Krispy Kreme (FRA:9YM) Gross Margin % : 74.95% (As of Dec. 2023)

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What is Krispy Kreme Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Krispy Kreme's Gross Profit for the three months ended in Dec. 2023 was €310 Mil. Krispy Kreme's Revenue for the three months ended in Dec. 2023 was €413 Mil. Therefore, Krispy Kreme's Gross Margin % for the quarter that ended in Dec. 2023 was 74.95%.

The historical rank and industry rank for Krispy Kreme's Gross Margin % or its related term are showing as below:

FRA:9YM' s Gross Margin % Range Over the Past 10 Years
Min: 69.03 Med: 73.07 Max: 74.42
Current: 73.71

During the past 6 years, the highest Gross Margin % of Krispy Kreme was 74.42%. The lowest was 69.03%. And the median was 73.07%.

FRA:9YM's Gross Margin % is ranked better than
97.44% of 312 companies
in the Retail - Defensive industry
Industry Median: 22.78 vs FRA:9YM: 73.71

Krispy Kreme had a gross margin of 74.95% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Krispy Kreme was 1.10% per year.

Krispy Kreme Gross Margin % Historical Data

The historical data trend for Krispy Kreme's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Krispy Kreme Gross Margin % Chart

Krispy Kreme Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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72.69

72.29

74.42

73.45

73.71

Krispy Kreme Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial													73.63	71.87	72.83	75.12	74.95

Competitive Comparison of Krispy Kreme's Gross Margin %

For the Grocery Stores subindustry, Krispy Kreme's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Krispy Kreme's Gross Margin % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Krispy Kreme's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Krispy Kreme's Gross Margin % falls into.

Krispy Kreme Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Krispy Kreme's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	1139.7	/	1546.157
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1546.157 - 406.453)	/	1546.157
	=	73.71 %

Krispy Kreme's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	309.9	/	413.48
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(413.48 - 103.576)	/	413.48
	=	74.95 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Krispy Kreme (FRA:9YM) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Krispy Kreme had a gross margin of 74.95% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Krispy Kreme Gross Margin % Related Terms

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Krispy Kreme (FRA:9YM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Krispy Kreme Inc (FRA:9YM) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

DNUT:USA

Address

2116 Hawkins Street, Charlotte, NC, USA, 28203

Website

https://www.krispykreme.com

Krispy Kreme Inc is a sweet treat brands company. The company's Original Glazed doughnut is recognized for its hot-off-the-line, melt-in- your-mouth experience. It operates in 30 countries through its network of fresh Doughnut Shops, partnerships with retailers, and a growing ecommerce and delivery business. The company conducts its business through the following three reported segments namely U.S. and Canada, includes all operations in the U.S. and Canada, Insomnia Cookies shops, and the Branded Sweet Treat Line; International includes operations in the U.K., Ireland, Australia, New Zealand, and Mexico; and Market Development includes franchise operations across the globe, as well as operations in Japan.

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