Krispy Kreme (KKD) Announces Turnaround Plan

Krispy Kreme, Inc. (NASDAQ: DNUT):

Turnaround Plan

The Company has implemented a comprehensive turnaround plan to deleverage the balance sheet and deliver sustainable, profitable growth through a focus on the following four components:

Refranchising: Improve financial flexibility through refranchising international markets and restructuring the joint venture in the Western U.S.
Driving Return on Invested Capital: Reduce capital intensity by using existing assets and focusing on franchisee development
Expanding Margins: Expand margins through greater operational efficiency, including outsourcing U.S. logistics
Driving Sustainable, Profitable Growth: Pursue U.S. growth based upon sustainable and profitable revenue streams

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