The company recorded a 6% decrease in pre-tax profits to €1.16m in the 52 weeks to January 2nd this year despite the €2.37m increase in revenues.
The decrease in profits arose from higher costs as Krispy Kreme continued its expansion here beyond its record breaking doughnut selling store in Blanchardstown to open its second stand alone outlet here in Swords.
In the current year, the company advanced its expansion plans with a new outlet at One Central Plaza, Dame Street in Dublin City Centre two weeks ago.
According to the directors, despite being impacted by the pandemic during the year the business “has remained profitable and is able to look forward to a future of investment and growth”.
The directors stated that the business “began 2021 with the retail operations impacted by Covid-19 restrictions and hence focused on sales and investment in the grocery partners in the early part of the year”.
The directors added that with the easing of the Covid-19 restrictions during the year “the retail segment saw uplift in sales and new stores were opened”.