DNUT
Krispy Kreme, Inc.4.4300
-0.0300-0.67%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
758.86MP/E (TTM)
-Basic EPS (TTM)
-2.99Dividend Yield
0.02%Recent Filings
8-K
10-K
FY2025 results
Krispy Kreme posted FY2025 revenue of $1.52B, down 8.6% y/y amid Insomnia Cookies divestiture and McDonald's exit slashing ~2,400 U.S. fresh delivery doors in Q3, yet organic sales dipped just 1.3% as pricing offset volume softness. U.S. organic revenue fell 3.5% on 25% fewer points of access after pruning underperformers, while International grew 3.3% via Canada/Japan/Mexico strength; Q4 momentum showed digital acceleration and specialty doughnut buzz. Adjusted EBITDA sank 27.5% to $140M from impairments and cyber disruptions, but margins held amid efficiency drives like 3PL logistics. Debt stood at $900M under the 2023 Facility (leverage 4.4x), with $42M cash; capex dropped 19% to $98M, signaling refranchising pivot targeting 50% franchised systemwide sales by 2027. Food safety risks could derail quarterly momentum.
8-K
Q4 EBITDA surges despite revenue dip
Krispy Kreme reported Q4 net revenue of $392.4 million, down 2.9% from prior year due to strategic closures of underperforming doors, yet boosted adjusted EBITDA 21.0% to $55.6 million with margin up 280 bps to 14.2%. Full-year adjusted EBITDA fell to $140.3 million amid Insomnia Cookies sale and McDonald's exit, but net leverage improved to 6.7x. Japan refranchising closes Q1 2026 for ~$65 million cash. Turnaround gains traction.
8-K
CPO retires; director resigns
Krispy Kreme's Chief People Officer Theresa Zandhuis announced retirement effective March 31, 2026, securing a $550,000 separation package with 12 months salary continuation, COBRA, and pro-rata equity vesting. Board director Gordon von Bretten resigned immediately on January 31, 2026, for a new Coty role—no disagreements noted. Succession groundwork laid internally.
8-K
Sells Japan for ~$65M
Krispy Kreme agreed to sell its Japan operations to a Unison Capital fund for ~$65 million, based on fiscal 2025 Adjusted EBITDA, with closing eyed for Q1 2026. Proceeds will cut debt after fees, advancing the refranchising plan. A post-close development and franchise deal secures brand continuity. Final cash hinges on Japan's results and FX rates.
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