Press release
Krispy Kreme Outlined its Long-Term Growth Strategy at 2022 Investor Day
Reiterated 2022 guidance and introduced 2026 Financial Targets CHARLOTTE, N.C.--(BUSINESS WIRE)-- Krispy Kreme, Inc. (NASDAQ: DNUT) (“Krispy Kreme” or the
About this update from Krispy Kreme, Inc.
[{"type":"text","content":"\nReiterated 2022 guidance and introduced 2026 Financial Targets\n\n CHARLOTTE, N.C.--(BUSINESS WIRE)--\nKrispy Kreme, Inc. (NASDAQ: DNUT) (“Krispy Kreme” or the “Company”) today hosted an Investor Day at its Headquarters in Charlotte, NC, which was simultaneously webcast. At the event, management provided an update on the business, including the Company’s strategic vision and long-term growth goals, which included its initial 2026 outlook.\n\nPresident and CEO Mike Tattersfield stated, “I am proud of the progress Krispy Kreme has made against our transformation strategy, solidifying our status as an iconic, globally loved sweet treat brand while creating significant opportunities for expansion and increased profitability. Our continued investments in building a flexible omni-channel model have driven sustainable, profitable top- and bottom-line growth, and will enable us to continue expanding in the U.S. and international markets. I am incredibly excited about the path forward for Krispy Kreme and remain confident in our ability to execute against our growth drivers and deliver value for our customers and stakeholders.”\n\nEvent Overview\n\nDuring today’s event, members of Krispy Kreme’s leadership team outlined the drivers underlying its growth strategy and strategic initiatives, including:\n\n\nCapturing Opportunities Through Krispy Kreme’s Iconic Brand: As the number one sweet treat brand in the U.S., U.K., Australia, Thailand and Turkey, Krispy Kreme has enormous potential to increase its presence globally. The Company is especially focused on driving innovation through impactful Limited Time Offers and premium products, and increasing access through ecommerce, Delivered Fresh Daily (“DFD”) and its Branded Sweet Treats (“BST”) line.\n\n\nMaximizing the U.S. Hub & Spoke Opportunity: Krispy Kreme is well positioned for sustainable and profitable growth in the U.S., enabled by its transformation into a fresh omni-channel business. With the potential to grow points of access to over 15,000 in the long-term in this geography alone, the Company is focused on expanding access and purchase frequency, increasing hub & spoke productivity and driving efficiencies to earn a higher ROIC.\n\n\nAccelerating Global Expansion: Krispy Kreme is making impressive progress against its international expansion strategy and has more than doubled i...