AssetID: 53602489
Headline: UNCAPTIONED: Krispy Kreme to Be Sold at McDonald's Nationwide
Caption: Krispy Kreme to Be Sold at McDonald’s Nationwide. Both food chains made the announcement on March 26, CNBC reports. The rollout will start later this year but will take until the end of 2026 to reach McDonald's nationwide. That's because Krispy Kreme will have to "more than double its distribution" to meet demand, CNBC reports. "We think we can service about 6,000 restaurants with our existing infrastructure, mostly doughnut shops, which have excess capacity." Shares of Krispy Kreme jumped 22% following the announcement. Krispy Kreme is also expanding distribution to grocery and convenience stores. "That means that the overall efficiency and productivity of our distribution network will significantly improve over time, not just because of all those local deliveries." Currently, Krispy Kreme typically makes more doughnuts than it can sell, so churning out even more product will take few additional costs. "Overall, therefore, it makes our system more profitable to grow the deliver fresh daily channel, and McDonald’s is an accelerator of that.", Krispy Kreme CEO Josh Charlesworth, to CNBC. THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Krispy Kreme,Sold,McDonald's,Nationwide,Donuts,Doughnut,Food,Food Chains,Company,Agreement,Deal,Service Restaurants,Improve,Deliveries,Groceries,Conveniences Stories
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