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Krispy Kreme Reports Fourth Quarter and Full Year 2024 Financial Results

1. DNUT Q4 revenue hit $404M with 1.8% organic growth despite cybersecurity issues. 2. Reported GAAP net loss of $22.2M; incident cost impacted overall performance.

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FAQ

Why Bearish?

The mixed results show modest revenue growth but a significant GAAP net loss impacted by a cybersecurity incident. Similar past incidents in the sector led to short-term stock weakness.

How important is it?

The reported figures and incident are significant for operational outlook and investor perception, making this a key update for DNUT.

Why Short Term?

Earnings releases typically influence near-term investor sentiment and volatility, as seen in similar cases with cybersecurity-related losses.

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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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