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Krispy Kreme accelerates partnership with McDonald's to expand DFD channel

Nov 07, 2024•over 1 year ago

Contract Type

partnership

CharlotteFood and BeverageFood And BeverageE CommerceRetail

Description

Krispy Kreme's third quarter sales fell to $379.9 million, with a 6.8% decline compared to the same quarter. However, their partnerships with McDonald's and other retailers like Target, Walmart, and Costco have remained strong, contributing to a 3.5% year-over-year organic revenue growth of $376.4 million. The DFD channel also grew by 15% during the quarter. CEO Josh Charlesworth expressed positive consumer response to the partnership with McDonald's and emphasized the convenience of purchasing fresh doughnuts from the quick-service burger giant's restaurants.

Company Information

Company

Krispy Kreme

Location

Charlotte, North Carolina, United States

About

Krispy Kreme is one of the most beloved and well-known sweet treat brands in the world. Our iconic Original Glazed® doughnut is universally recognized for its hot-off-the-line, melt-in-your-mouth experience. Krispy Kreme operates in over 30 countries through its unique network of fresh doughnut shops, partnerships with leading retailers, and a rapidly growing Ecommerce and delivery business with nearly 12,000 fresh points of access. Our purpose of touching and enhancing lives through the joy that is Krispy Kreme guides how we operate every day and is reflected in the love we have for our people, our communities and the planet.

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