Earnings summaries and quarterly performance for Krispy Kreme.
Executive leadership at Krispy Kreme.
Joshua Charlesworth
Detailed
President and Chief Executive Officer
CEO
AH
Alison Holder
Detailed
Chief Brand and Product Officer
AY
Angela Yochem
Detailed
Chief Information and Technology Officer
AA
Atiba Adams
Detailed
Chief Legal Officer and Corporate Secretary
JE
Joseph Esposito
Detailed
Chief Accounting Officer
NS
Nicola Steele
Detailed
Chief Operating Officer
RD
Raphael Duvivier
Detailed
Chief Financial Officer
TZ
Theresa Zandhuis
Detailed
Chief People Officer
Board of directors at Krispy Kreme.
Research analysts who have asked questions during Krispy Kreme earnings calls.
Daniel Guglielmo
Capital One
4 questions for DNUT
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Rahul Krotthapalli
JPMorgan Chase & Co.
4 questions for DNUT
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William Chappell
Truist Securities
3 questions for DNUT
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AP
Andrew Paul Wolf
CL King & Associates
2 questions for DNUT
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Brian Harbour
Morgan Stanley
2 questions for DNUT
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DP
David Palmer
Evercore ISI
2 questions for DNUT
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SS
Sara Senatore
Bank of America
2 questions for DNUT
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Brian Mullan
Piper Sandler
1 question for DNUT
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IA
Isiah Austin
Bank of America
1 question for DNUT
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Jaafar Mestari
BNP Paribas
1 question for DNUT
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JT
Jon Tower
Citigroup
1 question for DNUT
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Recent press releases and 8-K filings for DNUT.
Krispy Kreme Outlines Turnaround Plan and Growth Strategy at ICR Conference
DNUT
New Projects/Investments
Revenue Acceleration/Inflection
- Krispy Kreme is implementing a turnaround plan focused on capital-light and more profitable growth and deleveraging its balance sheet, with early results showing promise.
- The company is actively pursuing refranchising, including a recent agreement in Japan expected to generate approximately $65 million for debt paydown, and is also reducing its ownership stake in a U.S. joint venture for similar purposes.
- Capital expenditure is projected to be lower in 2026 compared to 2025, contributing to an improved free cash flow trajectory.
- Operational improvements include outsourcing U.S. delivery logistics (expected to be fully outsourced in 2026) and rationalizing 1,500 underperforming doors while adding 1,000 new, higher-volume, higher-margin doors.
- Digital commerce accounts for approximately 20% of retail sales and grew 17% in Q3 2025, supported by a loyalty program with 16 million U.S. members.
Jan 12, 2026, 2:00 PM
Krispy Kreme Outlines Turnaround Plan and Growth Strategy at ICR Conference
DNUT
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Krispy Kreme has initiated a turnaround plan focused on capital-light and more profitable growth and deleveraging its balance sheet.
- The company is evolving to a capital-light international franchise model, with a recent refranchising agreement in Japan expected to generate approximately $65 million for debt paydown.
- CapEx in 2026 will be lower than 2025, primarily for repairs and maintenance, which is expected to improve free cash flow.
- Initiatives to expand margins include optimizing production, increasing labor productivity, and outsourcing U.S. delivery logistics, with the entire U.S. network expected to be outsourced by 2026.
- Digital commerce represents about 20% of retail sales and grew 17% in Q3 last year, supported by a loyalty program with 16 million members in the U.S..
Jan 12, 2026, 2:00 PM
Krispy Kreme Outlines Turnaround Plan and Strategic Initiatives at ICR Conference 2026
DNUT
M&A
New Projects/Investments
- Krispy Kreme, Inc. presented its turnaround plan at the ICR Conference 2026, focusing on deleverageing the balance sheet and driving sustainable, profitable growth.
- A key part of this plan involves refranchising international markets, with an estimated ~$65 million in proceeds from Japan refranchising expected to be used for debt paydown, projected to close in the first quarter of 2026.
- The company aims to expand margins through greater operational efficiency, including outsourcing 54% of U.S. logistics and leveraging existing doughnut production capacity, which currently has ~25% U.S. network utilization.
- As of the third quarter of fiscal 2025, Krispy Kreme operates in 40+ countries with ~2,100 shops and ~15,000 fresh delivery points of access, with over 90% of sales derived from doughnuts.
Jan 12, 2026, 2:00 PM
Krispy Kreme Outlines Turnaround Plan and Growth Strategy at ICR Conference
DNUT
New Projects/Investments
Guidance Update
Revenue Acceleration/Inflection
- Krispy Kreme initiated a turnaround plan in summer 2025 focused on capital-light, profitable growth, and deleveraging its balance sheet, with early promising results.
- The company is transitioning to a capital-light international franchise model, with a recent refranchising agreement in Japan expected to generate approximately $65 million for debt paydown. Discussions are also ongoing to reduce a U.S. JV stake, with proceeds also aimed at debt reduction.
- Operational efficiencies are being driven by outsourcing the entire U.S. delivery network by 2026 and rationalizing 1,500 underperforming doors while adding 1,000 higher-volume, higher-margin doors.
- CapEx in 2026 will be lower than 2025, primarily for maintenance, which, combined with operational improvements, is expected to improve free cash flow.
- Significant growth opportunities exist, with U.S. household penetration under 15% and production network utilization at 25%. Digital commerce grew 17% in Q3 2025, representing 20% of retail sales, supported by 16 million loyalty members.
Jan 12, 2026, 2:00 PM
Krispy Kreme Announces Strategic Refranchising Agreement for Japan
DNUT
M&A
- Krispy Kreme announced a strategic refranchising agreement to sell its operations in Japan to Unison Capital, Inc..
- The transaction is estimated to generate approximately $65 million in cash proceeds, dependent on fiscal year 2025 financial results for Japan.
- Proceeds from the sale are expected to be used for debt pay down after transaction-related fees and expenses.
- The transaction is projected to close in the first half of fiscal year 2026.
Dec 19, 2025, 5:21 PM
Krispy Kreme Announces Strategic Refranchising Agreement for Japan
DNUT
M&A
New Projects/Investments
- Krispy Kreme, Inc. (DNUT) has reached an agreement with Unison Capital, Inc. to sell its operations in Japan.
- The transaction is expected to generate approximately $65 million in cash proceeds, which are anticipated to be used for debt pay down after transaction-related fees and expenses.
- The sale is projected to close in the first quarter of 2026.
- This agreement represents Krispy Kreme's first international refranchising agreement since launching its turnaround plan in August, aiming to support greater financial flexibility and reduce debt.
Dec 19, 2025, 12:09 PM
Krispy Kreme Announces Strategic Refranchising Agreement for Japan
DNUT
M&A
Debt Issuance
- Krispy Kreme (DNUT) has reached an agreement to sell its operations in Japan to Unison Capital, Inc..
- The transaction is expected to yield approximately $65 million in cash proceeds, which Krispy Kreme plans to use for debt pay down.
- This sale, projected to close in the first quarter of 2026, is Krispy Kreme's first international refranchising agreement since launching its turnaround plan.
Dec 19, 2025, 12:00 PM
Krispy Kreme Reports Strong Q3 2025 Results and Progress on Turnaround Plan
DNUT
Earnings
Guidance Update
New Projects/Investments
- Krispy Kreme reported Q3 2025 adjusted EBITDA of $40.6 million, a 17% year-over-year increase, and generated $15.5 million in positive free cash flow, reflecting early progress on its turnaround plan.
- The company is focused on strategic initiatives including refranchising international markets and restructuring its U.S. joint venture to reduce net debt, alongside reducing CapEx spending for the second half of 2025 and into 2026.
- U.S. operations saw significant optimization, with the exit of approximately 600 unprofitable doors and 2,400 doors related to the McDonald's partnership, while adding 1,000 profitable doors year-to-date with strategic partners.
- The net leverage ratio decreased to 7.3 times from 7.5 times in the previous quarter, and management expects sequential EBITDA improvement and positive cash flow in Q4 2025 and into 2026.
Nov 6, 2025, 1:30 PM
Krispy Kreme (DNUT) Announces Q3 2025 Financial Results and Turnaround Plan Progress
DNUT
Earnings
New Projects/Investments
Demand Weakening
- Krispy Kreme (DNUT) reported net revenue of $375.3 million and adjusted EBITDA of $40.6 million for Q3 2025, representing a 17% adjusted EBITDA growth compared to Q3 2024.
- The company achieved positive free cash flow of $15.5 million in Q3 2025.
- CEO Josh Charlesworth noted progress on a comprehensive turnaround plan, which resulted in reduced leverage, positive free cash flow, and substantially higher adjusted EBITDA, focusing on profitable U.S. expansion and capital-light international franchise growth.
- Strategic actions in Q3 2025 included outsourcing 54% of U.S. logistics, adding approximately 1,000 profitable doors year-to-date with national U.S. customers, and removing costs related to the now-ended McDonald's USA partnership.
- While overall organic revenue grew by 0.6%, total net revenues declined by 1.2% compared to Q3 2024, with U.S. organic revenue experiencing a 2.2% decline.
Nov 6, 2025, 1:30 PM
Krispy Kreme Reports Q3 2025 Financial Results and Turnaround Progress
DNUT
Earnings
Guidance Update
New Projects/Investments
- Krispy Kreme, Inc. (DNUT) reported Q3 2025 net revenue of $375.3 million, with organic revenue increasing by 0.6%.
- The company recorded a GAAP net loss of $20.1 million but saw Adjusted EBITDA rise 17.0% to $40.6 million compared to Q3 2024.
- Krispy Kreme generated $15.5 million in free cash flow and strategically reduced Global Points of Access by 6.1% to 14,851.
- The company is executing a turnaround plan, which includes refranchising international markets, restructuring a U.S. joint venture, and removing costs associated with the now-ended McDonald's USA partnership.
Nov 6, 2025, 12:40 PM
Quarterly earnings call transcripts for Krispy Kreme.
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