Krispy Kreme reported a jump in revenue for the first quarter of 2021 as the doughnut chain readies its return to the stock market after five years, according to a filing for an initial public offering (IPO) that was made public on today, Reuters reported. Krispy Kreme last month confidentially filed with U.S. regulators for an IPO. The company first went public in 2000, but it had to file for chapter 11 protection in 2005 following financial restatements, investigations into its accounting practices and a plunge in sales at some of its franchisees. It was bought by privately owned JAB Holding Co in a $1.35 billion deal in 2016 when the investment firm was ramping up its bets on coffee and restaurant businesses. Krispy Kreme’s planned listing comes at a time when demand is rising for snacks and sweets from customers craving familiar treats while staying at home due to COVID-19 restrictions. The company reported revenue of $321.8 million in the quarter ended April 4, compared with $261.2 million a year earlier.
