Krispy Kreme reports sweet bounceback in sales before planned IPO
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Krispy Kreme is reporting a resurgence in sales as the coffee-and-doughnut chain readies for a comeback to the public stock markets.
The renewed demand for caffeine and glazed surgary treats comes as the economy reopens and Americans start venturing outside the house for breakfast again. The first meal of the day had been battered during a deadly pandemic that upended the restaurant industry, particularly the portion that had catered to those commuting to work. Krispy Kreme tallied net revenues of $321.8 million in the quarter ending April 4, a 23% spike from the $261.1 million it saw in the year-earlier period, Krispy Kreme reported Tuesday in a regulatory filing. The company also lessened its red ink to $378,000 from almost $11 million, according to documents filed with the U.S. Securities and Exchange Commission before its initial public offering.
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