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Dec 29, 2024
Krispy Kreme Q4 2024 Earnings Report
Krispy Kreme reported financial results for the fourth quarter and full year ended December 29, 2024.
Key Takeaways
Krispy Kreme's fourth quarter net revenue was $404.0 million, a decline of 10.4% compared to the same quarter last year. Organic revenue grew 1.8%. GAAP net loss was $22.2 million, compared to income in the prior year of $1.9 million. Adjusted EBITDA in the quarter declined 28.4% to $45.9 million.
Net revenue of $404.0 million.
Organic revenue grew 1.8%, to $400.6 million.
GAAP net loss of $22.2 million.
Adjusted EBITDA of $45.9 million.
Revenue by Segment
Forward Guidance
Krispy Kreme issues the following guidance for the full year 2025 (vs FY2024)
Positive Outlook
- Net Revenue of $1,550 to $1,650 million
- Organic Revenue growth of +5% to +7%
- Adjusted EBITDA of $180 to $200 million
- Adjusted EPS of $0.04 to $0.08
- Capital Expenditures of 6% to 7% of net revenue
Challenges Ahead
- Income Tax rate between 32% and 36%
- Interest Expense, net of $65 million to $75 million
- The company expects leverage to trend towards 4.0x by year end 2025.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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