Popular donut chain Krispy Kreme is going public. Here are 4 notable stats about the company.
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Krispy Kreme filed to go public yesterday under the ticker symbol DNUT, a much better choice than KRPY but less creative than GLZD.
Consider this a comeback tour, because when the 83-year-old chain first went public in 2000, it filed for bankruptcy just five years later-when carbs became public enemy No. 1.
But after being battered and fried, Krispy Kreme was picked up by European investment firm JAB Holdings and glazed back to glory. Some notable stats from Krispy Kreme's SEC filing…
- US sales grew 17% in its last fiscal year, and net revenue jumped 23% in Q1 2021 year over year.
- The chain expanded its footprint from 6,040 Krispy Kreme-selling locations in 2019 to 8,275 last year.
- Did you know: Krispy Kreme owns Insomnia Cookies, which conducts over half of its sales via e-commerce.
- 64% of all Krispy Kreme donuts sold are the glazed kind, because that's the best flavor.
Zoom out: JAB Holdings recently sent another chain it owned, JDE Peets (which runs Peet's Coffee, Stumptown, and more), into the public markets and has been prepping a similar fate for Panera.
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