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Krispy Kreme Inc (NASDAQ:DNUT ) stock is 21.9% higher at $15.17 at last glance, following news that the company will sell its donuts in McDonald's (MCD) restaurants in the U.S. by the end of 2026.
Shares in Krispy Kreme (DNUT) soared 18% in early trading Tuesday after the company said it is planning to sell its doughnuts at fast-food giant McDonald's (MCD) restaurants nationwide by the end of 2026.
Krispy Kreme shares soared the most since July 2021 after McDonald's agreed to bring the chain's doughnuts to restaurants across the US. Krispy Kreme's doughnuts will first become available at some McDonald's later this year and a nationwide rollout is expected by the end of 2026.
Shares of Krispy Kreme surged after the donut maker said it has reached a deal to sell its donuts at McDonald's restaurants across the U.S.
McDonald's is planning to sell Krispy Kreme's three most popular donuts -- original glazed, chocolate iced with sprinkles, and chocolate iced cream-filled -- at all of its US locations by the end of 2026.
Shares of Krispy Kreme surged as much as 23% in premarket trade on Tuesday after the company and McDonald's said they plan to provide Krispy Kreme's donuts across the fast-food giant's U.S. restaurants by the end of 2026.
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Krispy Kreme will more than double its distribution to reach McDonald's restaurants nationwide.
Krispy Kreme reports internationalization efforts in 7 new countries and potential net sales acceleration from new products like Insomnia Cookies. DNUT's balance sheet shows a large amount of goodwill and intangible assets, mainly financed with debt. Ecommerce efforts, loyalty memberships, and media impressions are expected to drive net sales growth, while international expansion presents a significant opportunity.
While the top- and bottom-line numbers for Krispy Kreme (DNUT) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.