Krispy Kreme
Makes and distributes doughnuts through shops, retailers, e-commerce, and fresh-delivery routes.
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Profile
Produces doughnuts, including Original Glazed, and sells them through shops, retail partners, e-commerce, and delivery. The business pairs production hubs with fresh-delivery spokes while pursuing U.S. retail distribution and capital-light international franchising.
Doughnut production centers on Original Glazed and uses hubs with fresh-delivery spokes to supply company shops, retail partners, e-commerce, and delivery. The omni-channel model grew from a retail heritage into a network designed to extend consumer access to freshly made doughnuts. Product-quality standards, service, and operating and logistics consistency are central to how the system is run.
Operations combine U.S. retail distribution with international franchise growth. After its U.S. partnership with McDonald's ended, the stated focus shifted to profitable domestic retail distribution and capital-light international franchising. The network depends on production hubs and delivery spokes working together.
Company facts
Categories
Key statistics
Year to date −14.8% · Average volume (30d) 2.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 7, 2026 | Evercore ISI | Target | $4 | |||
| Mar 26, 2026 | Capital One Financial | Target | $6 | |||
| Mar 26, 2026 | CapitalOne | Upgrade | Equal Weight | Overweight | ||
| Jan 20, 2026 | Morgan Stanley | Target | $14 | $3 | ||
| Aug 27, 2025 | JP Morgan | Downgrade | Neutral | Underweight |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | −$0.03 | −$0.03 | +8.3% | $303.4M | $331.0M | +9.1% | +4.19% |
| May 7, 2026Q1 FY26 | −$0.03 | −$0.05 | −66.7% | $359.4M | $367.0M | +2.1% | −1.10% |
| Feb 26, 2026Q4 FY25 | $0.03 | $0.09 | +200.0% | $386.6M | $392.4M | +1.5% | −1.83% |
| Nov 6, 2025Q3 FY25 | −$0.06 | $0.01 | +116.7% | $386.7M | $375.3M | −3.0% | +6.39% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $375.2M | $379.8M | $375.3M | $392.4M | $367.0M | $331.0M | |
| Gross profit | $284.4M | $287.1M | $83.1M | $299.4M | $58.5M | $245.0M | |
| Operating income | −$20.3M | −$434.6M | −$7.2M | $13.8M | −$10.0M | −$11.0M | |
| Net income | −$33.3M | −$435.3M | −$19.4M | −$27.8M | −$28.2M | −$20.3M | |
| Diluted EPS | −$0.20 | −$2.55 | −$0.11 | −$0.16 | −$0.16 | −$0.12 | |
| Gross margin | 75.8% | 75.6% | 22.2% | 76.3% | 15.9% | 74.0% | |
| Operating margin | -5.4% | -114.4% | -1.9% | 3.5% | -2.7% | -3.3% |
Fiscal years (4-quarter sums)FY21 $1.38B · FY22 $1.53B · FY23 $1.69B · FY24 $1.67B · FY25 $1.52B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 28, 2026Cash & short-term investments $21.8M · Total debt $469.0M · Total assets $2.36B · Shareholders' equity $618.1M
Dividends
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Apr 23, 2025 | Apr 23 | May 7 | $0.035 | |
| Jan 22, 2025 | Jan 22 | Feb 5 | $0.035 | |
| Oct 23, 2024 | Oct 23 | Nov 6 | $0.035 | |
| Jul 24, 2024 | Jul 24 | Aug 7 | $0.035 | |
| Apr 23, 2024 | Apr 24 | May 8 | $0.035 | |
| Jan 23, 2024 | Jan 24 | Feb 7 | $0.035 | |
| Oct 25, 2023 | Oct 26 | Nov 9 | $0.035 | |
| Jul 25, 2023 | Jul 26 | Aug 9 | $0.035 |
Ownership
Shares outstanding 172.40M · Float 90.46M · 52.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| JAB Investments S.a r.l. | 74.19M | 43.03% | 13D | Jun 16, 2026 |
| JAB Indulgence B.V. · 10 percent owner | 74.19M | 43.03% | Form 4 | Apr 25, 2025 |
| BNP Paribas SA | 15.31M | 8.87% | 13G | Aug 13, 2026 |
| HSBC Holdings PLC | 7.08M | 4.11% | 13F | Apr 30, 2026 |
| Banco Santander, S.A. | 6.92M | 4.01% | 13F | May 8, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 5, 2026 | Bernardo Hees | director | +25,002 | $3.49 |
| Jun 1, 2026 | Bernardo Hees | director | +73,640 | $3.44 |
| Jun 2, 2026 | Bernardo Hees | director | +235,875 | $3.39 |
| Jun 3, 2026 | Bernardo Hees | director | +170,596 | $3.35 |
| Jun 4, 2026 | Bernardo Hees | director | +150,000 | $3.29 |
Peers
- Restaurant Brands International
Tim Hortons overlaps in coffee, doughnuts, and breakfast
- J.M. Smucker
Hostess Donettes overlap in packaged doughnuts and sweet snacks
- Starbucks
Specialty coffee, food, grocery, and foodservice overlap
- Dutch Bros
Drive-thru handcrafted beverages overlap in morning occasions
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Krispy Kreme | $3.49 | +0.43% | $598.2M | — | 51.8 | 0.4 | −12.8% |
| Restaurant Brands International | $78.50 | +0.29% | $27.15B | 23.1 | 18.5 | 2.8 | +4.6% |
| J.M. Smucker | $132.34 | −0.00% | $14.14B | 61.8 | 13.0 | 1.5 | +5.0% |
| Starbucks | $108.15 | +0.30% | $122.95B | 62.0 | 36.0 | 3.2 | −1.4% |
| Dutch Bros | $50.04 | +0.27% | $8.62B | 69.3 | 45.4 | 4.6 | +32.5% |
| Median | 61.9 | 27.3 | 3.0 | +4.8% |