Krispy Kreme (DNUT)
NASDAQ:DNUT
Earnings Data
Report Date
May 07, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.03Last Year’s EPS
-0.05Same Quarter Last Year
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized measurable progress on the turnaround: materially stronger adjusted EBITDA, improved cash generation, lower capital spending, progress on refranchising with a Japan deal and international expansion plans, digital growth and door productivity improvements. These positives were tempered by near-term revenue declines driven by strategic door rationalizations and some softness in certain international markets, and the company still carries elevated leverage (though improving). Overall, the operational and financial momentum presented indicates the highlights significantly outweigh the lowlights.Company Guidance
System-Wide Sales and 2026 Growth Outlook
Generated approximately $2.0 billion in system-wide sales in 2025 and provided guidance for system-wide sales growth of 2% to 4% in 2026.
Strong Adjusted EBITDA Performance
Second half 2025 adjusted EBITDA of $96.2 million (more than double H1's $44.1 million). Fourth quarter adjusted EBITDA was $55.6 million, up 21% year-over-year and 37% quarter-over-quarter.
Improved Cash Flow and Liquidity
Fourth quarter operating cash flow of $45.0 million and free cash flow of $27.9 million; free cash flow rose $34.8 million year-over-year. Year-end excess liquidity of $207 million.
Material CapEx Reduction
Full year 2025 capital expenditures decreased 19% versus 2024, and management expects 2026 CapEx to be nearly half of 2025 (guidance: $50 million to $60 million).
Deleveraging Progress
Net leverage ratio improved by 0.6x quarter-over-quarter to 6.7x; management expects to be at or below 6.0x by end of Q1 2026 and targets net leverage at or below 5.5x for full-year 2026.
U.S. Profitability Improvements
U.S. adjusted EBITDA increased 39.1% year-over-year to $32.8 million; excluding a $4.8 million cybersecurity insurance recovery, U.S. adjusted EBITDA showed a 33% quarter-over-quarter improvement to $28.0 million.
Door Productivity and Mix Optimization
Average weekly sales per door increased to $660, a 7% sequential increase; added >1,100 higher-volume, higher-margin fresh delivery doors in 2025 and expanded U.S. fresh delivery to over 7,000 doors with network utilization around 25% (room to expand without significant new capacity).
Digital & Loyalty Momentum
U.S. digital sales grew 15% year-over-year and comprised 22.5% of U.S. retail sales in Q4; U.S. loyalty program surpassed 17 million members.
Progress on Refranchising & International Expansion
Announced refranchising agreement for Japan with Unison Capital expected to close in March for approximately $65 million in cash proceeds; targeting 2-3 additional international refranchising deals in 2026. Operate >1,700 international shops across 40+ countries and expect more than 100 shop openings globally in 2026; ended 2025 with 2,125 shops and plan to open 3-4 new international franchise markets in 2026.
Margin Expansion and Operational Efficiency
Company-wide initiatives delivered labor, production and SG&A efficiencies: total shop and delivery labor and SG&A expenses declined more than 10% in H2 2025 vs H1. International adjusted EBITDA rose (company-owned International adjusted EBITDA +4.1% to $26.8 million) and adjusted EBITDA margin improved to 18.8% (up 20 bps YoY, up 230 bps QoQ). Outsourced 57% of U.S. fresh delivery network by end of 2025 to gain predictable costs and expect completion in 2026.
DNUT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DNUT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $2.99 | $3.82 | +27.76% |
Nov 06, 2025 | $3.77 | $3.91 | +3.71% |
Aug 07, 2025 | $3.42 | $3.18 | -7.02% |
May 08, 2025 | $4.33 | $3.26 | -24.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Krispy Kreme (DNUT) report earnings?
Krispy Kreme (DNUT) is schdueled to report earning on May 07, 2026, After Close (Confirmed).
What is Krispy Kreme (DNUT) earnings time?
Krispy Kreme (DNUT) earnings time is at May 07, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DNUT EPS forecast?
DNUT EPS forecast for the fiscal quarter 2026 (Q1) is -0.03.
