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Krispy Kreme Stock Gains Amid Successful Brand Activations In Dolly Parton Southern Sweets And Kit Kat In Q2

Krispy Kreme, Inc. (NASDAQ:DNUT) shares are trading higher after the company reported second-quarter adjusted earnings per share of five cents, in line with the street view. Quarterly revenues of $438.8 million (+7.3%) exceeded the analyst consensus of $435.49 million. Company organic revenue rose by 7.8%, driven by a 23.2% boost in POA, a 22% increase in digital sales, and an 18% rise in DFD sales. This growth was fueled by successful global brand activations, such as the Dolly Parton Southern Sweets collection and Kit Kat. Adjusted EBITDA for the quarter increased by 12.1% to $54.7 million, with margins improving by 60 basis points to 12.5%. Also Read: Asia Mixed, ...