Krispy Kreme is aiming to cut time in its doughnut production line through automation.
"Probably within the next 18 months, you'll see some automation starting to go into the frosting, the filling, the sprinkles, and even the packaging," Krispy Kreme CEO Mike Tattersfield told Yahoo Finance Live .Investor Day,The addition of robots is part of an effort to maximize the fresh hub and spoke model opportunity in the United States, and increase points of access to deliver-fresh-daily to grocery stories, convenience stores, quick-serve restaurants, and other locations.
By 2022 fiscal-year end, Krispy Kreme estimated it will have roughly 5,400 points of access in 30 countries, bringing in approximately $475 million in total revenue. By 2026, it's projecting more than 12,000 points of access in 45 countries, with plans to bring in more than $660 million in revenue. An employee holds a Holiday variety box at a Krispy Kreme Doughnuts store in Burbank, California, U.S., July 1, 2021. REUTERS/Mario Anzuoni
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