TechCulture Krispy Kreme’s third-quarter revenue climbed 18%, boosted by higher prices on its fresh doughnuts, helping the chain offset rising commodity and labor costs.
For the fiscal third quarter ended Oct. 3, Krispy Kreme said its net loss attributable to the company narrowed to $5.7 million, or 4 cents per share, from a net loss of $14.9 million, or 12 cents per share, a year earlier.
Excluding Krispy Kreme’s exit from the wholesale business, organic revenue climbed 14% compared with a year ago and 22% on a two-year basis.
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