Krispy Kreme Blanchardstown records average weekly revenues of nearly €87k
Blanchardstown store reports strong profits despite being closed between March and May of last year
19 October 2021 | 0
Despite being temporarily shut due to the Covid-19 pandemic, Krispy Kreme Blanchardstown recorded average weekly revenues of €87,000 last year.
New accounts for Krispy Kreme Ireland Ltd show it continued to make impressive profits in spite of the pandemic impacting operations for 10 months of the year under review.
Nevertheless, pre-tax profits dropped by 31.5% to €1.247m for the 53 weeks to the end of 3 January this year. Revenues decreased by 30% from €6.59m to €4.6m or an average weekly revenue of €86,924 across the 53 weeks.
Between March and May of last year, the Blanchardstown store was closed in line with Covid-19 restrictions and received €121,000 in Temporary Wage Subsidy Scheme (TWSS) payments
After re-opening in May 2020, although still impacted by the pandemic, the business “remained profitable in 2020 and is able to look forward to a future of investment and growth,” directors said.
At present, Krispy Kreme has a planning application before Dublin City Council for signage at an outlet at Central Plaza on Dame Street for opening “circa Christmas 2021 subject to planning permission being granted”. Another store is planned to open at the Swords Pavilion Shopping Centre in north Dublin this winter.
Krispy Kreme Ireland paid out a dividend of €1.66m last year.