Krispy Kreme (DNUT) Tops Q1 EPS by 2c, Beats on Revenue; Offers FY23 Guidance

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Go back to Krispy Kreme (DNUT) Tops Q1 EPS by 2c, Beats on Revenue; Offers FY23 Guidance

Krispy Kreme Reports Strong First Quarter 2023 and Reiterates Full Year Guidance

May 11, 2023 6:45 AM EDT

First quarter net revenue grew 12.5% with organic revenue growth of 14.4%
Points of Access grew by 12.5% to 12,410 and Ecommerce revenue grew 23%
GAAP net income of $1.6 million and Adjusted EBITDA of $54.9 million

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Krispy Kreme, Inc. (NASDAQ: DNUT) (Krispy Kreme or the Company) today reported strong financial results for the first quarter ended April 2, 2023. 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... More