Krispy Kreme Q2 revenue beats estimates, maintains 2026 outlook

Krispy Kreme

06/08/2026 11:58

Overview
U.S. doughnut chain's Q2 revenue fell 13% but beat analyst expectations
Adjusted EBITDA for Q2 rose 43% and beat analyst expectations
Adjusted loss per share for Q2 met analyst expectations

Outlook
Krispy Kreme maintains 2026 net revenue guidance of $1.25 bln to $1.35 bln
Company expects 2026 adjusted EBITDA of $140 mln to $150 mln
Krispy Kreme sees 2026 systemwide sales up 2% to 4% in constant currency

Result Drivers
REFRANCHISING AND DOOR CLOSURES - Co said Q2 revenue decline was mainly due to refranchising and strategic closure of underperforming doors, including the end of the McDonald's USA partnership
PRODUCTIVITY INITIATIVES - Adjusted EBITDA margin rose due to productivity initiatives, SG&A savings, and removal of costs related to McDonald's USA
FRESH DELIVERY EXPANSION - Increased fresh delivery doors and higher average revenue per door in the U.S. contributed to improved profitability

Company press release: ID:nBw4kPCbza

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$331 mln
$303.35 mln (3 Analysts)
Q2 Adjusted Loss Per Share
Meet
$0.03
$0.03 (4 Analysts)
Q2 Loss Per Share
 
$0.12
 
Q2 Adjusted Net Loss
Beat
$5.40 mln
$12.46 mln (2 Analysts)
Q2 Net Loss
 
$19.80 mln
 
Q2 Adjusted EBITDA
Beat
$28.80 mln
$28.31 mln (3 Analysts)
Q2 Adjusted EBITDA Margin
 
8.70%
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the restaurants & bars peer group is "buy."
Wall Street's median 12-month price target for Krispy Kreme, Inc. is $4.10, about 32.3% above its August 5 closing price of $3.10

Reuters Recommended Reads
Aug 4 - McDonald's US sales growth slows as value push falters
Aug 6 - Restaurant Brands beats quarterly same-store sales estimates on Burger King strength
Aug 5 - Dine Brands beats Q2 revenue estimates, maintains 2026 guidance

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)