10-K · March 6, 2026
Krispy Kreme reports fiscal 2025 revenue of $1,522.6 million and operates 15,194 Global Points of Access as of December 28, 2025. Management has implemented a 4-part turnaround plan focused on refranchising, return on…
Earnings analysis · 10-Q
DNUT earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
Krispy Kreme reported Q1 2026 financial results with a revenue of $367.0 million, marking a 2.2% decrease from the prior year, alongside a net loss improvement to $22.7 million from $33.4 million in Q1 2025. Adjusted…
Read full summary
Krispy Kreme reported Q1 2026 financial results with a revenue of $367.0 million, marking a 2.2% decrease from the prior year, alongside a net loss improvement to $22.7 million from $33.4 million in Q1 2025. Adjusted EBITDA rose significantly by 38.0% to $33.1 million, highlighting progress in its turnaround strategy despite ongoing operational challenges.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.05
What stood out
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Revenue Surprises on the Upside
Actual revenue was $367.0 million, 2.4% higher than estimates of $358.6 million.
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Improved Adjusted EBITDA Growth
Adjusted EBITDA surged 38.0% year-on-year to $33.1 million, up from $24.0 million.
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Significant Net Loss Reduction
Net loss decreased by 32.1% to $22.7 million from $33.4 million in the previous year.
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Increase in Cash Reserves
Cash and cash equivalents rose to $74.2 million from $42.4 million at the end of the last quarter.
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Growing Digital Sales Channel
Growth in the digital sales channel fueled overall revenue performance despite total net revenue declines.
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Sustained Operational Efficiency Improvements
Operating expenses decreased 5.4%, reflecting cost-saving measures and efficiency initiatives.
What to watch
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Decline in Organic Revenue
Organic revenue declined 2.6%, exacerbated by a decrease in Global Points of Access by 15.9%.
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Persistent Net Losses
Despite improvements, the company still reported a net loss of $22.7 million.
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Impact of Refranchising on Revenue
Revenue decrease due to $9.1 million associated with refranchising efforts across segments.
Management's outlook
Management expects full-year revenue between $1.25 billion and $1.35 billion, with adjusted EBITDA of $140 to $150 million.
Earlier filings 4
10-Q · November 6, 2025
Krispy Kreme reported total net revenues of $375,298 (in thousands) for the quarter ended September 28, 2025, a modest decline versus $379,867 (in thousands) in the prior-year quarter. The company recorded an operating…
10-Q · August 8, 2025
Krispy Kreme reported Q2 net revenues of $379,767,000 and a GAAP net loss attributable to Krispy Kreme, Inc. of $435,260,000 for the quarter ended June 29, 2025, driven primarily by a $356.0 million goodwill impairment…
10-Q · May 8, 2025
Krispy Kreme reported Q1 net revenue of $375.184M, down from $442.698M a year ago, producing an operating loss of $20.269M versus operating income of $11.908M in Q1 2024 and a diluted loss per share of $0.20 (vs. $0.05…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.