Krispy Kreme, Inc. Stock Price, News & Analysis

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Krispy Kreme, Inc. (NASDAQ: DNUT) announced a quarterly cash dividend of $0.035 per share, reflecting its ongoing commitment to shareholders. The dividend was declared on May 16, 2022, and will be paid on August 10, 2022, to shareholders of record as of July 27, 2022. This decision aligns with the company’s established dividend policy, reinforcing its financial health and shareholder engagement.

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Krispy Kreme (NASDAQ: DNUT) reported strong Q1 2022 results, with net revenue increasing by 15.8% year-over-year to $372.5 million and organic revenue rising 15.0%. GAAP net income reached $6.5 million, a significant improvement from a loss of $0.4 million last year. Adjusted EBITDA grew 5.4% to $48.9 million, driven by a 90 basis point margin improvement in the U.S. and Canada. The company reaffirmed its 2022 guidance, expecting net revenue of $1.53 to $1.56 billion, and highlighted ongoing expansion efforts with a 20.9% increase in global points of access.

Krispy Kreme has launched its first-ever Honey Doughnuts collection, starting May 9.

The limited-time collection includes:

• Honey Pull Apart Doughnut
• Honey Bee Doughnut
• Honey Cake Doughnut

Customers purchasing the Honey Lover’s Dozen will receive bee-friendly flower seed paper, supporting bee populations. Additionally, Krispy Kreme will plant flower gardens at select locations to create bee-friendly environments. This initiative aligns with World Bee Day on May 20, celebrating organizations like the Planet Bee Foundation.

Krispy Kreme (NASDAQ:DNUT) will release its first quarter 2022 earnings results on May 11, 2022, at 8:30 AM EDT. A conference call to discuss the results will follow, accessible by dialing (877) 312-1907 or (470) 495-9529 for international participants with conference ID 9178504. Interested parties can listen to the live audio webcast on the investor relations website. A replay and transcript will be available within 24 hours. Additional earnings materials will also be accessible on the Company’s website.

Krispy Kreme is launching a new Cinnamon Milk Glazed Collection in partnership with General Mills Cinnamon Toast Crunch™. Starting April 25, customers can enjoy three unique doughnuts featuring the new Cinnamon Milk Glaze, made with real Cinnamon Toast Crunch™. The collection includes the classic Cinnamon Milk Glazed Doughnut, one topped with Cream Cheese Icing and cereal pieces, and another with Dulce de Leche. The doughnuts will be available individually or in a special cereal box-inspired dozen.

Krispy Kreme has announced a new promotion to sell a dozen Original Glazed® doughnuts at the national average price of a gallon of gasoline every Wednesday, starting April 13 through May 4. This initiative aims to provide relief to consumers feeling the pressure of rising gas prices. The company will set the price each Wednesday based on the Monday gas price and will promote it on social media platforms. Customers can purchase up to two dozen doughnuts for this special price at participating locations.

Krispy Kreme has announced the return of its popular Original Glazed® Cinnamon Roll, now available every Sunday at participating shops nationwide. This exclusive treat, which debuted in September 2021, is hand-rolled and covered in the brand's iconic glaze. The company aims to meet customer demand following its initial limited-time offering. Chief Marketing Officer Dave Skena emphasized the positive fan reception and the intention to satisfy customer cravings. The treat can be purchased individually or in a special four-pack, available in stores, online, and via delivery.