Krispy Kreme, Inc. - DNUT STOCK NEWS

Krispy Kreme is welcoming 2022 with a special promotion, offering two Original Glazed dozens for just $12 from December 30 to January 2. This deal is available online, via drive-thru, and in-store at participating locations across the U.S.. Customers can purchase up to two dozen per day to celebrate the new year with family and friends. The promotion aims to enhance customer engagement and boost sales during this festive period.

Krispy Kreme (NASDAQ: DNUT) updated its fiscal year 2021 guidance, driven by strong momentum in Q4. The company expects net revenue between $1.37 billion and $1.39 billion, reflecting a growth of 22-23% compared to 2020. Organic revenue growth is projected at 10-12%, with adjusted EBITDA of $182-$187 million, representing a 25-29% increase. Furthermore, the adjusted net income is forecasted at $65-$68 million, signifying a growth of 46-61%. The company maintains a long-term outlook, anticipating organic revenue growth of 9-11%.

The Board of Directors of Krispy Kreme (NASDAQ: DNUT) has declared a quarterly cash dividend of $0.035 per share of common stock. This decision, made on December 6, 2021, highlights the company's commitment to returning value to shareholders. The dividend will be paid on February 9, 2022, to shareholders of record as of January 26, 2022. This announcement reinforces Krispy Kreme's ongoing strategy to enhance shareholder returns, reflecting confidence in the company's financial health and operational stability.

On December 12, Krispy Kreme will celebrate its annual “Day of the Dozens,” offering customers a second dozen Original Glazed® doughnuts for just $1 with the purchase of any dozen at regular price. This promotion is available via takeout, drive-thru, or in shops, with a limit of two per customer. The 'Let It Snow' holiday collection will also be featured, introducing three new doughnuts and holiday classics. The event enhances customer engagement, allowing fans to share their celebrations on social media using #DayofDozens.

JAB Holding Company announced an increase in its economic exposure to Krispy Kreme (NASDAQ: DNUT) through a three-year total return swap agreement with BNP Paribas for up to 6,500,000 shares. Currently owning approximately 44.77% of Krispy Kreme, JAB aims to secure its position as a long-term investor. BNP will acquire shares in the open market, while JAB will receive dividends. The agreement aligns with JAB's strategy of backing brands with significant growth potential. Krispy Kreme recently reported impressive Q3 results and reaffirmed its 2021 guidance.

Krispy Kreme is introducing its Let It Snow holiday collection starting Nov. 26, featuring three new doughnuts: Poppy Penguin, Snowman Smile, and Snowy Sprinkle. Alongside these, classic favorites like Santa Belly and Chocolate Iced with Holiday Sprinkles will return. A special Black Friday offer includes a free Original Glazed doughnut and small brewed coffee. Additionally, the annual Day of the Dozens will occur on 12/12, allowing customers to buy a dozen for just $1 with the purchase of another dozen.

Krispy Kreme (NASDAQ: DNUT) reported strong Q3 2021 results, with net revenue increasing 18% year-over-year to $342.8 million. Organic revenue growth, excluding the legacy wholesale business, was 14%, with global points of access expanding 46% to over 10,000 locations. Adjusted EBITDA rose 10% to $41.4 million, driven by operational efficiencies. The company announced a 40% reduction in net debt to $681 million and reaffirmed its full-year 2021 guidance, expecting revenue between $1.34 billion and $1.38 billion. CEO Mike Tattersfield highlighted momentum heading into the holiday season.