Krispy Kreme Reports Third Quarter 2024 Financial Results
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Krispy Kreme reported its Q3 2024 financial results, showing a net revenue of $379.9 million and a 3.5% growth in organic revenue. The company achieved a GAAP net income of $37.6 million, largely due to the sale of a majority stake in Insomnia Cookies.
November 07, 2024 | 12:00 pm
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Krispy Kreme's Q3 2024 results show a positive financial performance with a net revenue of $379.9 million and a 3.5% increase in organic revenue. The GAAP net income of $37.6 million was significantly influenced by the sale of a majority stake in Insomnia Cookies.
The financial results indicate a strong quarter for Krispy Kreme, with revenue growth and a significant net income boost from the Insomnia Cookies transaction. This positive performance is likely to have a favorable impact on the stock price in the short term.
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