Highest-materiality recent filing
Krispy Kreme Q1 adjusted EBITDA up 38%; positive free cash flow; refranchises Japan and Western JV
Net revenue $367M (-2.2% YoY); GAAP net loss improved to $22.7M from $33.4M.
Krispy Kreme refranchises Western US JV and sells Japan ops for ~$160M total proceeds
WKS Restaurant Group increases Western JV stake from 45% to 80%; total payable ~$90M (approx $50M cash at close plus note).
Krispy Kreme Q4 adjusted EBITDA up 21% to $55.6M; full year net loss $523.8M
Q4 net revenue $392.4M (-2.9% YoY); organic revenue down 3.9% on underperforming door closures.
Krispy Kreme sells Japan operations to Unison Capital for ~$65M
Expected cash proceeds ~$65M, subject to FY2025 Japan EBITDA adjustments.
Krispy Kreme Q3 net loss $20M, but adjusted EBITDA +17%; turnaround showing progress
Net revenue $375.3M, down 1.2% YoY; organic revenue +0.6%.
Krispy Kreme Q2 net loss $441M; announces turnaround plan after McDonald's partnership end
Net loss of $441.1M including $406.9M in non-cash goodwill/asset impairments; diluted loss per share $2.55.
CFO Jeremiah Ashukian resigns effective July 11, 2025; not due to any disagreement with the Company.
Krispy Kreme and McDonald's USA end partnership effective July 2, 2025
Partnership ends July 2, 2025; Krispy Kreme cites unsustainable costs despite reaching ~2,400 McDonald's restaurants.
Krispy Kreme sells remaining Insomnia Cookies stake for $75M cash; debt paydown planned
Sold remaining common units in Insomnia Cookies to existing shareholders and the company on June 10, 2025.
Krispy Kreme Q1 net revenue $375.2M, net loss $33.4M; EBITDA down 59% YoY
Net revenue $375.2M, down 15.3% YoY; organic revenue down 1.0% to $374.7M.
Krispy Kreme nominates four new directors including Hees; six incumbents not renominated
New nominees: Bernardo Hees (ex-Kraft Heinz CEO), Patrick Grismer, Easwaran Sundaram, Gordon von Bretten.
Krispy Kreme Q4 net loss $22.2M, revenue down 10.4% YoY; introduces 2025 guidance
Q4 net revenue $404.0M (-10.4% YoY); organic revenue +1.8% but hurt by ~280 bps from cybersecurity incident.
Krispy Kreme CGO & President International resigns; gets $800K severance, equity vesting
Matthew Spanjers resigns as Chief Growth Officer and President International; remains employee through March 31, 2025 Separation Date.
Krispy Kreme reports cyber incident on Nov 29; operations impacted, costs expected material
Unauthorized activity detected Nov 29; investigation ongoing with external cybersecurity experts.
Krispy Kreme Q3 2024 revenue down 6.8% to $379.9M; adjusted EBITDA down 20.7%
Organic revenue grew 3.5% to $376.4M; GAAP net income $37.6M from Insomnia Cookies sale gain.
Krispy Kreme Q2 revenue up 7.3% to $438.8M; GAAP net loss $4.9M, adjusted EBITDA +12.1%
Net revenue $438.8M, up 7.3% YoY; organic revenue $440.2M, up 7.8%.
Krispy Kreme sells majority stake of Insomnia Cookies for $350M enterprise value
Sale of majority stake of Insomnia Cookies for $350M enterprise value, double the 2018 acquisition price.
Krispy Kreme Q1 revenue +5.7% to $442.7M; GAAP net loss of $6.7M; reaffirms FY guidance
Net revenue $442.7M, up 5.7% YoY; organic revenue +6.7% to $440.9M.
Krispy Kreme partners with McDonald's for nationwide doughnut rollout starting 2H 2024
Phased U.S. rollout begins 2H 2024; nationwide availability at participating McDonald's expected by end of 2026.
Krispy Kreme Q4 revenue up 11.4%; organic revenue +13.2%; introduces FY2024 guidance
Q4 net revenue $450.9M (+11.4% YoY); organic revenue $446.0M (+13.2%).
Krispy Kreme Q3 revenue up 7.9% to $407.4M; Adjusted EBITDA up 13.5%
Net revenue $407.4M, +7.9% YoY; Organic revenue $400.3M, +9.6% YoY.
Krispy Kreme names Josh Charlesworth CEO effective Jan 1, 2024; Tattersfield to board & advisor
Josh Charlesworth (currently Global President & COO) becomes President & CEO as of Jan 1, 2024.
Krispy Kreme Q2 revenue +9% to $409M; reiterates full-year guidance
Q2 net revenue $408.9M (+9.0% YoY); organic revenue +11.4% driven by U.S. omni-channel.
Krispy Kreme Q1 net revenue up 12.5% to $419M; adjusted EPS $0.09, reiterates FY guidance
Net revenue $419.0M (+12.5% YoY); organic revenue growth 14.4%.
Krispy Kreme enters $1.0B new credit facility, extending debt maturity to 2028
New $300M revolver and $700M term loan, maturing March 2028 (replacing June 2024 maturity).
Krispy Kreme expands McDonald's test to ~160 Louisville-Lexington locations starting March 21
McDonald's USA expands Krispy Kreme doughnut test to approximately 160 restaurants in Louisville, Lexington and surrounding area.
Krispy Kreme Q4 net revenue up 9.2% to $404.6M; adjusted EPS $0.11, up 38% YoY
Q4 net revenue $404.6M (+9.2%); organic revenue growth 12.5%; adjusted EBITDA $55.9M (+17.2%) with margin +90 bps.
Krispy Kreme introduces 2026 targets: ~$2.15B revenue, ~$315M EBITDA, ~18,500 points of access
Reiterated FY2022 guidance: net revenue $1.49-1.52B, adjusted EBITDA $189-195M, adj. diluted EPS $0.29-0.32.
Krispy Kreme Q2 revenue $375.2M (+7.5%); adj. EPS $0.08 vs $0.13
GAAP net loss improved to $2.4M from $15.0M YoY; diluted loss per share $0.02 vs $0.13.
Krispy Kreme receives Nasdaq non-compliance notice for majority independent directors
Director Henry Yeagley resigned June 30, 2022; no disagreement with company.
Effective March 3, 2025, Nicola J. Steele, 38, has been appointed to serve as the Chief Operating Officer of Krispy Kreme, Inc.
Mr. Spanjers has resigned from those positions but will remain an employee of and provide services to the Company through March 31, 2025 (the “Separation Date”), pursuant to an Agreement and General Release entered into on January 10, 2025 (the “Transition Agreement”).
On November 7, 2024, Matthew Spanjers informed Krispy Kreme, Inc. (the “Company”) that he intends to resign from his position as Chief Growth Officer and President, International of the Company effective on or about December 31, 2024.
On March 12, 2024, Catherine Tang, the Company’s Chief Legal Officer and Corporate Secretary, resigned effective June 1, 2024 (the “Separation Date”).
which will coincide with the date that Mr. Charlesworth succeeds as the Company’s Chief Executive Officer.
On December 4, 2023, the Board elected Joshua A. Charlesworth as a director effective January 1, 2024
On December 3, 2023, Lubomira Rochet, a member of the Board of Directors (the “Board”) of Krispy Kreme, Inc. (the “Company”), submitted her resignation to Catherine Tang, the Company’s Corporate Secretary.
Michael Tattersfield, the Company's President and Chief Executive Officer, notified the Board that he will step down as the Company's President and Chief Executive Officer, effective December 31, 2023
appointed Mr. Joshua Charlesworth to the role of President and Chief Executive Officer of the Company, effective as of January 1, 2024
On May 10, 2023, the Board of Directors (the “Board”) of Krispy Kreme, Inc. (the “Company”) appointed Kelly P. McBride, 49, as Chief Accounting Officer, the Company’s principal accounting officer.
On May 10, 2023, the Board approved the transition of Joey Pruitt from the role of the principal accounting officer of the Company to the Company’s U.S. Chief Financial Officer.
appointed Jeremiah Ashukian, 43, as Executive Vice President and Chief Financial Officer ("CFO") of the Company. He is expected to commence employment with the Company on January 9, 2023.
Max materiality 0.85 · Median 0.60 · Most common event leadership