DNUT - Krispy Kreme Considers Selling Insomnia Cookies Business For The Love Of Fresh Doughnuts | Benzinga
Krispy Kreme Inc (NASDAQ: DNUT) is exploring strategic alternatives for Insomnia Cookies, which includes an all-cash sale consideration.
Insomnia Cookies, which serves warm cookies all day and late into the night, has tripled its revenue since 2017 and currently operates in three countries with over 250 bakeries.
The company bought a majority stake in Insomnia Cookies in 2018 and expects it to generate revenues of about $230 million in FY23.
The ...