The earnings call presented a mixed sentiment with significant achievements in expanding access and partnerships, particularly with McDonald's, but also highlighted challenges including a decline in adjusted EBITDA, increased logistics costs, and underperformance in the U.K. market.

Company Guidance

During Krispy Kreme's Third Quarter 2024 Earnings Call, significant guidance was provided highlighting key future metrics. The company anticipates expanding fresh doughnut availability to nearly 35,000 points of access in about 50 countries within three years, driven by partnerships with McDonald's and other major retailers. The McDonald's rollout has shown strong initial results, aiming for distribution in nearly 2,000 restaurants by the end of 2024, with a longer-term goal of over 12,000 by the end of 2026. Krispy Kreme projects $340 million to $430 million in annualized incremental revenue and an additional $70 million to $100 million in adjusted EBITDA from its U.S. expansion. The company revised its full-year 2024 guidance, maintaining expected revenue between $1.65 billion and $1.685 billion, with adjusted EBITDA adjusted to $205 million to $210 million, and EPS between $0.18 and $0.22. The call also addressed restructuring efforts aimed at achieving $8 million to $12 million in annualized SG&A cost savings beginning in 2025.

Expansion with McDonald's

Successful start of Krispy Kreme's nationwide U.S. rollout with McDonald's, aiming to deliver fresh doughnuts to nearly 2,000 McDonald's restaurants by the end of 2024. Positive consumer response and smooth rollout in Chicago, with plans to expand to Ohio, Indiana, Pennsylvania, and West Virginia.

Points of Access Growth

Krispy Kreme experienced an 18% increase in points of access, now present in nearly 16,000 locations across 40 countries, with a target of 35,000 points of access in about 50 countries within three years.

Digital Sales Growth

15% growth in digital sales, driven by the relaunch of the U.S. loyalty program and enhanced consumer digital experience.

International Market Expansion

Organic revenue in the Market Development segment grew 8.6%, with new market launches in Morocco and growth in France, Turkey, and Ecuador. Points of access in equity-owned international markets grew nearly 32% year-over-year.

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Krispy Kreme (DNUT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DNUT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 25, 2025	2024 (Q4)	0.10 / -	0.09	―	―	―
Nov 07, 2024	2024 (Q3)	0.01 / -0.01	0.03	-133.33% (-0.04)
Aug 08, 2024	2024 (Q2)	0.05 / 0.05	0.07	-28.57% (-0.02)
May 09, 2024	2024 (Q1)	0.06 / 0.07	0.09	-22.22% (-0.02)
Feb 13, 2024	2023 (Q4)	0.13 / 0.09	0.11	-18.18% (-0.02)
Nov 09, 2023	2023 (Q3)	0.06 / 0.03	0.03	0.00% (0.00)
Aug 10, 2023	2023 (Q2)	0.07 / 0.07	0.08	-12.50% (>-0.01)
May 11, 2023	2023 (Q1)	0.07 / 0.09	0.08	12.50% (<+0.01)
Feb 15, 2023	2022 (Q4)	0.10 / 0.11	0.08	37.50% (+0.03)
Nov 15, 2022	2022 (Q3)	0.04 / 0.03	0.06	-50.00% (-0.03)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DNUT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 07, 2024	$12.37	$11.81	-4.53%
Aug 08, 2024	$9.14	$10.37	+13.46%
May 09, 2024	$12.58	$12.81	+1.83%
Feb 13, 2024	$13.65	$12.99	-4.84%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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