Krispy Kreme Q1 net revenue up 12.5% to $419M; adjusted EPS $0.09, reiterates FY guidance

Krispy Kreme, Inc.

2023-Q1 EPS reported $0.00 revenue$418,950,000

Net revenue $419.0M (+12.5% YoY); organic revenue growth 14.4%.
GAAP net income $1.6M vs $6.5M a year ago; GAAP diluted EPS $0.00.
Adjusted diluted EPS $0.09 (+12.5% YoY); Adjusted EBITDA $54.9M (+12.3%).
Global Points of Access grew 12.5% to 12,410; ecommerce revenue up 23%.
Full-year 2023 guidance reiterated; U.S. sales per hub rose 9% to $4.6M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Krispy Kreme, Inc. reported the first quarter ended April 2, 2023 results: revenue $419.0 million, net income $1.6 million, EPS $0.00. Guidance reaffirmed.

Period: the first quarter ended April 2, 2023
Revenue: $419.0 million
Net income: $1.6 million
EPS: $0.00
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net revenue grew 12.5% year-over-year to $419.0 million and organic revenue grew 14.4% led by robust performances in the U.S. and Market Development segments. Sales per Hub in the U.S. increased 9% to $4.6 million, driven by an 12% increase in points of access and an 8% increase in U.S. sales per Delivered Fresh Daily (“DFD”) door. GAAP Net Income for the quarter was $1.6 million compared to Net Income of $6.5 million a year ago while GAAP diluted EPS for the quarter was $0.00 compared to diluted EPS of $0.02 last year.

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Source: SEC EDGAR

accession 0001857154-23-000027

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