Krispy Kreme Q2 net loss $441M; announces turnaround plan after McDonald's partnership end

Krispy Kreme, Inc.

2025-Q2 EPS reported -$2.75 revenue$754,951,000

Net loss of $441.1M including $406.9M in non-cash goodwill/asset impairments; diluted loss per share $2.55.
Revenue $379.8M down 13.5% YoY; organic revenue declined 0.8%.
Adjusted EBITDA $20.1M (63.3% decline vs Q2 2024); margin 5.3% from 12.5%.
McDonald's USA partnership ended July 2, 2025; costs being removed, profitability expected to improve Q3.
Turnaround plan includes refranchising international markets and outsourcing U.S. logistics to reduce leverage.

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