Krispy Kreme Q1 revenue +5.7% to $442.7M; GAAP net loss of $6.7M; reaffirms FY guidance

Krispy Kreme, Inc.

2024-Q1 EPS reported -$0.05 revenue$442,698,000

Net revenue $442.7M, up 5.7% YoY; organic revenue +6.7% to $440.9M.
GAAP net loss $6.7M vs prior-year net income $1.6M; diluted loss per share $0.05.
Adjusted EBITDA grew 5.9% to $58.2M; adjusted diluted EPS $0.07 (down from $0.09).
Global Points of Access up 19.4% to 14,814; McDonald's rollout to add 12,000+ U.S. points by end 2026.
Full-year 2024 guidance reaffirmed; CEO cites strong digital sales and record Valentine's Day.

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 0.9

Krispy Kreme, Inc. reported the quarter ended March 31, 2024 results: revenue $442.7 million, net income $(6.7) million, EPS $(0.05) per diluted share. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Revenue: $442.7 million
Net income: $(6.7) million
EPS: $(0.05) per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

(“Krispy Kreme”, “KKI”, or the “Company”) today reported financial results for the quarter ended March 31, 2024. First Quarter Highlights (vs Q1 2023) • Net revenue grew 5.7% to $442.7 million • Organic revenue grew 6.7% to $440.9 million • GAAP net loss of $6.7 million • GAAP net loss attributable to KKI of $8.5 million • Adjusted EBITDA grew 5.9% to $58.2 million •

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Source: SEC EDGAR

accession 0001857154-24-000061

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