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Sep 29, 2024
Krispy Kreme Q3 2024 Earnings Report
Krispy Kreme's Q3 2024 financial results were reported, showing a mix of growth and challenges.
Key Takeaways
Krispy Kreme reported a net revenue of $379.9 million for Q3 2024. Organic revenue increased by 3.5%. GAAP net income was $37.6 million, which included a gain from the divestiture of a controlling interest in Insomnia Cookies. The company is focusing on its core strategy and U.S. expansion, while streamlining international efforts.
Net revenue was $379.9 million.
Organic revenue grew 3.5% to $376.4 million.
GAAP net income was $37.6 million, influenced by the sale of a majority stake in Insomnia Cookies.
Global Points of Access increased by 18.0% to 15,811.
Revenue by Segment
Forward Guidance
Krispy Kreme updated its full-year 2024 financial guidance to reflect Q3 results, the McDonald's expansion, and the Insomnia Cookies transaction.
Positive Outlook
- Net Revenue of $1,650 to $1,685 million
- Organic Revenue growth of +5% to +7%
- Adjusted EBITDA of $205 to $210 million
- Adjusted Diluted EPS of $0.18 to $0.22
- Income Tax rate between 28% and 30%
Challenges Ahead
- 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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