DNUT News & Events

Reports Q1 revenue $367M, consensus $359.43M. "The first quarter highlighted significant progress across every pillar of our turnaround plan. We reduced net leverage, increased adjusted EBITDA margin by 260 basis points, and delivered positive free cash flow. We also closed two refranchising transactions, expanded access to our fresh doughnuts in the U.S. quarter-over-quarter, and accelerated the outsourcing of U.S. logistics, which is now complete. Strong consumer demand during recent holidays such as Valentine's Day and St. Patrick's Day also demonstrated that we remain a top choice for gifting, sharing, and celebrating," said Krispy Kreme CEO Josh Charlesworth. "We expect this momentum to continue through 2026, driven by profitable growth in the U.S. with key strategic partners, higher digital sales, and international expansion. For the full year, we are issuing guidance for net revenue and adjusted EBITDA, updating our net leverage reduction target, and reaffirming our outlook for systemwide sales growth."

Sees FY26 adjusted EBITDA $140M-$150M. Systemwide sales up 2% to 4% year-over-year in constant currency; Open at least 100 shops, nearly all of which are expected to be franchised; Free cash flow of more than $15M; Net leverage ratio below 5.5x; Capital expenditures of $50M-$60M.

Krispy Kreme "announced an agreement with Jafa Holding BV to bring Krispy Kreme to the Netherlands, with the country's first shop expected to open in late 2026. The expansion marks a significant milestone as the Company continues to grow globally through its capital-light franchise model. The first Netherlands Hot Light Theater Shop will feature the brand's iconic Hot Light experience and serve as both a retail location and a production hub, anchoring a broader phased expansion across the country. The Company expects approximately 30 locations to open over the next five years. Looking ahead, the Company expects to open at least 100 shops globally and three to four new international markets this year, including the Netherlands, as it continues to work with experienced franchise operators to bring the joy that is Krispy Kreme to more people in more places around the world."