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 20 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
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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