Krispy Kreme, Inc. · NASDAQ:DNUT
Krispy Kreme — Q3 2023 Earnings Presentation
9 slides from Krispy Kreme's earnings presentation, Nov 9, 2023
Slide 1: Third Quarter 2023 Earnings
THIRD QUARTER 2023 EARNINGS November 9, 2023
Slide 2: Disclosures
DISCLOSURES Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements that involve risks and uncertainties. The words “believe,” “may,” “could,” “will,” “should,” “anticipate,” “estimate,” “expect,” “outlook,” “guidance,” “working towards” or similar
Slide 3: TITLE
TITLE Krispy Kreme | Q3 2023 Earnings 3
Slide 4: Q3 2023 Earnings Highlights
Q3 2023 EARNINGS HIGHLIGHTS Our third quarter results showed the strength of our team, business model, and the power of our brand. We delivered growth on both the top- and bottom-line, while delivering Adjusted EBITDA margin expansion through our hub and spoke model. Our global expansion continued,
Slide 5: Sales Per Hub Growth Driven by Capital-Light Delivered Fresh Daily Doors
SALES PER HUB GROWTH DRIVEN BY CAPITAL-LIGHT DELIVERED FRESH DAILY DOORS International Segment U.S. Fresh Doughnut Business Q3 2023 Q3 2023 DFD, 31% DFD, 25% In Shop & In Shop & Drive Thru, Drive Thru, 65% 61% Ecommerce, Ecommerce, 10% 8% $9.9 $9.9 $4.8 $8.2 $4.4 $3.8 TTM Sales per TTM Sales per Hub
Slide 6: Creating a High Growth & More Profitable Business
CREATING A HIGH GROWTH & MORE PROFITABLE BUSINESS A global omni-channel fresh doughnut business strategy… Expand Increased purchase Drive hub and Improve capital availability frequency spoke productivity efficiency Global Points of Access 28 billion media impressions Reduced total product and Added
Slide 7: 3Q 2023 Buzzworthy Special Offerings Drove Fifth Quarter of Double-Digit Organic Growth
3Q 2023 BUZZWORTHY SPECIAL OFFERINGS DROVE FIFTH QUARTER OF DOUBLE-DIGIT ORGANIC GROWTH Chile – Choco Flavors U.S. – Strawberry Glazed AUS – International Friendship Day U.S. – Pumpkin Spice 17 Markets Globally – M&Ms Mexico – Coffee Doughnuts Japan – Sweet Summer Vacation Australia – Maxibon Krispy
Slide 8: 2023 Outlook Re-affirmed
2023 OUTLOOK RE-AFFIRMED 1 Financial Outlook2 $1,650 million to $1,680 million $205 million to $215 million Net Revenue (growth of 8% to 10%, Adjusted EBITDA (growth of 8% to 13%, or or 9% to 11% in constant currency) 10% to 14% in constant currency) Organic Revenue (growth of 9% to 11%) $52 million
Slide 9: Thank You
THANK YOU [