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Krispy Kreme DOUGHNUTS Krispy Kreme Reports Strong Second Quarter 2021 Results , Demonstrates Power of Omni - Channel Strategy August 17 , 2021 Net Revenue Growth of 43 % and Organic Growth of 23 % Adjusted EBITDA Growth of 78 % Provides 2021 Guidance and Long - Term Financial Outlook CHARLOTTE , N.C .-- ( BUSINESS WIRE ) -- Aug . 17 , 2021-- Krispy Kreme , Inc. ( NASDAQ : DNUT ) ( “ Krispy Kreme " or the " Company " ) today reported financial results for the second quarter ended July 4 , 2021 and issued full - year and long - term guidance . The Company reported 43 % net revenue growth and organic growth of 23 % , following strong performance across all business segments . On a two - year stack basis , organic revenues grew 16 % since 2019 . " These results show the ongoing success from the implementation of our growth strategy , " said Mike Tattersfield , CEO of Krispy Kreme . " Our continued delivery of organic revenue growth and Adjusted EBITDA ahead of our expectations demonstrates that our omni - channel approach is working . The second quarter saw great continued momentum in the U.S. and Canada , enhanced by strong ongoing recovery in International . As a result , we are confident in our short and long - term growth targets as we continue to execute on our strategy , providing awesome fresh doughnuts as we become the most loved sweet treat brand in the world . " $ in millions , except per share data Net Revenue Organic Revenue Growth ( 1 ) ( 2 ) ( 4 ) GAAP Net Income / ( Loss ) Adjusted Net Income ( 2 ) Adjusted EBITDA ( 2 ) Adjusted EBITDA Margin ( 2 ) GAAP Diluted EPS Adjusted Diluted EPS ( 2 ) Global Points of Access ( 3 ) Notes : Q2 2021 $ 349.2 $ 55.0 $ ( 15.0 ) $ 20.5 $ 52.4 15.0 % $ ( 0.13 ) $ 0.13 9,575 % vs 2020 42.6 % 22.5 % ( 28.3 ) % 254.1 % Second Quarter Consolidated Results 77.8 % + 300bps ( 30.0 ) % 225.0 % 69.9 % % vs 2019 49.8 % 15.7 % ( 69.6 ) % 199.1 % 64.5 % + 130bps 58.5 % 2. Non - GAAP figures - please refer to Reconciliation of Non - GAAP Financial Measures . 3. Does not include legacy DSD doors as it only includes " fresh " points of access . 4. Organic Revenue Growth " % vs 2019 " figures are calculated as a two - year stack . First Half 2021 $ 671.0 $ 76.8 $ ( 15.4 ) $ 38.1 $ 98.8 14.7 % $ ( 0.16 ) $ 0.25 1. Organic revenue growth negatively impacted by $ 27.1 million in Q2 2021 and $ 57.9 million in the first half of 2021 due to exit of the legacy wholesale business . % vs 2020 32.6 % 15.2 % 32.1 % 125.5 % 49.9 % + 170bps 15.8 % 108.3 % Krispy Kreme's second quarter results showcased strong , accelerating growth compared to both before and throughout COVID - 19 . Organic revenue grew 22.5 % in the quarter , up from a 6.7 % decline in the second quarter of 2020 and from 3.1 % growth in the second quarter of 2019. Organic revenue growth was driven by our International segment , which performed stronger than prior to the COVID - 19 pandemic , as well as by the ongoing transformation of our U.S. and Canada business into a fully - implemented Hub and Spoke model ( each as defined below ) . Adjusted Net Income grew 254.1 % to $ 20.5 million in the quarter . We saw a GAAP net loss of $ 15.0 million , largely driven by initial public offering ( " IPO " ) costs , related - party interest expense , and incremental tax expenses associated with the United Kingdom corporate tax rate change and limitation of executive compensation expense deduction as a result of the IPO . Adjusted EBITDA grew 77.8 % to $ 52.4 million , and Adjusted EBITDA margin of 15.0 % also increased from 12.0 % the previous year . GAAP diluted loss per share was $ 0.13 for the second quarter of 2021 , with Adjusted Diluted EPS increasing to $ 0.13 from $ 0.04 in the second quarter of 2020 . Key Growth Drivers : Our second quarter in 2021 illustrates the continued and successful execution of our growth algorithm , centered on three key elements that combine to drive growth on both the top and bottom lines : Increasing frequency through marketing , innovation , and ecommerce . Year to date , our marketing and innovation generated over 16.3 billion media impressions in the U.S. alone , largely driven by the success of our vaccine program and innovative product rollouts . In addition , ecommerce comprised 19 % of total company shop sales , representing strong progress as we continue to expand our ecommerce platforms . Increasing availability of our fresh doughnuts through new points of access as we execute on our omni - channel strategy . In the first half of the year alone , we have added 1,300 global points of access , driven by the transition from our legacy wholesale business to Delivered Fresh Daily