Staying afloat: A Krispy Kreme doughnut store in New York. The company says it plans to raise prices in September to offset higher labour and commodity costs. — Bloomberg
BENGALURU: Krispy Kreme Inc forecast stronger annual revenue after beating second-quarter estimates on Tuesday, betting on its online business, drive-thru and new menu items to soften any hit from the Covid-19 Delta variant.
The doughnut maker’s shares rose 2% in extended trading after its first earnings report since returning as a listed company in July. The company also said it plans to raise prices in September to offset higher labour and commodity costs.
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