NASDAQ$DNUT

Krispy Kreme Inc. · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Krispy Kreme reported strong results, demonstrating the power of their omni-channel strategy.

Krispy Kreme reported a strong second quarter with a 43% increase in net revenue and 23% organic growth. Adjusted EBITDA grew by 78%. The company provided full-year and long-term guidance, expressing confidence in their short and long-term growth targets.

  • Net revenue increased by 43% and organic growth by 23%.
  • Adjusted EBITDA grew by 78%.
  • The company added 1,300 global points of access in the first half of the year.
  • E-commerce comprised 19% of total company shop sales.

Headline financials

Total Revenue

$349M

Previous: $506M-31.0%
EPS (adj)

$0.13

Previous: -$0.19+168.4%
Organic Revenue Growth

22.5%

Previous: -6.7%+435.8%
Adjusted EBITDA Margin

15.0%

Previous: 12.0%+25.0%
Global Points of Access

9.6K

Previous: 5.6K+69.9%
Capital Expenditures

-$52.8M

Previous: $44.1M-219.7%
Free Cash Flow

-$70M

Previous: -$30.2M-131.8%
Net Income

-$17.1M

Previous: -$24.1M+29.0%
Operating Income

$9.13M

Previous: $3.83M+138.3%
Gross Profit

-$679K

Previous: $506M-100.1%
Cash & Equivalents

$37.4M

Previous: $224M-83.3%
Total Assets

$3.09B

No prior period

Revenue & EPS history

Krispy Kreme · Revenue · Quarterly

$349M

Q2 2021-31%vs Q2 2020
Beat estimate in 4 of 4 quarters(100%)
ActualEstimate

Revenue by segment

Krispy Kreme · $349M total across 3 segments · Q2 2021

  • U.S.
    $231M+25.3%
  • International
    $89.2M+159.3%
  • Market Development
    $29M+10.3%

Forward guidance

Krispy Kreme introduced guidance for the full year 2021 and a long-term outlook.

Tailwinds

  • Net Revenue of $1.34 billion to $1.38 billion (growth of 19.4% to 23.0%)
  • Organic Revenue growth of 10% to 12%
  • Adjusted EBITDA of $178 million to $185 million (growth of 22.4% to 27.2%)
  • Adjusted Net Income of $62 million to $68 million (growth of 46.4% to 60.6%)
  • Total net leverage to be under 3.0x in the next 12 months

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
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%
Q1 2021———
Q4 2020———
Q1 2020———
Q1 2016———
Q4 2015———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———
Q1 2014———
Q4 2013———
Q3 2013———
Q2 2013———
Q1 2013———
Q4 2012———
Q3 2012———
Q2 2012———
Q1 2012———
Q4 2011———
Q3 2011———

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