Krispy Kreme, Inc. (DNUT) Q3 2024 Earnings Call Transcript Summary
Krispy Kreme, Inc. (DNUT) Q3 2024 Earnings Call Transcript Summary
Adjusted EBITDA was $34.7 million, a decline of 20.7% mainly due to the sale of a majority ownership stake in Insomnia Cookies and impacted by incremental vehicle accident claims.The following is a summary of the Krispy Kreme, Inc. (DNUT) Q3 2024 Earnings Call Transcript:
以下是Krispy Kreme, Inc. (DNUT) 2024財年第三季度業績會實錄摘要：
Financial Performance:
財務表現:
Krispy Kreme reported net revenue of $380 million for Q3, with an 18% increase in points of access.
Organic growth for the quarter was reported at 3.5%, marking the 17th consecutive quarter of organic growth, primarily driven by 15% growth in both Fresh Daily and Digital sales.
Adjusted EBITDA was $34.7 million, a decline of 20.7% mainly due to the sale of a majority ownership stake in Insomnia Cookies and impacted by incremental vehicle accident claims.
Adjusted EBITDA margin declined to 9.1% with underperformance in the U.K. noted as a significant factor.
Krispy Kreme報告第三季度淨營業收入爲38000萬美元，點位數量增加了18%。
本季度有機增長率爲3.5%，標誌着連續第17個季度的有機增長，主要受Fresh Daily和數字銷售均增長15%的推動。
調整後的EBITDA爲3470萬美元，下降20.7%，主要是因爲出售了Insomnia Cookies的大部分股權，同時受到車輛事故索賠的影響。
調整後的EBITDA利潤率下降至9.1%，英國表現不佳被指出是一個重要因素。
Business Progress:
業務進展:
Krispy Kreme emphasized its strategy of making fresh doughnuts more accessible globally with significant expansion plans, including making doughnuts available in nearly 35,000 points of access across 50 countries within three years.
The company has started a nationwide rollout in partnership with McDonald's, expecting to reach approximately 2,000 McDonald's restaurants by the end of 2024.
A restructuring of management teams to focus on the U.S. market and international capital-light franchise model was announced to align talent and resources with business priorities.
Progress in U.S. expansion includes piloting daily deliveries to a small number of Costco warehouses in Southern California.
Krispy Kreme強調了其策略，即通過具有重大擴張計劃，使新鮮甜甜圈在全球範圍內更加易得，包括計劃在三年內將甜甜圈提供給近35000個點位，覆蓋50個國家。
該公司已經開始與麥當勞合作，在全國範圍內推出，預計到2024年底將覆蓋約2,000家麥當勞餐廳。
宣佈通過重組管理團隊，專注美國市場和國際資本輕資產特許經營模式，以使人才和資源與業務重點保持一致。
在美國擴張方面取得進展，包括在加利福尼亞南部的少量好市多倉庫進行每日配送的試點項目。
Opportunities:
機會：
The partnership with McDonald's for nationwide rollout in the U.S. is a significant growth opportunity. Additionally, the expansion into more retail locations like Target, Walmart, and an ongoing test in Costco showcases a multi-channel growth strategy in the U.S.
International growth prospects are highlighted, especially the expansion in new markets like Europe and Latin America.
與麥當勞在美國進行全國推廣的合作是一個重要的增長機會。此外，進入更多如Target、沃爾瑪等零售位置以及在好市多進行的持續測試展示了在美國的多渠道增長策略。
特別強調國際增長前景，尤其是在新市場如歐洲和拉丁美洲的擴張。
Risks:
風險：
The adjusted EBITDA margin declined due to several factors including underperformance in the U.K., and pressures from incremental vehicle accident claims, which might signal operational risks associated with logistics and insurance costs.
The impact of the divestiture of Insomnia Cookies impacting financial figures could signify risks related to strategic divestitures.
由於多種因素，包括英國業績不佳以及逐步增加的車輛事故索賠壓力，調整後的息稅折舊及攤銷前利潤率下降，這可能預示着與物流和保險成本相關的運營風險。
Insomnia Cookies的出售對財務數字的影響可能標誌着與戰略性出售相關的風險。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
