earnings
confidence high
sentiment positive
materiality 0.75
Krispy Kreme Q1 adjusted EBITDA up 38%; positive free cash flow; refranchises Japan and Western JV
Krispy Kreme, Inc.
2026-Q1 EPS reported
-$0.16
revenue$367,034,000
- Net revenue $367M (-2.2% YoY); GAAP net loss improved to $22.7M from $33.4M.
- Adjusted EBITDA $33.1M (+38% YoY); margin expanded 260bps to 9.0%.
- Refranchised Japan operations and Western US JV in March 2026; US logistics outsourcing complete.
- Added 276 US doors with strategic partners in Q1; APD up 16.7% to $685.
- Issued FY2026 guidance for net revenue and adjusted EBITDA; reduced net leverage target.