Krispy Kreme

Today’s news in brief – 14/03/24

Top hospitality groups saw “modest” sales growth of 1.4%, according to the latest CGA RSM Hospitality Business Tracker, following marginal growth of 0.1% in January in the wake of strong trading over Christmas. Restaurants were the sector’s best-performing segment in February with like-for-like growth of 2.2%, followed by pubs at…

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Hop Vietnamese Street Eats to open second Manchester restaurant

Manchester Arndale has announced another new addition to its food and beverage line-up after agreeing a 15-year lease with Hop Vietnamese Street Eats. Hop Vietnamese, which has a selection of outlets across London and a kiosk in ‘The Orient’ food court at The Trafford Centre, will bring a taste of…

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Sides to open first Manchester site

Sides, the chicken restaurant created by the YouTube group, The Sidemen, is set to open its first outlet in Manchester. The group, which offers a range of chicken dishes with a choice of seven sauces, has agreed to take a 1,222 sq ft unit at Manchester Arndale on a 10-year…

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Today’s news in brief – 10/11/23

Krispy Kreme reported net revenues of $407.4m (£333m) in Q3, marking a 7.9% increase compared with the same quarter in 2022. The international segment saw a 15.4% growth in net revenue. The company reported a GAAP net loss of $40.3m (£32.9m) for the quarter. Adjusted EBITDA in the quarter grew…

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Krispy Kreme revenues hit $407.4m in Q3

Krispy Kreme reported net revenues of $407.4m (£333m) in Q3 2023, a 7.9% increase compared with Q3 2022.  Total company organic revenues grew 9.6% in the quarter, led by the US, which delivered 10.2% organic growth in the quarter driven by growth across all sales channels, including delivered fresh daily…

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Today’s news in brief – 05/10/23

Krispy Kreme is considering selling its majority stake in Insomnia Cookies, exploring strategic alternatives to unlock value. Krispy Kreme acquired the stake in 2018 and expects Insomnia Cookies to generate approximately $230m (£189.5m) in 2023 revenues. This move allows Krispy Kreme to focus on its core strategy of producing, selling,…

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Krispy Kreme mulls sale of Insomnia Cookies

Krispy Kreme has announced it is exploring strategic alternatives for Insomnia Cookies, to include considering an all-cash sale.  Krispy Kreme acquired a majority stake in Insomnia Cookies in 2018 and expects revenues of approximately $230m (£189.5m) in fiscal year 2023. The recent decision enables Krispy Kreme to unlock shareholder value…

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Krispy Kreme appoints president and managing director for UK and Ireland

Krispy Kreme has announced that it has appointed Jamie Dunning as its new president and managing director for the UK and Ireland. A former managing director and president at Mars Retail Group and sales director at Cadbury Schweppes, Dunning will take over from Richard Cheshire, who recently took the decision…

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Tim Horton announces temporary closures to all UK sites amid Covid-19 virus outbreak

Coffee chain Tim Hortons has announced temporary closures at its UK restaurants amid the Covid-19 virus outbreak. The chain, which released a statement on social media confirmed it will close all 25 of its stores by midnight today (24 March). The statement read: “At Tim Hortons, our priority is the…

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Krispy Kreme UK and Ireland closes sites temporarily amid Covid-19 outbreak

Krispy Kreme has announced the temporary closure of all its UK and Ireland stores amid the recent Covid-19 virus outbreak. In a recent statement, CEO Richard Cheshire said the company took the “difficult decision” to close all its stores from 6pm today (Monday 23 March 2020) for “a little while.”…

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