Hole new direction: Biggest hike in two years for Krispy Kreme sales

Shares in Krispy Kreme haven seen their biggest rise in two years as revenues at the doughnut retailer jump 9%. Overall revenue was up 9.0% to $132.5m for the first quarter ending 3 May, with the bulk of this improvement being driven by its U.S. stores. Sales at its U.S. outlets climbed 5.2%, trouncing analyst expectations and sparking a buying frenzy for its shares. Krispy Kreme’s shares climbed 13.9% to $19.81 on Thursday in New York, the biggest one-day gain for the doughnut chain since May 2013. In spite of Thursday’s strong performance Krispy Kreme shares remain 11.7% lower than at the start of the year.

Internationally we signed agreements in Cambodia, Guatemala, and South Africa as part of our goal to enter a total of six new countries this year.

Krispy Kreme CEO Tony Thompson

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