Krispy Kreme

2022 - 8 - 17

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Image courtesy of "BreakingNews.ie"

Jedward open new Dublin city centre Krispy Kreme store (BreakingNews.ie)

Peope queued from 5am this morning as Krispy Kreme opened its new flagship store in Dublin city centre.

Our central location and extended Hotlight opening hours mean we are now even more accessible to loyal brand fans. Speaking on the opening morning, Ireland country manager for Krispy Kreme, Declan Foley said: "We are delighted to bring Krispy Kreme to fans in the city centre of Dublin. First in the queue since 5am was Ryan Hoban from Crumlin as the doors of Krispy Kreme Dame Street were officially opened at 7am, following an official ribbon cutting.

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Image courtesy of "Newstalk"

Krispy Kreme opens new flagship Dublin store (Newstalk)

Doughnut-maker Krispy Kreme has opened its newest store in Dublin city centre. The flagship shop, based on Dame Street, has a full-glass frontage so people ...

The next most-popular was the Nutty Chocolatta doughnut, and the Krispy Kreme single 'Bites'. It comes four years after the first Krispy Kreme opened in Blanchardstown, and brings the store count here to six. Located in the new Central Plaza building, this is the company's first outlet in the centre of the city.

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Image courtesy of "Dublin Live"

First Krispy Kreme in Dublin city centre draws huge crowds (Dublin Live)

Located in the city's new Central Plaza building, this is Krispy Kreme's first store in town and is situated at the popular pedestrian walkway linking Dame ...

[Jedward](dublinlive.ie/all-about/jedward) were on hand for the grand opening. There are now six stores in Dublin in total, including Swords, Charlestown, [Dundrum](https://www.dublinlive.ie/all-about/dundrum) and Liffey Valley Shopping Centre. Sarah Jessica Parker would turn around and give me the gossip on all the girls.” very cosmopolitan, it’ll set you off for a good start. “It’s a fully immersed experience where you can see the doughnuts being made from start to finish. Each customer can experience hot original glazed doughnuts straight off the production line.

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Image courtesy of "Lovin Dublin"

Krispy Kreme to open at Central Bank tomorrow (Lovin Dublin)

Donuts will be glazed with the tears of former wee emos.At this stage, the scaffolding around Central Bank feels like a permanent part of Dublin's ...

Krispy Kreme Central Plaza opens at 7am tomorrow (Wednesday 17th) with the queue starting at 6am. Tomorrow (August 17th), Krispy Kreme will open their flagship Dublin store at Central Plaza, formerly Central Bank. At this stage, the scaffolding around Central Bank feels like a permanent part of Dublin's architecture.

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Image courtesy of "The Irish Sun"

Inside Dublin's new Central Plaza and first look at rooftop zone as ... (The Irish Sun)

HERE's a first look at the rooftop zone of Dublin's new Central Plaza with panoramic views of the city - as hordes queued for Krispy Kreme's big store.

The first 50 customers lucky enough to get in first were treated to some Krispy Kreme merchandise and prizes. As well as this, the first lucky 300 customers were treated to Krispy Kreme merchandise and prizes. The atmosphere this morning was full of excitement as hundreds waiting in anticipation to enter the new Krispy Kreme store. With Krispy Kreme being the first new tenant to open, other additions include a rooftop restaurant with stunning panoramic views of the city below. [Dublin](http://www.thesun.ie/where/dublin/) store will be the first in the city centre. HERE's a first look at the rooftop zone of Dublin's new Central Plaza with panoramic views of the city - as hordes queued for Krispy Kreme's big store opening this morning.

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Image courtesy of "98FM"

Jedward Open New Krispy Kreme On Dame Street (98FM)

Krispy Kreme has opened its flagship Dublin store this morning.Jedward were on hand to entertain the crowds and cut the ribbon on the shop...

The Central Plaza opening brings the Krispy Kreme store count to six locations in Ireland, including Blanchardstown, Swords, Charlestown, Dundrum and Liffey Valley Shopping Centre. Its the company's first outlet in the city centre and includes a full-glass frontage to allow Krispy Kreme fans and passers-by to see the production of its doughnuts from the outside. Jedward absolutely buzzing at the opening of Krispy Kreme on Dame Street, Dublin.

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Image courtesy of "Motley Fool"

Why Krispy Kreme Stock Tumbled on Wednesday Morning (Motley Fool)

The donut maker reported results that left investors hungry for more.

Perhaps the most disappointing point for investors was that management lowered its guidance. Additionally, Krispy Kreme signed agreements to enter four new international markets, including Switzerland, Chile, Costa Rica, and Jordan, while increasing its footprint in Turkey. The lowered outlook extended to the bottom line, and the company is now guiding for adjusted diluted EPS in a range of $0.29 to $0.32, down from its previous range of $0.38 to $0.41. [DNUT](/quote/nasdaq/dnut/) -12.12%) were sharply lower Wednesday morning, tumbling as much as 14.9%. Citing the macroeconomic challenges that remain, Krispy Kreme is now guiding for full-year revenue in a range of $1.49 billion to $1.52 billion, representing growth of 8.7% at the midpoint of its guidance, down from its previous forecast for 11.6% growth, which management issued just three months ago. As of 2:25 p.m.

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Image courtesy of "Restaurant Business Online"

Krispy Kreme lowers its profit outlook and its stock price plunges (Restaurant Business Online)

The doughnut chain's shares declined 13% on Wednesday amid weakening profits. The company also plans to close 10 weak locations and.

The company believes that its six-unit Midwest acquisition could yield more than 100 of its low-capital “DFD Doors,” or the small shops and kiosks where its doughnuts are delivered daily. “The hub-and-spoke model really allows us to drive our revenue per hub, which you start to see happen.” “When we do that well, and we get more access points, we can really drive the business.” In the U.K., where the company has already converted into such a model, profit margins are more than 20%. “Sales per hub” in the U.S. Over the past three years, Krispy Kreme has acquired well over 100 units from franchisees. The more recent acquisition will bring that down further. “There are 118 shops in the U.S. But it also said its legacy shops underperformed during the period because of high labor and food costs. But there’s also a significant number that aren’t, hence our decision to close approximately 10 that are not sustainable in the long run.” The stock is down by more than 25% so far this year. The company’s stock fell more than 14% through early-afternoon trading on Wednesday.

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Image courtesy of "The Washington Post"

Target, Krispy Kreme fall; Hill International, Lowe's rise (The Washington Post)

The retailer's second-quarter profit fell far short of Wall Street forecasts as it slashed prices to clear unwanted inventories of clothing, home goods and ...

Hill International Inc., up $1.05 to $2.79. Chevron Corp., up $1.29 to $157.70. Agilent Technologies Inc., up $9.52 to $142.29. Krispy Kreme Inc., down $1.76 to $12.76. Manchester United Plc., up 89 cents to $13.67. Children’s Place Inc., down $6.02 to $48.93.

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Image courtesy of "Business Wire"

Krispy Kreme Reports Second Quarter 2022 Results (Business Wire)

Krispy Kreme, Inc. (NASDAQ: DNUT) (“Krispy Kreme” or the “Company”) today reported financial results for the second quarter ended July 3, 2022 with ne.

Includes only Hot Light Theater Shops and excludes Mini Theaters. All remaining Points of Access in the Market Development segment relate to our franchise business. These Points of Access were previously included in the Market Development segment. The quarter and two quarters ended July 3, 2022 consist of costs associated with restructuring of the global executive team. Shop closure expenses included in Adjusted Net Income are inclusive of accelerated depreciation related to replacing a point of sale system. Midwest franchise acquisition and FX headwinds, with a goal of 3.0x by the end of 2023 Later this month, the Company will spend approximately $18.5 million to acquire seven shops (including one of which is under construction) in the U.S. Market Development: In the Market Development segment, net revenue increased 6.5% to $30.9 million driven by a 37.9% increase in points of access to 1,931 compared to the prior year, partially offset by franchise acquisitions and a 7.0% adverse impact from foreign currency exchange. and Canada Adjusted EBITDA decreased 8.0% to $26.0 million in the second quarter of 2022 compared to the second quarter of 2021 with margin declines of 180 basis points to 10.4%. GAAP Diluted Net Loss per share in the quarter was $0.02 compared to a net loss of $0.13 in the same quarter last year with Adjusted Diluted EPS decreasing to $0.08 from $0.13 in the second quarter of 2021. GAAP Net Loss for the quarter was $2.4 million, a significant improvement compared to a loss of $15.0 million a year ago while GAAP diluted Loss Per Share for the quarter was $0.02 compared to a loss of $0.13 last year. and Canada increased by 22.2% year-over-year to $4.4 million while International Sales per Hub grew 22.5% to $9.8 million, driven by a 19% increase in Global Points of Access and a 9% increase in U.S.

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Image courtesy of "MarketWatch"

Krispy Kreme stock sinks more than 8% after profit and sales miss ... (MarketWatch)

Shares of Krispy Kreme Inc. undefined sank 8.8% toward a two-month low in premarket trading Wednesday, after the donut seller reported fiscal second-quarter ...

For fiscal 2022, the company expects adjusted EPS of 29 cents to 32 cents and revenue of $1.49 billion to $1.52 billion, both below the FactSet consensus for EPS of 41 cents and revenue of $1.56 billion. The net loss for the quarter to July 3 narrowed to $3.85 million, or 2 cents a share, from $17.14 million, or 13 cents a share, in the year-ago period. Shares of Krispy Kreme Inc.

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Image courtesy of "World Coffee Portal"

Omni-channel model enables Krispy Kreme to navigate rising costs (World Coffee Portal)

The donut and coffee business has posted positive second quarter growth, crediting its omni-channel retail strategy as a key strength in navigating rising ...

“In the second quarter consumers faced unique economic pressures, which is why we invested in our customers through Acts of Joy such as Beat the Pump dozen pricing that matched a gallon of gas and other promotions to drive brand love. Krispy Kreme has said it is in a strong position for growth in the next five years after reporting positive second quarter revenues. For the first half of 2022, year-on-year net revenue grew 11.4% to $747.8m. Across the US and internationally, individual store sales rose more than 20%, the company said. “Our results in the second quarter continue to demonstrate the benefits of our omni-channel model and global expansion strategy with strong organic growth,” said Krispy Kreme President and CEO Mike Tattersfield. Total net loss for the quarter was $2.4m compared to $15m the second quarter of 2021.

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Image courtesy of "pymnts.com"

Grocery, Convenience Store Distribution Help Krispy Kreme Combat ... (pymnts.com)

As food prices rise, Krispy Kreme is leveraging its business selling fresh-made donuts to grocers and convenience stores to weather these inflationary ...

[Consumer Price Index](https://www.bls.gov/news.release/archives/cpi_08102022.htm) for All Urban Consumers (CPI-U) data, reported by the U.S. [Mike Tattersfield](https://www.linkedin.com/in/mike-tattersfield-6a60475/) said, highlighting a 400-basis-point, year-over-year decrease in margins due to inflation and promotional spending. and the U.S. adults, 60% of consumers have cut down on nonessential grocery spending due to rising prices. Moreover, only 15% reported that inflation has not impacted their food spending. Conversely, stores that do not do this felt the impacts of inflationary headwinds more acutely.

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