Preview

J.Co and Krispy Kreme

Powerful Essays
Open Document
Open Document
3115 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
J.Co and Krispy Kreme
CHAPTER 1

THE PROBLEM AND ITS BACKGROUND

INTRODUCTION
A doughnut or donut is a type of fried dough confectionery or dessert food. The doughnut is popular in many countries and prepared in various forms as a sweet snack that can be homemade or purchased in bakeries, supermarkets, food stalls, and franchised specialty outlets. Doughnuts have a disputed history. One theory suggests they were invented in North America by Dutch settlers, who were responsible for popularizing other American desserts, including cookies, apple and cream pie, and cobbler. Indeed, in the 19th century, doughnuts were sometimes referred to as one kind of oliekoek (a Dutch word literally meaning "oil cake"), a "sweetened cake fried in fat."
Comprehensive review of recent dessert statistics, tracking consumer buying habits, home baking statistics and demographics. After meals, 70% of consumers eat dessert at least once a week, with 36% twice or more; mid-evening snack (54%), afternoon (42%), late at night (40%), mid-morning (33%). According to the International Dairy-Deli-Bakery report "What's in Store?" - 2011 instore sales reached $10.2 billion, a 2.2% increase - with the most popular products including: cookies (84%), doughnuts (80%), special occasion cakes (79%), Danish/pastries (72%), muffins (71%), pies (68%), brownies (61%), and cupcakes (59%). Supermarket center aisle sales include: cookies ($3.7 billion), pastries/doughnut ($1.7 billion), baking mixes ($1.1 billion), and prepared pies and cakes ($1 billion). ("Digging into Desserts," in Food Technology, November 2011 (Vol. 65, No. 11), p. 17)
Krispy Kreme is an international doughnut and coffee brand that is best known for its Original Glazed Doughnuts and Signature Coffee. The brand is present in more than 20 countries worldwide including the United States, Australia, Korea and the Philippines. Vernon Rudolph bought a secret yeast-raised doughnut recipe from a New Orleans French chef, rented a building in what is now

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Krispy Kreme

    • 325 Words
    • 2 Pages

    1. In each round trip transaction, Krispy Kreme recognized additional income in an amount more or less equal to the funds that were paid back from the franchises. As a result, Krispy Kreme filed annual, quarterly, and current reports with the SEC that contained misstated financial results, failed to have books and records that accurately and fairly reflected its transactions and disposition of assets, and failed to set up and maintain internal accounting controls sufficient to provide reasonable assurances that its accounts were accurately stated in accordance with generally accepted accounting principles.…

    • 325 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Krispy Kreme is a relatively small doughnut seller. It has only 295 stores while Dunkin Donuts has over 3,600 outlets in the United States and Canada. In spite of its size, Krispy Kreme has been described by many as “the hottest brand in America.” The company’s success in an environment which has made success difficult for many food operations is due in large part to the long-term vision of its top management and its establishment and achievement of S.M.A.R.T. goals. The company originated in Winston-Salem, North Carolina, in the mid-1930s when Vernon Rudolph bought a secret recipe for yeast doughnuts from a French pastry cook. Rudolph ran the company until he died in 1973 without naming a successor, which caused the company problems for the next decade.…

    • 1977 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    Ben and Jerry's

    • 1454 Words
    • 6 Pages

    Ben and Jerry 's ice cream and the amazing success the company has experience over the years could be loosely summed up as a story that began with two friends coming together with a vision to create a company that did not adhere to the traditional corporate rules of running a business. They both had certain ideals and a socially and economic responsible opinion on how a capitalist business should be run. There are a lot of similarities in the way this company is run and operated when compared to South West Airlines. They are of course offering two different things to there customers, South West providing a service where Ben and Jerry 's are providing a product but the way that they go about there daily business in the spirit of treating people a certain way, and setting out to complete a different kind of vision then say a more traditional company would is very similar.…

    • 1454 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Krispy Kreme

    • 1155 Words
    • 5 Pages

    Question 1: Analysts are predicting that Krispy Kreme will be able to perform highly effectively and continue to grow rapidly in the coming two years. Do you agree with their analysis? If so, why? If not, why not?…

    • 1155 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Dunkin' Donuts restaurant is one of the world’s largest companies in fast food industry, which deals in wide range of hot, iced and cold beverages, baked goods, sandwiches and soft drinks etc. it was founded in 1950 and now operating in more than 33 countries with good quality of food at affordable price. It gains customer loyalty just because of efficiency and effectiveness of management, good communication and quality of food. It has high turnover rate and comes in list of top five restaurants globally.…

    • 3273 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    An Analysys of Krispy Kreme

    • 8044 Words
    • 33 Pages

    Krispy Kreme, a leading, well-established brand of high quality doughnuts, is still in a stage of astonishing growth potential. According to Dain Rauscher Wessels…

    • 8044 Words
    • 33 Pages
    Powerful Essays
  • Good Essays

    There are many dystopic experiences in Incognito and the real world. Examples include Nazi Germany, North Korea, the Taliban and Joseph Stalin.…

    • 341 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Mcdonalds and Starbucks

    • 1763 Words
    • 8 Pages

    McDonalds and Starbucks spend huge dollars developing their brand names and marketing initiatives domestically and internationally. How do you think McDonalds and Starbucks are able to establish their brands to fit local markets through architectural design of the stores, their e-commerce strategies and service to accommodate the local markets and culture?…

    • 1763 Words
    • 8 Pages
    Better Essays
  • Better Essays

    Krispy Kreme is a highly successful company, whose main product, not surprisingly, is doughnuts. Founded in 1937 in Winston-Salem, NC by Vernon Rudolph, Krispy Kreme Doughnuts (KKD) specializes in premium quality doughnuts. KKD offers over 25 different varieties of doughnuts as well as a coffee line with espresso-based drinks, frozen beverages, and milk products. Krispy Kreme in FY 2008 had $429.3 million is sales, and currently employs 4,033 (http://www.hoovers.com/krispy-kreme/--ID__53559--/free-co-factsheet.xhtml). Krispy Kreme currently has around “300 doughnut stores and more than 200 smaller-format satellite locations throughout the US and in more than a dozen other countries”(http://www.hoovers.com/krispy-kreme/--ID__53559--/free-co-factsheet.xhtml). Krispy Kreme has about 100 company-owned, and the remaining are franchised stores. They sell doughnuts in retail stores, supermarkets, convenience stores and other retail outlets. Krispy Kreme’s best-known product is the fresh, glazed, yeast doughnut, called the “Hot Original Glazed”. Krispy Kreme also produces over a dozen other varieties of yeast and cake doughnuts. The company went public in 2000, and saw a hugely successful increase in share price immediately after. KKD currently has three major…

    • 1686 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Krispy Kreme Inc.

    • 1013 Words
    • 5 Pages

    As we begin to analyze Krispy Kreme Doughnuts from a quantitative perspective, we will address our first issue; Was the company healthy? When assessing liquidity and profitability ratio performance compared to their competition, KKD seems to be doing well. The company showed a current ratio of 3.25, as opposed to their industry average of 1.17 at END of FY2003. (See Appendix attached) They show a net profit margin of 8.58%, being above the average by 2.38%. Although these ratios may seem strong, we believe them to have been calculated based on inflated figures. When reviewing the Krispy Kreme Doughnut Company’s financial statements, we can see that the statements are overstated. Firstly, as the article in the Journal pointed out, interest paid by their franchise agreements was recorded as interest income, translating into pure profit rather than having it shown as interest owed.…

    • 1013 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    consumers can change their habits from eating doughnuts to other sweet foods such as icecream or pastries.…

    • 344 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Ben and Jerry's

    • 382 Words
    • 2 Pages

    This case was prepared by Katherine A. Auer of (he lndlOno University and Alan N. Hoffman of Bentley College. Ben & Jerry's Grows Up -Boston Globe…

    • 382 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Ben And Jerry's

    • 1007 Words
    • 5 Pages

    Ben and Jerry’s was founded in 1978 by childhood friends Ben Cohen and Jerry Greenfield. They had a dream of starting a company together but they didn’t have any experience in business. Due to their love for food, they came up with the idea of making bagels or ice cream, but the cost of the equipment for bagels was much higher so they chose to produce homemade ice cream (citation). They learned only from small business pamphlets and a correspondence course from Penn State University (citation).…

    • 1007 Words
    • 5 Pages
    Good Essays
  • Good Essays

    mak itam cantik

    • 1065 Words
    • 5 Pages

    Krispy Kreme makes it possible for different organizations throughout the community to use there product as a fundraiser.…

    • 1065 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    J.Co Donuts & Coffee

    • 5427 Words
    • 22 Pages

    However, the Club of Life will not restrict itself in its publications to the unfortunately necessary attack on organizations which hopefully will soon be consigned by history to insignificance; rather, we want to present concrete research and development programs which demonstrate how the presently existing limits to…

    • 5427 Words
    • 22 Pages
    Powerful Essays

Related Topics