The U.S. donut industry is worth about $3.6 billion.
The $3.6 billion doughnut industry saw sales jump by 9% last year. The
three fastest-growing doughnut chains are Dunkin' Donuts, Krispy Kreme
and Tim Hortons.
The three fastest-growing doughnut chains: Dunkin' Donuts, Krispy
Kreme and Tim Hortons
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Stores 2002 Sales 2002 Sales Growth
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Krispy Kreme 218 $622 million 38.7%
Dunkin' Donuts1 3,600 2.7 billion 8.1%
Tim Hortons2 160 $115 million 20.0%
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1 ? franchise of Allied Domecq Quick Service Restaurants;
2 ? operated by The TDL Group (Wendy's is parent company); Source: Technomic
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Tim Hortons has 2,000 stores in Canada, is expanding into the USA
under owner Wendy's. It has 60 U.S. locations, with 40 more on tap.
USA Today: May 2003
http://www.usatoday.com/money/industries/food/2003-05-27-doughnut-growth_x.htm
According to an article in the Silicon Investor the donut insustry is
worth $3 billion.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=19654350
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Americans consume an estimated 10 billion doughnuts a year.
?Dunkin' Donuts, the world's largest doughnut retailer, which is owned
by the British conglomerate Allied Domecq PLC, serves more than 2
million customers and 6.4 million doughnuts each day. Operations such
as LaMar's Donuts (based in Lincoln, Neb.), Winchell's Donut House
(based in Santa Ana, Calif.) and Tim Hortons (based in Oakville,
Ontario, Canada) are pursuing aggressive growth strategies, while some
of the country's finest restaurants are serving up home-made doughnuts
for dessert. ?
National Restaurant Association
http://www.restaurant.org/rusa/magArticle.cfm?ArticleID=672
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From Hoover?s :
?Most of Krispy Kreme's stores are stand-alone units offering
drive-through service. Franchisees operate almost two-thirds of the
chain's locations. In addition, Krispy Kreme sells its doughnuts to
retail grocery outlets and convenience stores.?
2004 Sales (mil.) $665.6
1-Year Sales Growth 35.4%
2004 Net Income (mil.) $57.1
1-Year Net Income Growth 70.4%
2004 Employees 6,982
1-Year Employee Growth 78.4%
Chairman, President, and CEO: Scott A. Livengood
COO: John W. Tate
CFO: Michael C. Phalen
http://www.hoovers.com/krispy-kreme/--ID__53559--/free-co-factsheet.xhtml
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Krispy Kreme Doughnuts, Inc
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2004 2003 2002 2001
Annual Sales ($ mil.) 665.6 491.5 394.4 300.7
Annual Net Income ($ mil.) 57.1 33.5 26.4 14.7
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Source: Hoover?s
http://www.hoovers.com/krispy-kreme/--ID__53559--/free-co-fin-factsheet.xhtml
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See the Financial Filings for Krispy Kreme Doughnuts, Inc at the following link:
http://www.hoovers.com/krispy-kreme/--ID__53559,Page__1,Sort__D--/free-co-sec.xhtml
FORM 10-K http://www.hoovers.com/free/co/secdoc.xhtml?ipage=2735012&doc=0&attach=on
Krispy Kreme Doughnuts
?Our competitors include retailers of doughnuts and snacks sold
through supermarkets, convenience stores, restaurants and retail
stores. We compete against Dunkin? Donuts, which has the largest
number of outlets in the doughnut retail industry, as well as against
regionally- and locally-owned doughnut shops. We also compete against
other retailers who sell sweet treats such as cookie stores and ice
cream stores. We compete on elements such as food quality, concept,
convenience, location, customer service and value. Customer service,
including frequency of deliveries and maintenance of fully stocked
shelves, is an important factor in successfully competing for shelf
space in grocery stores and convenience stores.?
?In the packaged doughnut market, we offer a full product line of
doughnuts and snacks that are sold on a consignment basis and are
typically merchandised on a free-standing branded display. We compete
primarily withother well-known producers of baked goods, such as
Hostess, Dolly Madison and Entenmann?s, and some regional brands.?
http://www.hoovers.com/free/co/secdoc.xhtml?ipage=2735012&doc=0&attach=on
================================================
?Krispy Kreme has a 30.6 percent share of the U.S. doughnut market.
The 67-year-old chain includes 394 stores in the U.S., Australia,
Canada, Mexico and U.K. and Legg Mason analysts estimates it could
have as many as 800 U.S. stores before saturation.?
$989.7 million in annual sales for 2004
10.2% Companywide same-store sales increase for fiscal 2004
North Carolina The state has one Krispy Kreme store for every 400,000 inhabitants
2000: Year Krispy Kreme went public
7.5 million doughnuts produced each day
$6 billion U.S. doughnut store industry sales by 2007
60% of stores are franchises
http://retailtrafficmag.com/mag/retail_traffic_patterns_9/
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Trends:
?Krispy Kreme Doughnuts, long known for its high-calorie treats, says
it plans to offer a low-sugar doughnut to attract dieters and
diabetics.
Exactly how low the sugar content would be was unclear. Krispy Kreme
spokeswoman Amy Hughes said the new doughnut is still in the early
stages of development. It is set to debut before the end of 2004.?
Krispy Kreme Doughnuts Inc. is the second-largest U.S. doughnut chain.
?Chief Executive Officer Scott Livengood added 35 new stores to the
chain's 394 outlets, moving toward his goal of 1,000 in North America
by end of the decade.?
?As the company expands, the low-carbohydrate diet trend in the U.S.
has contributed to a reduction in average weekly store sales to
$69,100 from $76,000 a year earlier, investors say.?
Sun-Sentinel: March 12 2004
http://216.239.39.104/search?q=cache:PisDf3DLDU0J:www.sun-sentinel.com/business/local/sfl-312krispykreme,0,1361646.story%3Fcoll%3Dsfla-business-headlines+the+second-biggest+U.S.+doughnut+chain&hl=en
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"U.S. sales of packaged doughnuts have continued to slide since Krispy
Kreme Doughnuts (KKD) warned last month that the low-carb craze had
taken a bite out of business."
http://www.usatoday.com/money/industries/food/2004-06-30-donut-decline_x.htm
================================================
?The anti-obesity crusade has caught up with Krispy Kreme Doughnuts Inc.
The Winston-Salem doughnut maker said yesterday that it plans to offer
a low-sugar doughnut.?
http://www.miami.com/mld/miamiherald/business/national/8164084.htm
================================================
You can read a detailed analysis of Krispy Kreme Doughnuts here:
http://webuser.bus.umich.edu/Lundholm/mywebs/valuedog/KKD%20Report.doc
This report provides information regarding:
- Business Strategy
- Industry and Competition
- Growth strategy
- Key Success Factor
- Main Risks
- Accounting Analysis
- Financial Analysis
- Forecasting
================================================
Read the following reports (free)
Research Proposal for Krispy Kreme Doughnuts, Inc.
http://www.smu.edu/ecenter/discourse/CourtneyFox2.htm
Future International Expansion for Krispy Kreme Donuts
April 24, 2003
http://www.personal.psu.edu/users/b/m/bmo116/BA%20422W%20Project-KKD.doc
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Dunkin? Donuts, which boasts $2.7 billion in sales compared with
Krispy Kreme?s less than $500 million.
http://www.elpasoinc.com/Archive/04_25_04/CoverStory.html
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Allied Domecq
?Dunkin', a division of Allied Domecq (AED ) based in Randolph, Mass.,
boasts 600 stores in the Boston area and 3,800 stores nationwide, vs.
Krispy Kreme's 292. Its $2.8 billion in annual revenue dwarfs Krispy
Kreme's sales of $492 million in the year ending Feb. 2.?
(..)
?Krispy Kreme's blistering expansion has helped it pick up market
share. In 2002, it owned 13.1% of the U.S. doughnut market, up from
4.8% in 1999. In the same period, Dunkin' Donuts' share has dropped 20
points, to 57%.?
(..)
?The chain plans to open 342 new stores this year in the U.S. and 630
more in 2004 -- the equivalent of more than three entire Krispy Kreme
chains. ?
Can Dunkin' KO Krispy?
Read the full text of this article at the direct link to the BusinessWeek article.
http://www.businessweek.com/bwdaily/dnflash/jul2003/nf2003073_6817_db014.htm
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Allied Domecq Quick Service Restaurants
?A division of wine and spirits maker Allied Domecq, ADQSR franchises
more than 11,300 quick-service eateries, including Dunkin's Donuts,
Baskin-Robbins, and Togo's. With about 5,800 locations (more than
3,800 in the US), Dunkin' Donuts is the world's leading chain of
doughnut shops, while Baskin-Robbins is a leading seller of ice cream
and frozen snacks with more than 5,100 outlets (about half are located
in the US).?
http://www.hoovers.com/allied-domecq-qsr/--ID__107680--/free-co-factsheet.xhtml
================================================
Winchell?s
?Winchell?s Donut Houses Operating Company is a leading doughnut chain
on the West Coast, with more than 200 company-owned and franchised
shops. The stores offer about 70 kinds of doughnuts and other bakery
products, along with a selection of coffee and cappuccino drinks.
Winchell's has stores in about a dozen states, primarily in
California; a small number of units can be found overseas. Franchisees
operate about 70 of the locations.?
2002 Sales (mil.) $60.0 (est.)
1-Year Sales Growth 0.0% (est.)
2002 Employees 1,300 (est.)
1-Year Employee Growth 0.0% (est.)
President: Bob Zanolli
Source: Hoover?s
http://www.hoovers.com/winchell's/--ID__53641--/free-co-factsheet.xhtml
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TLD Group
http://www.hoovers.com/tim-hortons/--ID__106334--/free-co-factsheet.xhtml
Wendy's International, Inc
http://www.hoovers.com/wendy's/--ID__11621--/free-co-factsheet.xhtml
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I hope you find this information helpful!
Best regards,
Bobbie7 |
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