 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 million GAAP operating cash flow of $3.3 million Global 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 world. The successful start of our Show less Read more
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