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Would think their ranking in IBD should be atracting attention soon as well.
The CEO specifically stated this past July that he expects a certain "multiple" of number of stores within the next 7 years.
Does that mean 1,600 stores? 2,400 stores? Who knows.
It really doesn't matter.
What seems to matter most is that they have a very secure financial footing, SOON TO BE ACCELERATED expanding footprint per yesterdays PR...AND...
An ICONIC Brand.
Put it all together and it spells GROWTH. Real Growth that WS can believe in now that they have spent the last 3 years showing they can improve and grow earnings efficiently and signficantly.
There was a reason they traded close to $50 nine years ago...
HUGE potential for this BRAND.
Article from IBD this AM about Krispy Kreme and its strong ranking.
As you can see...mentioned this nearly one month ago.
A new phase should arrive. Fundamental analysis should now propel KKD.
Once funds become aware of the strength of KKD you have a new subset of buyers.
Are the chances pretty good that KKD will lay out a fairly detailed plan for the recently announced domestic expansion at next weeks Investor Conference?
Maybe they will shed some light on the expected number of potential new stores in the coming half decade (a range estimate)?
Hi, I'm new to KKD.. Do you know what number IBD has this on their list? Do they give price targets?
Wouldn't doubt it backs off a bit for the rest of the day.