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Krispy Kreme’s Sales Rise Ahead of Its Planned IPO

Krispy Kreme Doughnuts To Be Bought by JAB In $1.35 Billion Deal

Photographer: Luke Sharrett/Bloomberg

Krispy Kreme reported a rebound in sales ahead of its planned return to public markets as American diners begin to come back to breakfast restaurants across the U.S.

Net revenue at the doughnut chain rose 23% to $321.8 million in the first quarter ended April 4, the company said in a filing with the U.S. Securities and Exchange Commission Tuesday ahead of its initial public offering. Its losses in the period significantly narrowed to $378,000 compared with nearly $11 million a year earlier.