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Krispy Kreme Reports Fourth Quarter and Full Year 2024 Financial Results

1. Q4 revenue reached $404M. Organic revenue grew 1.8% despite cybersecurity challenges. 2. GAAP net loss was $22.2M. Adjusted EBITDA stood at $45M.

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$9.1302/25 06:49 AM EDTEvent Start
$6.4302/26 01:24 PM EDTLatest Updated
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FAQ

Why Bearish?

The reported GAAP loss and adverse cybersecurity incident impact investor sentiment, echoing historical downturns when similar issues arose.

How important is it?

This quarterly report directly impacts DNUT with notable cybersecurity-induced revenue loss and net loss, representing a significant near-term risk.

Why Short Term?

The cybersecurity-related revenue loss is an immediate concern, likely causing near-term price pressure even if recovery is possible later.

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SBUXMCD
CHARLOTTE, N.C.--(BUSINESS WIRE)--Krispy Kreme, Inc. (NASDAQ: DNUT) (“Krispy Kreme”, “KKI”, or the “Company”) today reported financial results for the fourth quarter and full year ended December 29, 2024. Fourth Quarter Highlights (vs Q4 2023) Net revenue of $404.0 million Organic revenue(1) grew 1.8%, to $400.6 million, and was impacted adversely by an estimated 280 basis points from lost revenue linked to the 2024 Cybersecurity Incident GAAP net loss of $22.2 million Adjusted EBITDA(1) of $45.

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