2024-02-23 02:30:47 ET
Summary
- Krispy Kreme reports internationalization efforts in 7 new countries and potential net sales acceleration from new products like Insomnia Cookies.
- DNUT's balance sheet shows a large amount of goodwill and intangible assets, mainly financed with debt.
- Ecommerce efforts, loyalty memberships, and media impressions are expected to drive net sales growth, while international expansion presents a significant opportunity.
Krispy Kreme, Inc. ( DNUT ) recently reported significant internationalization efforts in 7 new countries, severance expenses, and shop closure expenses, which may bring future adjusted EBITDA growth. In addition, new products in new markets like Insomnia Cookies could bring significant net sales acceleration in the coming years. There are obvious risks from failed net leverage attempts, inflation issues, and supply chains. However, DNUT could certainly trade a bit more expensively. I believe that it is a buy.
Beneficial 2024 Guidance Recently Reported
Krispy Kreme presents itself as one of the most beloved and well-known sweet treat brands in the world. Operating in more than 35 countries, the company offers fresh doughnuts with know-how accumulated since 1937....
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Krispy Kreme: Deleverage Promise, Beneficial 2024 Guidance, And Affordable Stock