In the fourth quarter, we wrapped up another great year for fundraising and, in total, raise more than $40 million globally in 2022 for local communities, a roughly 25% increase from 2021.įundraising has long been an integral part of Krispy Kreme's purpose as part of our efforts to give back and support local communities and issues while generating brand love. We are committed to positively impacting the world by loving our people, our communities, and our planet. The purpose of our company is to touch and enhance the lives of others through the joy that is Krispy Kreme. In 2022, 36% of our customers bought our doughnuts for a party or special event in their life up from just 10% a few years ago. As an affordable indulgence today, we love the fact that more than 80% of our doughnuts are bought to be shared with others, including as gifts. Since 1937, we've been serving our iconic Original Glazed Doughnut to customers, and it's always been about sharing moments among friends, family, and community. Without your efforts and dedication, this would not be possible. In 2022, we had positive organic growth in every country around the world despite a turbulent macro environment and double-digit organic growth in all three segments in the fourth quarter. I want to start today's call by thanking our Krispy Kremers, our team members, for driving another strong quarter and year of revenue growth. We are pleased to share our fourth-quarter and full-year 2022 results as organic growth accelerated from the third quarter driven by our continued successful execution of our omnichannel strategy and strong performance of our premium offerings for celebration events and holidays. Good morning, and thank you, everyone, for joining us today. Mike Tattersfield - President and Chief Executive Officer With that, I'll now turn the call over to Mike. Reconciliation between non-GAAP financial measures and their closest comparable GAAP measures can be found in the company's fourth quarter 2022 earnings release and Form 8-K filed today, and our Form 10-K, which will be file with the SEC later this month will also be made available on our website. Additionally, today's call will include certain non-GAAP financial measures. The company assumes no obligation to update or revise any forward-looking statements, except as may be required by law. Forward-looking statements made today speak only as of today. These factors and other risks and uncertainties are described in detail in the company's Form 10-K filed with the SEC on March 11, 2022. *Stock Advisor returns as of February 8, 2023 and Krispy Kreme, Inc. wasn't one of them! That's right - they think these 10 stocks are even better buys. They just revealed what they believe are the ten best stocks for investors to buy right now. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* When o ur award-winning analyst team has a stock tip, it can pay to listen. Forward-looking statements involve a number of inherent risks and uncertainties, and we caution investors that these risks could cause actual results to differ materially from those contained in any forward-looking statements.ġ0 stocks we like better than Krispy Kreme, Inc. Before we begin, I'd like to remind you that this call contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities and Litigation Reform Act of 1995, including statements of expectations, future events, or future financial performance. After prepared remarks, there will be a question-and-answer session. Joining me on the call this morning is Mike Tattersfield, president, chief executive officer Josh Charlesworth, global president, chief operating officer and Jeremiah Ashukian, chief financial officer. Our earnings release and an accompanying earnings presentation deck are available on the Investor Relations portion of our website at. Good morning, everyone, and welcome to Krispy Kreme's fourth-quarter and full-year 2022 earnings call.
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