Krispy Kreme Growth
Krispy Kreme Doughnuts, Inc. reported financial results for fiscal year ended January 31, 2016, when revenues increased 5.8% to $518.7 million from $490.3 million.
System-wide domestic same store sales rose 3.9%, including a 2.4% gain at company shops. System-wide store count rose 13.6% during the year to 1,121 company and franchise shops worldwide.
President and Chief Executive Officer Tony Thompson commented: “We are pleased with continued growth of the Krispy Kreme brand throughout fiscal 2016. During the year, we increased total revenue by almost 6%, adjusted earnings per share by 14%, operating cash flow by 26% and expanded our worldwide store count by 14% to over 1,100 stores."
Thompson said he believes fiscal 2017 will be another year of sustainable growth. "As part of these efforts, we are refining our retail store model to deliver better returns while executing on our four key business drivers: accelerating global growth; leveraging technology; enhancing our core menu; and maximizing brand awareness."