Krispy Kreme records €1.3m loss as economic conditions hit footfall and raise costs

Company accounts show that despite opening two new stores, numbers employed reduced from 181 to 167

The directors stated that during the year the firm continued to grow its retail estate and on December 29 last operated 14 retail locations - an increase of two during the year. File photo: Leon Farrell/Photocall Ireland

The Irish arm of doughnut maker, Krispy Kreme, last year recorded a pre-tax loss of €1.3m as economic conditions impacted store footfall and rising cost pressures.

New accounts show that last year Krispy Kreme Ireland Ltd recorded the pre-tax loss as revenues decreased by 5.5% from €14.94m to €14.12m. The pre-tax loss of €1.3m followed the company enjoying a pre-tax profit of €112,000 in 2023.