StocksRunner logo
 
 
 
 
»
 

Krispy Kreme Stock is getting Tasty, you should check it out

 
  •  Michael.Green
  •  
    Michael.Green  Michael.Green
     
      
     
     
     

    Chief Market Analyst with over 15 years experience with candid commentary and focuses on daily market analysis and financial research writing

     
 
 
 

Krispy Kreme is an American doughnut and coffeehouse chain founded in 1937. The company is known for its signature Original Glazed doughnuts and has expanded its menu to include a variety of other doughnut flavors, as well as coffee, beverages, and other baked goods.

 

Krispy Kreme has over 1,000 locations worldwide, including in the United States, Canada, the United Kingdom, and Asia. In addition to its retail locations, Krispy Kreme also sells its doughnuts and other products through grocery stores, convenience stores, and other retail outlets. The company has also been known to partner with other brands for limited-edition collaborations and promotions, such as the Oreo Cookie Glazed doughnut.

 

Krispy Kreme has a strong brand identity and is often associated with nostalgia and indulgence. Its doughnuts have become a staple of American culture and are enjoyed by people of all ages. Despite facing some challenges in recent years, including a decline in sales and increased competition from other doughnut chains, Krispy Kreme continues to be a beloved and recognizable brand in the food industry.

 

So why the stock getting Tasty?

 

First, Krispy Kreme report its fourth-quarter and full-year 2022 figures, providing investor's reasons to smile. The company's net revenue grew by more than 9% year over year to nearly $405 million in the quarter. Non-GAAP (adjusted) net income rose a far more impressive 39% to just shy of $19 million, or $0.11 per share.

 

On average, the analysts tracking Krispy Kreme stock were modeling less than $395 million on the top line and $0.10 for per-share, adjusted net income. For several years now, Krispy Kreme has operated on a hub-and-spoke business strategy, with its donut shops shipping branded product to local outlets like supermarkets and convenience stores. It's also become more assertive in international markets.

 

In its earnings release, the company quoted CEO Mike Tattersfield as saying that the end of 2022 saw "notable progress on expanding our omni-channel model, furthering our global growth strategy and executing successfully on the initial phase of our hub optimization efforts."

 

Second, McDonald’s announce that it will set to sell Krispy Kreme donuts at 160 select locations. “McDonald’s is always looking for ways to give our fans more of what they crave, and we often conduct tests to inform future menu decisions,” the chain said in a statement. “This small-scale test will help us understand how offering new bakery items like Krispy Kreme could impact operations in our restaurants.”

 

The upside for Krispy Kreme is potentially bigger since it has fewer locations and wants to expand in the United States and worldwide. If this McDonald’s partnership will succeed, the future will look very sweet for Krispy Kreme.

 
 
unlock
 
 
 

Please note that the article should not be considered as investment advice or marketing, and it does not take into account the personal data and requirements of any individual. It is not a substitute for the reader's own judgment, and it should not be considered as advice or recommendation for buying or selling any securities or financial products.

 
 
 
StocksRunner

Get all the pieces of the puzzle on important data activity before the major news sources break the story and find out what happening right now and what could happen in the future

FIND US ON

StocksRunner on Twitter StocksRunner on YouTube StocksRunner on stocktwits StocksRunner Rss
 

Receive our Daily Alerts

Enter your email to receive daily alerts

 
Our Services

Real-time stock market updates

Expert stock analysis

Investment strategies

Top stock recommendations

Trading signals and opportunities

 
About StocksRunner

Log In

Sign Up

Contact Us

Terms of use

Privacy Policy

 
 

Disclaimer: The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.

Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").

This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.

 
 
StocksRunner

StocksRunner

Get the pulse of the market

 
 
 
StocksRunner

Find out what happening right now and get all the pieces of the puzzle on important data activity before the major news sources break the story and see what are the trends

FIND US ON

StocksRunner on Twitter StocksRunner on YouTube StocksRunner on stocktwits StocksRunner Rss

 

Receive our Daily Alerts

Enter your email to receive daily alerts

 
Market trends

In-depth stock analysis

Informed investment decisions

Stock market insights

Stock trading tips

Stocks analysis

Stocks trends

Stocks performance

Stocks analysis

Investment strategies

Stock strategies

Trading strategies

StocksRunner updates

StocksRunner ideas

Financial Reports

 
 

Disclaimer: The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.

Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").

This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.