Krispy Kreme Reports Q3 2025 Financial Results

Krispy Kreme, Inc. ( (DNUT) ) has released its Q3 earnings. Here is a breakdown of the information Krispy Kreme, Inc. presented to its investors.

Krispy Kreme, Inc. is a globally recognized brand in the sweet treats industry, known for its iconic Original Glazed® doughnut, operating through a network of fresh doughnut shops, retail partnerships, and a growing digital presence across more than 40 countries.

In its third-quarter 2025 financial report, Krispy Kreme outlined its progress on a comprehensive turnaround plan aimed at achieving sustainable, profitable growth. The company reported a net revenue of $375.3 million, a slight decrease from the previous year, alongside a GAAP net loss of $20.1 million. However, the company saw a 17% increase in adjusted EBITDA, reaching $40.6 million, and generated positive free cash flow of $15.5 million.

Key financial highlights include a 0.6% increase in organic revenue, driven by international growth, and a strategic reduction in global points of access by 6.1% to optimize profitability. The U.S. segment faced a revenue decline due to the sale of Insomnia Cookies and strategic closures, yet showed improved profitability with a 50.9% increase in adjusted EBITDA. Internationally, the company experienced a 7.3% revenue growth, particularly in Canada, Japan, and Mexico, despite a decline in points of access.

Looking forward, Krispy Kreme’s management remains optimistic about further improvements in adjusted EBITDA and free cash flow, with a focus on refranchising and profitable U.S. expansion while reducing capital expenditures and debt.

As Krispy Kreme continues to refine its business model, the company aims to leverage its brand strength and operational efficiencies to drive long-term growth and shareholder value.