Krispy Kreme Raises FY21 Outlook; Reaffirms Long-Term Forecast

Krispy Kreme Inc (NASDAQ:DNUT) has updated its guidance for full-year 2021, citing strong momentum in the fourth quarter.
The company raised the FY21 sales outlook to $1.37 billion - $1.385 billion from the prior view of $1.34 billion - $1.38 billion, against the consensus of $1.37 billion.
The company expects an adjusted EBITDA of $182 million - $187 million, versus the previous expectation of $178 million - $185 million.
"We have been able to successfully pass through price increases in the U.S. in September and November addressing inflation," stated CEO Mike Tattersfield.
Krispy Kreme also reiterated its long-term outlook for organic revenue growth of 9% - 11%, adjusted EBITDA growth of 12% - 14%, and adjusted net income growth of 18% - 22%.
Meanwhile, the company anticipates exceeding the long-term targets in the full year 2022.
Price Action: DNUT shares are trading lower by 2.15% at $16.80 in premarket on the last check Monday.