Krispy Kreme serves up 1.5M free donuts as part of COVID-19 vaccine push

Krispy Kreme, one of a growing number of companies incentivizing the COVID-19 vaccine push by offering freebies to Americans, has given away nearly 2 million donuts as part of its campaign, the company announced on Tuesday.

Since the offer of one free glazed donut with a valid vaccination card began on March 22, the donut chain has given away over 1.5 million donuts to vaccinated Americans. 

And with this Friday marking National Donut Day, Krispy Kreme plans to up the ante. On June 4, Americans who have received at least one vaccination shot can get two free donuts by showing their card.

In a statement, Krispy Kreme said "if you’re helping us get past this pandemic by getting your COVID-19 vaccine, then THANK YOU and have a second doughnut on us."

Back when the company first offered the incentive in March, the initiative sparked backlash from health advocates concerned about how it might encourage obesity — an underlying condition that exacerbates the effects of COVID-19.

But CEO Mike Tattersfield rebuffed the critique, telling Yahoo Finance in an interview that if "folks that want to get a vaccine, if they decide to combine a Krispy Kreme pickup [for] a donut, they can. That's how we look at it…. generosity."

And despite that controversy, customers came in droves to claim their free snack, which also helped drive Krispy Kreme's foot traffic higher. 

Compared to 2019, weekly visits were up 16.1% during the week of March 22, up 29.8% during the week of March 29, according to analytics firm Placer.ai. That was up 38.6% during the week of April 5 — and helped build momentum to an 88.6% surge in visits the week of May 10th, coinciding with the company's "Graduation Dozen" campaign. 

"The timing of the surge is excellent ahead of an expected IPO with the brand hoping to ride the wave of reopening’s and the return of routines to continued 2021 success," Ethan Chernofsky, CMO of Placer.ai, told Yahoo Finance.

Since the launch of this incentive, others have followed suit to lend a hand to help push the COVID-19 vaccine, including fast food giants like McDonald's (MCD), Shake Shack (SHAK) and others like United Airlines (UAL), Lyft (LYFT), Uber (UBER) and OKCupid. 

Brooke DiPalma is a producer and reporter for Yahoo Finance. Follow her on Twitter at @BrookeDiPalma or email her at [email protected]

READ MORE:

  • Krispy Kreme CEO defends COVID vaccine promotion: 'If folks don't want to visit a donut shop, they don't have to'

  • How Shake Shack, McDonald's and others are lending a hand to the COVID vaccine push

  • United Airlines joins corporate COVID-19 vaccine push, offers bid to win year of free flights

Source: Read Full Article