NASDAQ$DNUT
Krispy Kreme Inc. · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported financial results for the first quarter of 2024 and reaffirmed full year 2024 guidance.
Krispy Kreme's first-quarter results exceeded expectations, with net revenue growing by 5.7% to $442.7 million and organic revenue increasing by 6.7% to $440.9 million. The company's Delivered Fresh Daily expansion is accelerating, including a nationwide rollout with McDonald's expected to add over 12,000 new points of access by the end of 2026.
- Net revenue grew 5.7% to $442.7 million.
- Organic revenue grew 6.7% to $440.9 million.
- GAAP net loss attributable to KKI was $8.5 million.
- Global Points of Access increased 19.4% to 14,814.
Headline financials
Revenue & EPS history
Krispy Kreme · Revenue · Quarterly
$443M
Revenue by segment
Krispy Kreme · $407M total across 3 segments · Q3 2023
- U.S.$260M+5.4%63.9%
- International$106M+15.4%26.1%
- Market Development$41.1M+5.9%10.1%
Forward guidance
Krispy Kreme reaffirms the following guidance for the full year 2024 (vs FY2023)
Tailwinds
- Net Revenue growth of +5% to +7%
- Organic Revenue growth of +6% to +8%
- Adjusted EBITDA growth of +8% to +11%
- Adjusted Diluted EPS of $0.27 to $0.31
- Income Tax rate between 26% and 28%
Headwinds
- Capital Expenditures of 7% to 8% of net revenue
- Interest Expense, net of $55 million to $65 million
- The above guidance assumes nominal impact from foreign exchange.
- The Company continues to expect to reduce its net leverage in 2024, as it makes progress towards its 2026 goal of approximately 2.0x to 2.5x net leverage.
- On October 3, 2023, the Company announced it is exploring strategic alternatives for Insomnia Cookies.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-0.8%
Avg return
Earnings day
+0.7%
Avg return
5 days after
-1.2%
Avg return
30 days after
50%
11 / 22 earnings
Positive
+27.4%
Q4 2025
Best reaction
-24.6%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.1% | -9.1% | -3.8% | |
| Q4 2025 | +27.4% | +18.1% | +8.0% | |
| Q3 2025 | +3.2% | +15.6% | +13.8% | |
| Q1 2025 | -24.6% | -25.9% | -32.6% | |
| Q4 2024 | -21.9% | -32.0% | -39.9% | |
| Q3 2024 | -8.0% | -8.9% | -17.6% | |
| Q2 2024 | +15.0% | +11.2% | +25.3% | |
| Q1 2024 | +2.4% | -6.3% | -16.4% | |
| Q4 2023 | -7.2% | -6.2% | -14.2% | |
| Q3 2023 | -4.6% | -0.4% | -2.6% | |
| Q2 2023 | -10.1% | -7.8% | -8.9% | |
| Q1 2023 | +0.7% | -0.3% | +0.7% | |
| Q4 2022 | +10.9% | +7.1% | +16.2% | |
| Q3 2022 | +2.7% | +7.5% | -6.1% | |
| Q2 2022 | -13.9% | -18.1% | -16.0% | |
| Q1 2022 | +7.2% | +18.3% | +10.1% | |
| Q4 2019 | -4.1% | +3.6% | -1.4% | |
| Q4 2021 | +4.0% | +8.7% | +9.7% | |
| Q3 2020 | +10.2% | +10.6% | +19.6% | |
| Q3 2021 | -1.3% | +6.6% | +10.0% | |
| Q2 2020 | +6.2% | +19.2% | +8.3% | |
| Q2 2021 | -10.6% | +3.1% | +12.0% | |
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