DNUT - Doughnut Delight: Krispy Kreme Sticks To FY24 Outlook Amid Solid Q1 Global Demand | Benzinga
Krispy Kreme Inc (NASDAQ:DNUT) shares are trading higher after the company reported better-than-expected first-quarter FY24 earnings.
The company reported first-quarter FY24 sales growth of 5.7% year-on-year to $442.698 million, beating the analyst consensus estimate of $434.104 million.
Organic revenue growth of 6.7%, fueled by a 19.4% increase in Points of Access and the success of global brand activations including Valentine’s Day and St. Patrick’s Day doughnuts among others.
Digital sales as a percent of retail sales increased ...