Krispy Kreme, Inc.
Description
Krispy Kreme, Inc., together with its subsidiaries, produces doughnuts in the United States, the United Kingdom, Ireland, Australia, New Zealand, Mexico, Canada, Japan, and internationally. The company operates through three segments: U.S., International, and Market Development. The company offers doughnut experiences through hot light theater and fresh shops, delivered fresh daily branded cabinets and merchandising units within grocery and convenience stores, quick service restaurants, club memberships, drug stores, and ecommerce, as well as through its branded sweet treat line comprising Krispy Kreme branded sweet treats. It also provides cookies under the Insomnia Cookies brand, cookie cakes, ice cream, cookie-wiches, and brownies; and operates Krispy Kreme company-owned shops and franchise shops. The company was formerly known as Krispy Kreme Doughnuts, Inc. and changed its name to Krispy Kreme, Inc. in May 2021. Krispy Kreme, Inc. was founded in 1937 and is based in Charlotte, North Carolina.
About
CEO
Mr. Joshua Charlesworth
Employees
22,800
Instrument type
Common Stock
Sector
Consumer Defensive
Industry
Grocery Stores
MIC code
XNGS
Address
2116 Hawkins Street, Charlotte, NC 28203, United States
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 7, 2024 | 0.01 | -0.01 | -0.02 | -200.00% |
| Aug 8, 2024 | 0.05 | 0.05 | 0.00 | 0.00% |
| May 9, 2024 | 0.06 | 0.07 | 0.01 | 16.67% |
| Feb 13, 2024 | 0.13 | 0.09 | -0.04 | -30.77% |
| Nov 9, 2023 | 0.06 | 0.03 | -0.03 | -50.00% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 4 | — | 9 |
| Average estimate | — | 0.05 | — | 0.31 |
| Low estimate | — | 0.02 | — | 0.21 |
| High estimate | — | 0.08 | — | 0.38 |
| Last year EPS | — | 0.07 | — | 0.20 |
[stock_revenue_estimate]
Growth estimates
Current qtr
8.440%
Next qtr. (Mar 2025)
-29.910%
Current year
-25.290%
Next year (Dec 2025)
52.140%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 1.69B | 1.53B | 1.38B | 1.12B | 959.41M |
| Cost of revenue | 443.24M | 406.23M | 354.09M | 310.91M | 262.01M |
| Gross profit | 1.24B | 1.12B | 1.03B | 811.13M | 697.40M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 312.74M | 265.76M | 261.88M | 216.32M | 190.24M |
| Other operating expenses | 791.09M | 718.67M | 625.71M | 510.13M | 397.93M |
| Operating income | 13.15M | 28.98M | 41.10M | 4.28M | 45.46M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 50.34M | 34.10M | 43.01M | 57.21M | 60.03M |
| Other income expense | -3.80M | -3.04M | -2.19M | 1.10M | -6.86M |
| Pretax income | -40.99M | -8.16M | -4.10M | -51.83M | -21.42M |
| Tax provision | -4.35M | 612,000 | 10.75M | 9.11M | 12.58M |
| Net income | -36.65M | -8.78M | -14.84M | -60.94M | -34.00M |
| Basic EPS | -0.23 | -0.10 | -0.18 | -0.41 | -0.23 |
| Diluted EPS | -0.23 | -0.10 | -0.18 | -0.41 | -0.23 |
| Basic average shares | 168.29M | 167.47M | 147.65M | 159.73M | 159.73M |
| Diluted average shares | 168.29M | 167.47M | 147.65M | 159.73M | 159.73M |
| EBITDA | 135.24M | 136.20M | 140.52M | 85.78M | 102.38M |
| Net income from continuing op. | -36.65M | -8.78M | -14.84M | -60.94M | -34.00M |
| Minority interests | -1.28M | -6.85M | -9.66M | -3.36M | -3.41M |
| Preferred stock dividends | — | 374,000 | 1.47M | 477,000 | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 3.24B | 3.15B | 3.15B | 3.06B | 2.87B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 38.19M | 35.37M | 38.56M | 37.46M | 35.37M |
| Other short term investments | — | — | — | 1.05M | 2.02M |
| Accounts receivable | 45.86M | 40.13M | 41.13M | 39.62M | 34.20M |
| Other receivables | 12.48M | 10.26M | 5.94M | 5.96M | 6.25M |
| Inventory | 34.72M | 46.24M | 34.85M | 38.52M | 22.56M |
| Prepaid assets | — | — | 20.70M | 12.69M | 9.49M |
| Restricted cash | 429,000 | 359,000 | 630,000 | 23,000 | 77,000 |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 25.36M | 26.95M | 20.70M | 12.69M | 9.49M |
| Non current assets | |||||
| Properties | 456.96M | 417.38M | 435.17M | 399.69M | 385.15M |
| Land and improvements | 12.12M | 11.53M | 12.93M | 13.19M | 13.01M |
| Machinery furniture equipment | 445.06M | 348.28M | 287.66M | 252.15M | 171.94M |
| Construction in progress | 42.82M | 62.41M | 60.94M | 43.77M | 45.82M |
| Leases | 285.01M | 216.51M | 195.13M | 158.15M | 111.46M |
| Accumulated depreciation | -405.46M | -321.13M | -264.66M | -213.85M | -126.85M |
| Goodwill | 3.15B | 3.14B | 3.20B | 3.17B | 3.08B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 946.35M | 966.09M | 992.52M | 998.01M | 984.87M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 23.54M | 26.53M | 16.43M | 17.40M | 13.48M |
| Total liabilities | 1.98B | 1.85B | 1.81B | 2.21B | 1.99B |
| Current liabilities | |||||
| Accounts payable | 156.49M | 225.28M | 182.10M | 148.65M | 138.75M |
| Accrued expenses | 134.01M | 104.42M | 140.75M | 124.95M | 80.56M |
| Short term debt | 105.00M | 83.19M | 86.94M | 86.92M | 93.30M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 1.29B | 1.15B | 1.10B | 1.51B | 1.41B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 123.93M | 143.12M | 145.42M | 144.87M | 152.71M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 36.09M | 38.26M | 42.51M | 63.45M | 47.21M |
| Shareholders equity | |||||
| Common stock | 1.69M | 1.68M | 1.67M | 1.25M | 1,000 |
| Retained earnings | -278.99M | -217.49M | -178.41M | -142.20M | -77.88M |
| Other shareholders equity | 7.25M | -9.15M | -2.48M | -1.21M | -5.55M |
| Total shareholders equity | 1.26B | 1.30B | 1.34B | 848.36M | 883.42M |
| Additional paid in capital | 1.44B | 1.43B | 1.42B | 845.50M | 835.48M |
| Treasury stock | — | — | — | — | — |
| Minority interest | 94.10M | 102.54M | 104.07M | 163.68M | 148.60M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | -36.65M | -8.78M | -14.84M | -60.94M | -34.00M | -12.44M |
| Depreciation | 125.89M | 110.26M | 101.61M | 80.40M | 63.77M | 49.45M |
| Deferred Taxes | -18.49M | -14.24M | -3.50M | -36,000 | 8.42M | -17.91M |
| Stock-Based Compensation | 24.20M | 18.17M | 22.92M | 11.60M | 10.74M | 9.45M |
| Other Non-Cash Items | 2.16M | 2.23M | 594,000 | -1.11M | 28.57M | 13.80M |
| Accounts Receivable | -3.52M | -9.49M | -3.82M | -11.94M | -1.26M | -1.10M |
| Accounts Payable | — | — | — | — | — | — |
| Other Assets & Liabilities | 1.31M | -12.42M | 6.68M | -11.45M | 8.90M | 12.92M |
| Operating Cash Flow | 94.90M | 85.75M | 109.65M | 6.52M | 85.14M | 54.17M |
| Investing Activities | ||||||
| Capital Expenditures | -111.40M | -103.32M | -108.41M | -97.83M | -76.37M | 36.53M |
| Net Intangibles | — | — | -46.33M | -74.89M | -150.37M | -200.84M |
| Net Acquisitions | -1.42M | -18.32M | -46.33M | -74.89M | -150.37M | -340.89M |
| Purchase of Investments | — | — | — | -57,000 | -776,000 | -576,000 |
| Sale of Investments | — | — | 1.02M | 1.12M | 271,000 | 101,000 |
| Investing Cash Flow | -112.59M | -121.47M | -153.41M | -168.13M | -226.61M | -303.28M |
| Financing Activities | ||||||
| Long-Term Debt Issuance | 1.18B | 149.00M | 695.00M | 288.10M | 804.00M | 255.34M |
| Long-Term Debt Payments | -1.08B | -101.18M | -1.15B | -225.54M | -714.62M | -150.83M |
| Other Financing Charges | 5.23M | -36.92M | 7.57M | 76.93M | 42.32M | 91.52M |
| Financing Cash Flow | 71.86M | -16.84M | 16.10M | 139.44M | 129.08M | 166.20M |
| Other Cash Details | ||||||
| End Cash Position | 38.61M | 35.73M | 39.19M | 37.48M | 35.45M | 53.11M |
| Income Tax Paid | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — |
| Free Cash Flow | -75.88M | 28.10M | 21.73M | -69.15M | 4.44M | 105.50M |
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