7.71%
increase; green up pointing triangle is retooling its distribution network to prioritize selling doughnuts through retailers like Walmart
decrease; red down pointing triangle and Costco, according to its chief executive, as part of a turnaround effort launched in the aftermath of its split with McDonald’s MCD 2.16%increase; green up pointing triangle.
The 88-year-old doughnut brand cut its tally of global points of access, or locations where its doughnuts are sold worldwide, by more than 6% in the third quarter. The company is making profitable growth its north star and shedding distribution points that have been underperforming, Chief Executive Josh Charlesworth said.
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