Krispy Kreme reports Q3 adjusted EPS 1c, consensus (5c)

Reports Q3 revenue $375.3M, consensus $378.28M. “The third quarter marked a significant pivot as we implemented our comprehensive turnaround plan focused on Krispy Kreme’s (DNUT) two biggest opportunities: profitable U.S. expansion and capital-light international franchise growth. Early results showed progress over the second quarter with reduced leverage, positive free cash flow, and substantially higher adjusted EBITDA. I am particularly pleased by the ongoing optimization and profitable expansion of our U.S. fresh delivery model, productivity improvements, and the removal of costs related to our now-ended McDonald’s USA partnership.” “Looking ahead to the remainder of 2025 and beyond, we expect further improvement in adjusted EBITDA and positive free cash flow. We also anticipate progress on our refranchising agenda and continued profitable expansion with key customers in the U.S., all while reducing capital spending and paying down debt,” said Krispy Kreme CEO Josh Charlesworth.