Krispy Kreme revenue surges ahead of planned stock market listing

0
137

A man walks past a Krispy Kreme “Hot Now” neon sign in Times Square in the Manhattan borough of New York City, New York, U.S., October 16, 2020. REUTERS/Carlo Allegri/File Photo

Krispy Kreme reported a jump in revenue for the first quarter of 2021 as the doughnut chain readies its return to the stock market after five years, against the backdrop of rising demand for sugary snacks during the pandemic.

The company reported revenue of $321.8 million in the quarter ended April 4, compared with $261.2 million a year earlier, according to a filing for an initial public offering (IPO) that was made public on Tuesday. (https://bit.ly/3yUuGbK)

Krispy Kreme last month confidentially filed with U.S. regulators for an IPO. read more

The company was bought by privately owned JAB Holding Co in a $1.35 billion deal in 2016, when the investment firm was ramping up its bets on coffee and restaurant businesses.

After being cooped up at home for more than a year, vaccinated…

Read more…