Betsy Hamm has resigned as CEO of Duck Donuts following reports of corporate layoffs. While the exact number of employees affected remains undisclosed, the company stated that these changes are part of a strategic realignment to support its growing franchise system. Duck Donuts reported strong financial performance with a 10% increase in year-over-year sales and an 11.3% rise in unit count.
Betsy Hamm has stepped down as CEO of Duck Donuts in Hampden Township amid reports of corporate layoffs. File photo by Dan Gleiter | [email protected] Duck Donuts didn’t say how many employees were impacted by the layoffs but in a statement sent to Nation’s Restaurant News the chain said it “continues to grow and develop as a brand. This requires continuous reallocation of staff, to properly support our franchise system .
Duck Donuts added that positions within the chain’s headquarters were evaluated and changes made to ensure the company remains on a “growth trajectory.” A Duck Donuts spokesperson confirmed to the publication that Hamm departed the company. Hamm was appointed CEO in 2021 at the time the companyThe chain appears to be financially well-positioned since the acquisition. Quoting data from Technomic Ignite, Nation’s said Duck Donuts year-over-year sales increased 10% from 2022 to 2023 and its unit count increased 11.3%.
According to Nation’s Restaurant News, Hamm posted the following on LinkedIn: “Serving as CEO for nearly four years has been the greatest honor of my career, and I couldn’t be prouder of how far Duck Donuts has come.”These Pa. restaurants named most romantic in the nation If you purchase a product or register for an account through a link on our site, we may receive compensation.and agree that your clicks, interactions, and personal information may be collected, recorded, and/or stored by us and social media and other third-party partners in accordance with our
CEO Resignation Layoffs Duck Donuts Franchise System Financial Performance
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