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Jul 04, 2021
Krispy Kreme Q2 2021 Earnings Report
Krispy Kreme reported strong results, demonstrating the power of their omni-channel strategy.
Key Takeaways
Krispy Kreme reported a strong second quarter with a 43% increase in net revenue and 23% organic growth. Adjusted EBITDA grew by 78%. The company provided full-year and long-term guidance, expressing confidence in their short and long-term growth targets.
Net revenue increased by 43% and organic growth by 23%.
Adjusted EBITDA grew by 78%.
The company added 1,300 global points of access in the first half of the year.
E-commerce comprised 19% of total company shop sales.
Revenue by Segment
Forward Guidance
Krispy Kreme introduced guidance for the full year 2021 and a long-term outlook.
Positive Outlook
- Net Revenue of $1.34 billion to $1.38 billion (growth of 19.4% to 23.0%)
- Organic Revenue growth of 10% to 12%
- Adjusted EBITDA of $178 million to $185 million (growth of 22.4% to 27.2%)
- Adjusted Net Income of $62 million to $68 million (growth of 46.4% to 60.6%)
- Total net leverage to be under 3.0x in the next 12 months
Historical Earnings Impact
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Avg. Return Before/After Earnings
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