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Jun 30, 2024
Krispy Kreme Q2 2024 Earnings Report
Krispy Kreme's Q2 2024 financial performance was reported, demonstrating revenue growth and strategic advancements.
Key Takeaways
Krispy Kreme reported a 7.3% increase in net revenue, reaching $438.8 million, and a 7.8% increase in organic revenue for the second quarter of 2024. The company's global points of access increased by 23.2%. While GAAP net loss was $4.9 million, adjusted EBITDA grew by 12.1% to $54.7 million.
Net revenue grew by 7.3% to $438.8 million.
Organic revenue increased by 7.8% to $440.2 million.
Global Points of Access increased by 23.2% to 15,853.
Adjusted EBITDA grew by 12.1% to $54.7 million.
Revenue by Segment
Forward Guidance
Krispy Kreme updated its full year 2024 guidance to reflect the recent sale of a majority ownership stake in Insomnia Cookies.
Positive Outlook
- Net Revenue of $1,650 to $1,685 million
- Organic Revenue growth of +5% to +7%
- Adjusted EBITDA of $215 to $220 million
- Adjusted Diluted EPS of $0.24 to $0.28
- Net leverage to trend towards 3.5x by year end
Challenges Ahead
- Income Tax rate between 28% and 30%
- Capital Expenditures of 7% to 8% of net revenue
- Interest Expense, net of $55 million to $60 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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