Krispy Kreme

For the rapper formerly known as Krispy Kreme, see Froggy Fresh.

Krispy Kreme, Inc.
Krispy Kreme
Company typePublic
IndustryRestaurant
FoundedJuly 13, 1937; 87 years ago (1937-07-13)
FounderVernon Rudolph
HeadquartersCharlotte, North Carolina, U.S.
Number of locations
1,400[1]
Area served
Worldwide
Products
  • Baked goods
  • Frozen beverages
  • Hot beverages
  • Iced beverages
  • Soft drinks
RevenueIncrease US$518.714 million (2016)[2]
Increase US$52.098 million (2016)[2]
Increase US$32.398 million (2016)[2]
Total assetsDecrease US$342.875 million (2016)[2]
Total equityDecrease US$256.140 million (2016)[2]
OwnerJAB Holding Company
(2016–2021)
Number of employees
21,000 (April 1, 2021)
Websitekrispykreme.com

Krispy Kreme, Inc. (previously Krispy Kreme Doughnuts, Inc.) is an American multinational doughnut company and coffeehouse chain.

Krispy Kreme was founded by Vernon Rudolph (1915–1973), who bought a yeast-raised recipe from a New Orleans chef, rented a building in 1937 in what is now historic Old Salem in Winston-Salem, North Carolina, and began selling to local grocery stores.[3][4] Steady growth preceded an ambitious expansion as a public company in the period 2000 to 2016, which ultimately proved unprofitable. In 2016, the company returned to private ownership under JAB Holding Company, a private Luxembourg-based firm. In July 2021, Krispy Kreme became publicly traded again on the Nasdaq.[1]

Their name is a sensational spelling of the words "crispy cream".

  1. ^ a b Cite error: The named reference ibd-ipo-july2021 was invoked but never defined (see the help page).
  2. ^ a b c d e "KRISPY KREME DONUTS INC 2016 Q4 Quarterly Report Form (10-K)". United States Securities and Exchange Commission. January 31, 2016. Archived from the original on February 5, 2020. Retrieved August 21, 2017.
  3. ^ "Krispy Kreme – About Us". Archived from the original on January 18, 2018. Retrieved December 24, 2012.
  4. ^ Taylor, David A. "The History of the Doughnut". Smithsonian Magazine. Archived from the original on August 13, 2020. Retrieved August 20, 2020.