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