Krispy Kreme Q2 net revenue $331M (-12.8% YoY); Adjusted EBITDA up 43% to $28.8M; maintains 2026 guidance

Krispy Kreme, Inc.

GAAP net loss improved to $19.8M from $441.1M; diluted EPS loss $0.12 vs $2.55 loss.
Adjusted EBITDA margin expanded 340 bps to 8.7%; U.S. segment margin up 370 bps.
Systemwide sales up 1.1% constant currency; up 2.6% excluding ended McDonald's USA partnership.
Turnaround progress: refranchised Japan and western US JV; capex down 70% H1; 59 new shops, nearly all franchised.
U.S. fresh delivery doors up 448 in H1; average revenue per door per week rose 33.2% to ~$697.

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