Welcome to our dedicated page for Krispy Kreme news (Ticker: DNUT), a resource for investors and traders seeking the latest updates and insights on Krispy Kreme stock.
Krispy Kreme reports news on its global sweet-treat business, including fresh doughnut shops, retail partnerships, digital sales and franchise operations in more than 40 countries. Company updates frequently reference the Original Glazed® doughnut, limited-time flavor collections, brand collaborations and seasonal promotions that support traffic across its consumer channels.
Financial and corporate news for DNUT also covers quarterly results, systemwide sales, adjusted EBITDA, free cash flow, balance-sheet leverage and management's turnaround plan. Recurring developments include capital-light international growth, refranchising activity, U.S. access to fresh doughnuts and strategic actions tied to underperforming doors, logistics and franchise partnerships.
Krispy Kreme, Inc. (NASDAQ: DNUT) has been added to the Russell 2000 Index as of September 20, 2021. This inclusion follows the successful completion of its IPO in July, reflecting ongoing growth. CEO Mike Tattersfield emphasized that the addition showcases the strength of the Krispy Kreme brand and its global omnichannel strategy. The Russell 2000 Index, which includes small-cap stocks, serves as a benchmark for many investment managers, with approximately $9 trillion in assets linked to it.
Krispy Kreme is celebrating World Gratitude Day from September 21 to September 27 by offering gift-wrapped dozen doughnuts. Customers who send these special doughnuts will receive a free Original Glazed dozen as a thank-you gift. The promotion includes options for themed packaging and messages, and customers can place orders via Krispy Kreme's website or app. Deliveries are available within specific proximity to stores, with digital vouchers for free dozens expiring on October 27. This initiative promotes gratitude and enhances customer engagement.
The Board of Directors of Krispy Kreme (NASDAQ: DNUT) has declared a quarterly cash dividend of $0.035 per share of common stock. This dividend is scheduled for payment on November 10, 2021, to shareholders of record on October 27, 2021. As a renowned brand, Krispy Kreme operates in 31 countries, offering fresh doughnuts and growing its e-commerce and delivery business, reflecting a robust operational network.
Krispy Kreme (NASDAQ: DNUT) announced that President and CEO Mike Tattersfield will speak at two upcoming conferences: the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on September 13, 2021, and the CL King 19th Annual Best Ideas Conference on September 14, 2021. These events mark Krispy Kreme's first appearances since the company's IPO on July 1, 2021. A live webcast will be available on the company's website.
Krispy Kreme is introducing a new fall-inspired doughnut collection from Sept. 6 to 26 featuring Apple Cider, Maple, and Pumpkin Spice flavors. Each week will highlight a different flavor, starting with Pumpkin Spice, followed by Apple Cider, and concluding with Maple Glazed. These limited-time offerings include unique items like the Apple Cider Glazed Doughnut and Maple Kreme™ filling. The CEO emphasizes the brand's dedication to enhancing seasonal experiences with these new glazes, driving engagement through social media.
Krispy Kreme has opened its first store in Cairo, Egypt, in partnership with Americana Group, enhancing its global footprint.
The location features the iconic Hot Light and can produce over 100 dozen doughnuts per hour. With this launch on August 19, Egypt becomes the 31st country to host Krispy Kreme outlets.
CEO Mike Tattersfield expressed excitement over expanding operations in Egypt, where Americana operates over 200 shops across the region since 2007.
Krispy Kreme is launching a campaign to encourage COVID-19 vaccinations by offering guests with valid vaccination cards two free doughnuts daily from Aug. 30 through Sept. 5 and one free doughnut daily for the rest of the year. This promotion includes both an Original Glazed and a special Original Glazed Heart Doughnut. This initiative supports the nation’s vaccination efforts and follows the FDA's full approval of a COVID-19 vaccine for individuals aged 16 and older. To date, Krispy Kreme has given away over 2.5 million doughnuts to promote vaccination.
Krispy Kreme reported strong Q2 2021 financial results, with net revenue growth of 43% and organic growth of 23%. Total revenue reached $349.2 million, while Adjusted EBITDA grew 77.8% to $52.4 million. Despite a GAAP net loss of $15 million, Adjusted Net Income surged 254.1% to $20.5 million. The company highlighted the success of its omni-channel strategy and plans to maintain growth momentum.
Krispy Kreme, Inc. (NASDAQ:DNUT) will release its second quarter 2021 financial results after 4:00 PM EDT on August 17, 2021. The company will follow this with a conference call at 5:00 PM EDT to discuss the results. Interested parties can access the earnings press release and related materials on Krispy Kreme's investor relations website. The call will also feature a live audio webcast, with a replay and transcript available within 24 hours after the event.
Krispy Kreme introduces its new Carnival Collection, featuring three unique doughnuts inspired by traditional carnival treats, available for a limited time starting July 19 across the U.S. The collection includes:
- Caramel Apple Doughnut
- Cotton Candy Doughnut
- Caramel Popcorn Doughnut
These new flavors aim to capture the essence of summer carnivals and enhance customer experience. Krispy Kreme continues to expand its product offerings to engage customers and delight taste buds.