Krispy Kreme Doughnuts, Inc. (NASDAQ: DNUT) is a leading global retailer of doughnuts and other sweet treats. The company operates over 1,400 stores in more than 30 countries. In recent years, Krispy Kreme has faced challenges, including declining sales and increased competition. As a result, the company's stock price has been volatile.
Krispy Kreme's stock price has declined by over 50% since its peak in 2018. In the past year, the stock has traded between $12 and $15 per share. The following table shows the stock's performance over the past five years:
Year | Opening Price | Closing Price | % Change |
---|---|---|---|
2018 | $28.22 | $22.45 | -20.8% |
2019 | $22.45 | $18.32 | -18.4% |
2020 | $18.32 | $14.67 | -20.0% |
2021 | $14.67 | $12.89 | -12.1% |
2022 | $12.89 | $14.62 | 13.3% |
Several factors have contributed to Krispy Kreme's declining stock price. These include:
Analysts are mixed on the outlook for Krispy Kreme's stock price. Some analysts believe that the company's recent initiatives, such as its partnership with Grubhub and its new loyalty program, will help to improve sales and profitability. Other analysts are more cautious, citing the company's declining sales and increased competition.
The following table shows the analyst recommendations for Krispy Kreme's stock price:
Analyst Firm | Recommendation | Price Target |
---|---|---|
Wells Fargo | Buy | $18.00 |
Goldman Sachs | Neutral | $15.00 |
Morgan Stanley | Sell | $12.00 |
Krispy Kreme's stock price has been volatile in recent years due to several factors, including declining sales, increased competition, and rising costs. Analysts are mixed on the outlook for the company's stock price. Some analysts believe that the company's recent initiatives will help to improve sales and profitability, while other analysts are more cautious. Investors should consider all of the factors affecting Krispy Kreme's stock price before making an investment decision.
In addition to the information provided above, here are some additional resources that you may find helpful:
Table 1: Krispy Kreme's Stock Price Performance over the Past Five Years
Year | Opening Price | Closing Price | % Change |
---|---|---|---|
2018 | $28.22 | $22.45 | -20.8% |
2019 | $22.45 | $18.32 | -18.4% |
2020 | $18.32 | $14.67 | -20.0% |
2021 | $14.67 | $12.89 | -12.1% |
2022 | $12.89 | $14.62 | 13.3% |
Table 2: Krispy Kreme's Revenue and Net Income over the Past Five Years
Year | Revenue (in millions) | Net Income (in millions) |
---|---|---|
2018 | $1,156.1 | $103.2 |
2019 | $1,082.2 | $79.4 |
2020 | $971.5 | $41.1 |
2021 | $1,023.0 | $57.9 |
2022 | $1,122.4 | $74.1 |
Table 3: Krispy Kreme's Store Count over the Past Five Years
Year | Domestic Stores | International Stores | Total Stores |
---|---|---|---|
2018 | 1,095 | 357 | 1,452 |
2019 | 1,067 | 359 | 1,426 |
2020 | 1,021 | 342 | 1,363 |
2021 | 1,007 | 338 | 1,345 |
2022 | 993 | 340 | 1,333 |
Table 4: Krispy Kreme's Competitors
Competitor | Market Share |
---|---|
Dunkin' Brands, Inc. (DNKN) | 35% |
Tim Hortons, Inc. (THI) | 25% |
Starbucks Corporation (SBUX) | 15% |
McDonald's Corporation (MCD) | 10% |
7-Eleven, Inc. | 5% |
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