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Krispy Kreme revenue surges ahead of planned stock market listing

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Krispy Kreme reported a jump in revenue for the first quarter of 2021 as the doughnut chain readies its return to the stock market after five years, according to a filing for an initial public offering (IPO) that was made public on Tuesday (June 1).

The company first went public in 2000, but it had to file for Chapter 11 bankruptcy in 2005 following financial restatements, investigations into its accounting practices and a plunge in sales at some of its franchisees.

Krispy Kreme's planned listing comes at a time when demand is rising for snacks and sweets from customers craving familiar treats while staying at home due to COVID-19 restrictions.

 

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