Krispy Kreme Q3 revenue up 10.1%, organic +12%; GAAP EPS -$0.08, adj EPS $0.03; reaffirms guidance

Krispy Kreme, Inc.

2022-Q3 EPS reported -$0.08 revenue$1,125,299,000

Net revenue $377.5M (+10.1% YoY); organic +12.0%; constant currency +13.4%.
GAAP net loss $11.8M ($0.08 loss per share); adjusted net income $5.9M ($0.03 adj EPS).
Adjusted EBITDA $38.5M; $3.1M negative FX impact; margins improved late in Q3 after price hikes.
Added 294 Points of Access in Q3; total >11,700 locations; YTD adds exceed full-year target.
Opened in Jordan; announced joint venture to enter France in 2023; Jamaica development deal.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Krispy Kreme, Inc. reported third quarter ended October 2, 2022 results: revenue $377.5 million, net income ($11.8 million), EPS ($0.08). Guidance reaffirmed.

Period: third quarter ended October 2, 2022
Revenue: $377.5 million
Net income: ($11.8 million)
EPS: ($0.08)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Third quarter net revenue grew 10.1% compared to Q3 2021 Organic revenue growth accelerated to 12.0% Added 294 Points of Access in Q3 and 1,276 year to date, exceeding our full year target Reiterating 2022 Guidance with strong momentum to start Q4 CHARLOTTE, NC (November 15, 2022) – Krispy Kreme, Inc. (NASDAQ: DNUT) (“Krispy Kreme” or the “Company”) today reported financial results for the third quarter ended October 2, 2022 with net revenue growing 10.1% year-over-year to $377.5 million, or 13.4% in constant currency, while organic revenue grew 12.0%. Foreign currency translation resulted in a negative 3.3% impact on net revenue growth during the third quarter due to the strength of the U.S. dollar. Sales per Hub in the U.S. and Canada increased by 18.4% year-over-year to $4.5 million while International Sales per Hub grew 16.3% to $10.0 million. Organic growth was driven by the solid performance and expansion of Krispy Kreme’s omni-channel model, with a 17% increase in Global Points

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Source: SEC EDGAR

accession 0001857154-22-000116

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