Want to see DNUT full AI Analyst Report?
Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.15Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive outlook: the company demonstrated meaningful profitability improvement (38% adjusted EBITDA growth), generated positive free cash flow in Q1, advanced refranchising to reduce capital intensity and debt, and provided constructive 2026 guidance (net revenue $1.25B–$1.35B; adjusted EBITDA $140M–$150M). Headwinds include a modest decline in net revenue (-2.2%) and localized declines in some segments (U.S. organic revenue -4%, International EBITDA -2.9%) largely related to strategic refranchising and prior door closures. Given the stronger set of measurable improvements in profitability, cash flow, deleveraging progress and operational initiatives versus the manageable revenue and regional challenges, the overall tone is positive.Company Guidance
Adjusted EBITDA Growth
Adjusted EBITDA of $33.1M in Q1, up 38% year-over-year, marking the third consecutive quarter of year-over-year adjusted EBITDA growth driven by productivity initiatives and corporate cost control.
U.S. Segment Profitability Improvement
U.S. adjusted EBITDA increased 61% to $25.5M versus prior year; average weekly sales per door rose to $685 (up 16.7% year-over-year and 3.8% quarter-over-quarter); U.S. adjusted EBITDA margin improved by 480 basis points year-over-year.
Positive Free Cash Flow and Lower CapEx
Generated positive free cash flow in Q1 (first positive Q1 free cash flow since 2021 IPO). 2026 guidance targets positive free cash flow > $15M and capital expenditures of $50M–$60M, approximately a 50% reduction from prior year.
Deleveraging Progress and Liquidity
Net leverage ratio improved to 5.5x (improved 1.2x quarter-over-quarter and ~2.0x since turnaround announcement); liquidity increased to > $300M; bank leverage below 4x, reducing interest spread by 25 basis points.
Refranchising and Capital-Light Growth
Completed refranchising agreements including Japan (with Unison Capital) and reduction of Western U.S. JV stake to 20% with WKS, supporting deleveraging and capital-light expansion; company expects 2–3 international refranchising deals in 2026 and projects >100 shop openings (nearly all franchised) in 2026.
System-wide Sales and 2026 Guidance
System-wide sales of $485.3M in Q1, up 0.7% in constant currency excluding McDonald's; company expects system-wide sales to grow 2%–4% in constant currency for 2026 and provided full-year guidance of net revenue $1.25B–$1.35B and adjusted EBITDA $140M–$150M (guidance reflects completed refranchisings).
Operational Efficiencies and Logistics Outsourcing
Completed outsourcing of U.S. fresh delivery logistics ahead of schedule, improving cost predictability and reducing operational risk; shop and delivery labor and SG&A expenses declined more than 10% year-over-year in Q1.
Digital and Product Strength
Digital channel represented 23% of U.S. retail sales in Q1; loyalty program exceeds 17 million members; strong performance of Original Glazed dozens, LTOs (record Valentine's Day and St. Patrick's Day sales), and successful promotional extensions (e.g., Artemis 2 doughnut).
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 |
|---|---|---|---|
May 07, 2026 | $3.68 | $3.64 | -1.09% |
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% |
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, Inc. (DNUT) report earnings?
Krispy Kreme, Inc. (DNUT) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is Krispy Kreme, Inc. (DNUT) earnings time?
Krispy Kreme, Inc. (DNUT) earnings time is at Aug 06, 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 (Q2) is -0.04.
