McDonalds’ customers may be able to order a Big Mac with a side of large fries, and one original glazed Krispy Kreme doughnut in the future. In late October, the two consumer giants kicked off the “unique” partnership. Both McDonald’s and Krispy Kreme are currently conducting a small operations test at nine McDonald’s restaurants in Louisville, KY, and surrounding areas. Krispy Kreme CEO Mike Tattersfield told Yahoo Finance the collaboration is only in its early stages. “It’s really early days,… Source link
Read More »Why Krispy Kreme is one of the few companies not worried about inflation
Customers and companies alike are getting nervous about soaring inflation — but Krispy Kreme (DNUT) is a notable exception. CEO Mike Tattersfield told Yahoo Finance visits are “infrequent” enough that higher prices on its donuts is not steering customers away. “The average user visits a Krispy Kreme two and a half times a year,” Tattersfield told Yahoo Finance in a recent interview. When visitors do walk through the doors, “it’s about a celebration…it’s about a shared experience,” the… Source link
Read More »Krispy Kreme is raising prices in September because of inflation
Krispy Kreme (DNUT) will look to take a price increase in September as it battles to protect margins from higher costs for key commodities such as edible oils and sugar. CEO Mike Tattersfield said on Yahoo Finance Live the price hikes won’t be exorbitant, owing likely to the price sensitive consumer that frequents the donut-hawking brand. “We are really disciplined on pricing. We are a dozens business, so we do always pay attention to an accessible price point. So when you think about the… Source link
Read More »Krispy Kreme pops in 2nd IPO as CEO sees ‘transformed’ company
Krispy Kreme (DNUT) on Thursday began its second incarnation as a public company, listing on the Nasdaq under the ticker symbol “DNUT.” Shares of the doughnut chain priced in at $17 on Wednesday, slightly below the expected range of $21 to $24. Yet the stock popped by nearly 10% in midday trading, after a lackluster debut at $16.30 per share. Analysts had initially seen Krispy Kreme’s valuation topping $3 billion, but the stock listing undermined some of the loftier estimates. Still, CEO… Source link
Read More »Krispy Kreme offers a free donut to people who get vaccinated
As President Joe Biden ramps up the country’s mass vaccination efforts, Krispy Kreme hopes to provide a sweet incentive for Americans to get a COVID-19 shot — a free glazed donut. Beginning Monday, customers who show a valid COVID-19 vaccination card at any U.S. Krispy Kreme can receive a free original glazed donut throughout the remainder of 2021. (Courtesy: Krispy Kreme Vaccine) The company is also offering up to four hours of paid time off to help “encourage and enable their COVID-19… Source link
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