Krispy Kreme, Inc., together with its subsidiaries, operates as a branded retailer and wholesaler of doughnuts, coffee and other complementary beverages, and treats and packaged sweets. The company operates through four segments: Company Stores, Domestic Franchise, International Franchise, and KK Supply Chain. It owns and franchises Krispy Kreme stores. As of August 01, 2018, the company operated approximately 1,400 retail shops in 32 countries. It also produces doughnut mixes and doughnut-making equipment. Krispy Kreme, Inc. was formerly known as Krispy Kreme Doughnuts, Inc. and changed its name to Krispy Kreme, Inc. in May 2021. The company was founded in 1937 and is headquartered in Winston-Salem, North Carolina. Krispy Kreme, Inc. operates as a subsidiary of Pret Panera I G.P.
IPO Year: 2021
Exchange: NASDAQ
Website: krispykreme.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/5/2024 | $14.00 | Equal-Weight | Morgan Stanley |
| 8/27/2024 | $13.00 | In-line | Evercore ISI |
| 7/23/2024 | $14.00 | Hold → Buy | HSBC Securities |
| 6/10/2024 | $13.00 → $15.00 | Hold → Buy | Truist |
| 6/3/2024 | $14.00 | Overweight | JP Morgan |
| 4/5/2024 | $14.00 → $20.00 | Neutral → Overweight | Piper Sandler |
| 1/22/2024 | $16.00 | Equal Weight | CapitalOne |
| 11/20/2023 | $13.00 | Overweight → Neutral | JP Morgan |
| 10/30/2023 | $20.00 → $13.00 | Buy → Hold | Truist |
| 6/14/2023 | $16.00 | Neutral | Piper Sandler |
SCHEDULE 13G/A - Krispy Kreme, Inc. (0001857154) (Subject)
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8-K - Krispy Kreme, Inc. (0001857154) (Filer)
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As part of a global campaign to invite and inspire people to spread kindness on World Kindness Day, Krispy Kreme® today announced that the first 500 guests who visit each participating shop across the U.S. Nov. 13 can receive a dozen Original Glazed® Doughnuts for FREE to enjoy and share with others – no purchase necessary. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241111670855/en/The first 500 guests who visit each participating shop across the U.S. Nov. 13 can receive a dozen Original Glazed® Doughnuts for FREE to enjoy and share with others – no purchase necessary. (Photo: Business Wire) "World Kindness Day is a reminder
Third quarter Net Revenue of $379.9 million, Organic Revenue increases 3.5% 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 qu
Four new doughnuts inspired by favorite Thanksgiving pies available beginning Nov. 7 Krispy Kreme® is making sharing gratitude "easy as pies" this Thanksgiving season with the introduction of four all-new doughnuts that puts a new, sweet spin on holiday tradition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241107002493/en/Four new doughnuts inspired by favorite Thanksgiving pies available beginning Nov. 7 (Photo: Business Wire) Krispy Kreme's sweet and sharable Thanksgiving Pies Doughnut Collection features fruity, crumbly, silky ‘n sweet treats inspired by the holiday's favorite pies, available beginning Nov. 7 through Than
‘Doughmocracy' celebration also includes I Voted stickers Krispy Kreme® is sweetening Election Day next Tuesday, Nov. 5, by offering all guests a FREE Original Glazed® doughnut at participating U.S. shops. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241030721581/en/Krispy Kreme's ‘Doughmocracy' celebration also includes I Voted stickers. (Photo: Business Wire) As Americans vote and volunteer at the polls, Krispy Kreme wants to help share in the pride that comes with participating in the federal election by offering its most iconic doughnut for free at participating shops, limit one per guest. "Participating in our democracy
Krispy Kreme, Inc. (NASDAQ:DNUT) ("Krispy Kreme" or the "Company"), today announced that it will issue its third quarter 2024 earnings results on Thursday, November 7, 2024. Management will host a conference call to discuss the results at 8:30AM ET on the same day. The conference call can be accessed by dialing 1 (800) 715-9871 and entering the conference ID 1277949. International participants can access the call via the corresponding number listed HERE and entering the conference ID 1277949. To listen to the live audio webcast and Q&A, visit the Krispy Kreme investor relations website at investors.krispykreme.com. A replay of the webcast will be available on the website within 24 hours af
This week's Hunter's Supermoon will be the biggest supermoon of the year and Krispy Kreme® is celebrating this cosmic treat with a one-day-only, new sweet treat: the Supermoon Super Doughnut. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241015423188/en/Available only Thursday, Oct.17, at participating shops across the U.S., Krispy Kreme's Supermoon Super Doughnut is inspired by the bigger, brighter supermoon – an unglazed doughnut filled with cookies & Kreme™ filling, dipped in yellow icing, swirled with chocolate cookie pieces. (Photo: Business Wire) Available only Thursday, Oct.17, at participating shops across the U.S., Kris
Krispy Kreme doughnuts arrive at Chicago-area McDonald's restaurants starting Oct. 15. Krispy Kreme is giving a free Original Glazed® doughnut to everyone who shows a McDonald's receipt Oct. 10 through 14 at Krispy Kreme shops nationwide Krispy Kreme® announced a promotion today to celebrate the anticipated arrival of its doughnuts at participating Chicagoland McDonald's restaurants beginning Tuesday, Oct. 15 as part of a phased rollout to McDonald's locations nationwide by the end of 2026. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241010401565/en/Krispy Kreme doughnuts arrive at Chicago-area McDonald's restaurants startin
Stay Puft Marshmallow Man and Slimer among new Krispy Kreme® x Ghostbusters doughnuts that will haunt Krispy Kreme shops beginning Oct. 7 There's something sweet in the neighborhood this Halloween – the all-new Krispy Kreme® x Ghostbusters Collection, four doughnuts that are a haunting fusion of flavors and fun for the holiday. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241007303208/en/Stay Puft Marshmallow Man and Slimer among new Krispy Kreme® x Ghostbusters doughnuts that will haunt Krispy Kreme shops beginning Oct. 7 (Photo: Business Wire) The Krispy Kreme x Ghostbusters Collection arrives during the iconic Columbia Pict
Guests can also enjoy BOGO $2 Original Glazed® Dozens on Sunday, Sept. 29 Krispy Kreme® is brewing two delicious offers for doughnut and coffee fans on National Coffee Day, this Sunday, Sept. 29: free coffee for you and doughnuts for your crew. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240925549945/en/Guests can also enjoy BOGO $2 Original Glazed® Dozens on Sunday, Sept. 29 (Photo: Business Wire) All guests this Sunday can enjoy a medium hot or iced coffee for FREE with any purchase. Krispy Kreme is sweetening National Coffee Day further with a second offer: fans can pick up a dozen Original Glazed® doughnuts for just $2 wi
Fall-favorite available Friday-Sunday at Krispy Kreme shops nationwide; $2 Original Glazed dozen offered with purchase of any dozen at regular price Krispy Kreme's® spicing up of Pumpkin Spice Season goes "next level" this weekend when the brand returns its fall-favorite Pumpkin Spice Original Glazed® doughnut for three days only, Friday through Sunday, Sept. 20-22. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240919851383/en/Fall-favorite available Friday-Sunday at Krispy Kreme shops nationwide; $2 Original Glazed dozen offered with purchase of any dozen at regular price (Photo: Business Wire) In celebration of fall's "offici
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Third quarter Net Revenue of $379.9 million, Organic Revenue increases 3.5% 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 qu
Krispy Kreme, Inc. (NASDAQ:DNUT) ("Krispy Kreme" or the "Company"), today announced that it will issue its third quarter 2024 earnings results on Thursday, November 7, 2024. Management will host a conference call to discuss the results at 8:30AM ET on the same day. The conference call can be accessed by dialing 1 (800) 715-9871 and entering the conference ID 1277949. International participants can access the call via the corresponding number listed HERE and entering the conference ID 1277949. To listen to the live audio webcast and Q&A, visit the Krispy Kreme investor relations website at investors.krispykreme.com. A replay of the webcast will be available on the website within 24 hours af
Krispy Kreme, Inc. (NASDAQ:DNUT) ("Krispy Kreme" or the "Company"), today announced a quarterly cash dividend of $0.035 per share of common stock, in accordance with the Company's dividend policy. The dividend was declared today, September 13, 2024, and will be paid on November 6, 2024 to shareholders of record on October 23, 2024. About Krispy Kreme Headquartered in Charlotte, N.C., Krispy Kreme is one of the most beloved and well-known sweet treat brands in the world. Our iconic Original Glazed® doughnut is universally recognized for its hot-off-the-line, melt-in-your-mouth experience. Krispy Kreme operates in 40 countries through its unique network of fresh doughnut shops, partnerships
Second quarter Net Revenue grows 7.3%, Organic Revenue increases 7.8% Updated 2024 guidance reflects sale of majority stake in Insomnia Cookies Krispy Kreme, Inc. (NASDAQ:DNUT) ("Krispy Kreme", "KKI", or the "Company") today reported financial results for the quarter ended June 30, 2024. Second Quarter Highlights (vs Q2 2023) Net revenue grew 7.3% to $438.8 million Organic revenue grew 7.8% to $440.2 million GAAP net loss of $4.9 million ($5.5 million net loss attributable to KKI) Adjusted EBITDA grew 12.1% to $54.7 million, Adjusted EBITDA margin up 60 basis points year-over-year GAAP operating cash flow of $33.2 million Global Points of Access ("POA") increased 2,9
Krispy Kreme, Inc. (NASDAQ:DNUT) ("Krispy Kreme" or the "Company"), today announced that it will issue its second quarter 2024 earnings results on Thursday, August 8, 2024. Management will host a conference call to discuss the results at 8:30AM ET on the same day. The conference call can be accessed by dialing 1 (800) 715-9871 and entering the conference ID 5985470. International participants can access the call via the corresponding number listed HERE and entering the conference ID 5985470. To listen to the live audio webcast and Q&A, visit the Krispy Kreme investor relations website at investors.krispykreme.com. A replay of the webcast will be available on the website within 24 hours af
First quarter Net Revenue grows 5.7%, Organic Revenue increases 6.7% Delivered Fresh Daily expansion to accelerate with McDonald's nationwide rollout Krispy Kreme, Inc. (NASDAQ:DNUT) ("Krispy Kreme", "KKI", or the "Company") today reported financial results for the quarter ended March 31, 2024. First Quarter Highlights (vs Q1 2023) Net revenue grew 5.7% to $442.7 million Organic revenue grew 6.7% to $440.9 million GAAP net loss of $6.7 million GAAP net loss attributable to KKI of $8.5 million Adjusted EBITDA grew 5.9% to $58.2 million Global Points of Access increased 2,404, or 19.4% to 14,814 "First-quarter results exceeded our expectations, driven by increased d
Krispy Kreme, Inc. (NASDAQ:DNUT) ("Krispy Kreme" or the "Company"), today announced a quarterly cash dividend of $0.035 per share of common stock, in accordance with the Company's dividend policy. The dividend was declared today, April 30, 2024, and will be paid on August 7, 2024 to shareholders of record on July 24, 2024. About Krispy Kreme, Inc. Headquartered in Charlotte, N.C., Krispy Kreme is one of the most beloved and well-known sweet treat brands in the world. Our iconic Original Glazed® doughnut is universally recognized for its hot-off-the-line, melt-in-your-mouth experience. Krispy Kreme operates in more than 35 countries through its unique network of fresh doughnut shops, par
Krispy Kreme, Inc. (NASDAQ:DNUT) ("Krispy Kreme" or the "Company"), today announced that it will issue its first quarter 2024 earnings results on Thursday, May 9, 2024. Management will host a conference call to discuss the results at 8:30AM ET on the same day. The conference call can be accessed by dialing 1 (800) 715-9871 and entering the conference ID 5985470. International participants can access the call via the corresponding number listed HERE and entering the conference ID 5985470. To listen to the live audio webcast and Q&A, visit the Krispy Kreme investor relations website at investors.krispykreme.com. A replay of the webcast will be available on the website within 24 hours after
Fourth quarter Net Revenue growth of 11.4% with Organic Revenue growth of 13.2% GAAP Net Income of $1.9 million and Adjusted EBITDA margin improvement of 40 basis points Introduces 2024 guidance Krispy Kreme, Inc. (NASDAQ:DNUT) ("Krispy Kreme", "KKI", or the "Company") today reported financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter Highlights (vs Q4 2022) Net revenue grew 11.4% to $450.9 million Organic revenue grew 13.2% to $446.0 million GAAP net income of $1.9 million GAAP net income attributable to KKI of $2.6 million Adjusted EBITDA increased 14.7% to $64.1 million Adjusted EBITDA margins improved 40 basis points t
The Board of Directors of Krispy Kreme, Inc. (NASDAQ:DNUT) ("Krispy Kreme" or the "Company"), today announced a quarterly cash dividend of $0.035 per share of common stock, in accordance with the Company's dividend policy. The dividend was declared today, February 8, 2024, and will be paid on May 8, 2024 to shareholders of record on April 24, 2024. About Krispy Kreme, Inc. Headquartered in Charlotte, N.C., Krispy Kreme is one of the most beloved and well-known sweet treat brands in the world. Our iconic Original Glazed® doughnut is universally recognized for its hot-off-the-line, melt-in-your-mouth experience. Krispy Kreme operates in more than 35 countries through its unique network of
Morgan Stanley resumed coverage of Krispy Kreme, Inc. with a rating of Equal-Weight and set a new price target of $14.00
Evercore ISI resumed coverage of Krispy Kreme, Inc. with a rating of In-line and set a new price target of $13.00
HSBC Securities upgraded Krispy Kreme, Inc. from Hold to Buy and set a new price target of $14.00
Truist upgraded Krispy Kreme, Inc. from Hold to Buy and set a new price target of $15.00 from $13.00 previously
JP Morgan resumed coverage of Krispy Kreme, Inc. with a rating of Overweight and set a new price target of $14.00
Piper Sandler upgraded Krispy Kreme, Inc. from Neutral to Overweight and set a new price target of $20.00 from $14.00 previously
CapitalOne initiated coverage of Krispy Kreme, Inc. with a rating of Equal Weight and set a new price target of $16.00
JP Morgan downgraded Krispy Kreme, Inc. from Overweight to Neutral and set a new price target of $13.00
Truist downgraded Krispy Kreme, Inc. from Buy to Hold and set a new price target of $13.00 from $20.00 previously
Piper Sandler initiated coverage of Krispy Kreme, Inc. with a rating of Neutral and set a new price target of $16.00
Krispy Kreme® is making an iconic flavor statement – literally – to celebrate Barbie brand's 65th anniversary: four all-new doughnuts featuring unique designs and fabulous flavors inspired by Barbie, the trend-setting and timeless global fashion doll. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240903037175/en/Krispy Kreme® is making an iconic flavor statement – literally – to celebrate Barbie brand's 65th anniversary: four all-new doughnuts featuring unique designs and fabulous flavors inspired by Barbie, the trend-setting and timeless global fashion doll. (Photo: Business Wire) Beginning today for a limited time at particip
Krispy Kreme, Inc. (NASDAQ:DNUT) today announced that Atiba Adams will join the company as Chief Legal Officer effective June 25, 2024. Adams will report to Josh Charlesworth, President and Chief Executive Officer of Krispy Kreme. Adams brings more than 20 years of legal experience guiding multibillion-dollar publicly traded and privately held companies such as Mars, Pfizer, and most recently, Bausch + Lomb, where he served as Senior Vice President and Deputy General Counsel. "Atiba's strong, global legal background, public company experience, and expertise in the sweet treat industry make him a great addition to the team," said Charlesworth. "I couldn't be more excited to welcome him a
Appointment effective January 9, 2023 Krispy Kreme, Inc. (NASDAQ:DNUT) ("Krispy Kreme" or the "Company") today announced that Jeremiah Ashukian will become Executive Vice President and Chief Financial Officer of Krispy Kreme, Inc. effective January 9, 2023. Mr. Ashukian will succeed Josh Charlesworth who has served as Chief Financial Officer since April 2017. Mr. Charlesworth will continue in his role as Global President and Chief Operating Officer. Mr. Ashukian brings 20 years of global executive finance experience from Mars, Inc., most recently as Chief Financial Officer of Mars Wrigley North America. President and CEO Mike Tattersfield stated, "On behalf of the Board of Directors, I am
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Citigroup analyst Peter Christiansen upgraded the rating for Coinbase Global, Inc. (NASDAQ:COIN) from Neutral to Buy, while raising the price target from $260 to $345. Coinbase shares gained 2.9% to settle at $265.15 on Monday. See how other analysts view this stock. See how other analysts view this stock. Morgan Stanley analyst Brian Nowak upgraded Snap Inc. (NYSE:SNAP) from Underweight to Equal-Weight, while increasing the price target from $12 to $16. Snap shares rose 2.6% to close
Throughout the last three months, 4 analysts have evaluated Krispy Kreme (NASDAQ:DNUT), offering a diverse set of opinions from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 0 0 0 Last 30D 1 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 1 1 0 0 0 3M Ago 0 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $14.75, a high estimate of $16.00, and a low estimate of $14.00. A decline of 7.81% from the prior average pric
HSBC analyst Sorabh Daga upgrades Krispy Kreme (NASDAQ:DNUT) from Hold to Buy and announces $14 price target.
Krispy Kreme, Inc. (NASDAQ:DNUT) shares are trading higher in premarket today. The doughnut maker has sold a majority ownership stake in Insomnia Cookies to Verlinvest and Mistral Equity Partners for a total enterprise value of $350 million. The transaction, which closed on July 17, 2024, has doubled in value since Krispy Kreme’s acquisition of Insomnia Cookies in 2018. Insomnia Cookies is a late-night bakery concept headquartered in Philadelphia, Pennsylvania. Today, with over 250 locations worldwide, Insomnia Cookies offers a variety of cookies, ice cream, and other sweet treats in-store, for local delivery, and nationwide shipping. The sale allows Krispy Kreme to concentrate on i
$350 million enterprise valuation doubled since 2018 acquisition Krispy Kreme, Inc. (NASDAQ:DNUT) today announced the sale of a majority ownership stake of Insomnia Cookies to Verlinvest and Mistral Equity Partners. The transaction represents a $350 million total enterprise value, which has doubled since Krispy Kreme's 2018 acquisitio
B of A Securities analyst Sara Senatore maintains Krispy Kreme (NASDAQ:DNUT) with a Buy and lowers the price target from $19 to $16.
Krispy Kreme Inc (NASDAQ:DNUT) faces a sticky situation as it launches four new “F.R.I.E.N.D.S”-themed doughnuts, tantalizingly named after iconic show moments, like “WE WERE ON A COFFEE BREAK” and “HOW YOU DOIN’?”. The twist? These treats are exclusively available in the UK, leaving American fans feeling glazed and confused. The announcement, filled with Friends references, exclaimed, “COULD WE ‘BE’ ANY MORE EXCITED?!?!” However, the excitement quickly turned to disappointment for U.S. fans as they realized these delicious tributes to the beloved TV show are not available in America. One Reddit user expressed surprise at the news, commenting, “Wait – they better do this in the US.” T
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Susquehanna boosted the price target for Advanced Micro Devices, Inc. (NASDAQ:AMD) from $185 to $200. Susquehanna analyst Christopher Rolland maintained a Positive rating. AMD shares gained 0.7% to close at $167.87 on Friday. See how other analysts view this stock. TD Cowen cut the price target for Delek US Holdings, Inc. (NYSE:DK) from $25 to $20. TD Cowen analyst Jason Gabelman downgraded the stock from Hold to Sell. Delek US Holdings shares fell 0.6% to close at $25.28 on Friday. See how other a