DNUT: Krispy Kreme Bakes in Sweet 39% Gain in Best Day Ever After McDonald’s Deal

Shares of the doughnut maker gave investors a sugar high after McDonald’s said it will start offering the sweet treats in all restaurants by the end of 2026.

Key Points:

• Krispy shares bake in crispy gains.
• Doughnuts in every McD’s by 2026.
• Shares erase all losses so far in 2024.
• Krispy Kreme stock DNUT baked in a sweet 39% rise after the company unveiled a deal to sell its doughnuts at McDonald’s MCD restaurants across the US. Shares of Krispy had their best day ever and closed the trading session at $17.35 a piece. The single-day leap erased all the year-to-date losses and positioned the stock well in the green for the year so far.
• McDonald’s said it will start offering Krispy’s sweet treats in the second half of 2024 and plans to have a full rollout across US states by the end of 2026. This is not the first joint effort by the burger chain and the doughnut maker. Back in 2022, they set up a test run with 9 McDonald’s locations and later expanded to 160 in efforts to meet big demand. McDonald’s has more than 13,500 restaurants in the US.
• The deal is expected to more than double Krispy Kreme’s distribution to cover all McD’s locations. The glazed-doughnut maker has been slinging the sweet treats for over 80 years and has stores all around the world. It floated shares to the public for the second time in 2021 after it was taken private in 2016 by its largest shareholder JAB Holding.