Krispy Kreme Q4 revenue beats on productivity initiatives

Krispy Kreme

26/02/2026 11:54

Overview

Doughnut maker's Q4 revenue beat analyst expectations despite a 2.9% decline yr/yr

Adjusted EPS for Q4 beat analyst expectations

Company's adjusted EBITDA rose 21% yr/yr, driven by productivity initiatives

Outlook

Krispy Kreme expects systemwide sales to grow 2% to 4% in constant currency in 2026

Company plans to open at least 100 shops globally in 2026

Krispy Kreme aims for net leverage ratio at or below 5.5x in 2026

Result Drivers

STRATEGIC CLOSURES - Organic revenue decreased due to closure of underperforming doors

PRODUCTIVITY INITIATIVES - Adjusted EBITDA margin increased due to productivity initiatives and SG&A savings

REFRANCHISING AGREEMENT - Strategic refranchising agreement in Japan contributed to financial flexibility

Company press release: ID:nBw7v0Yzha

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$392.40 mln
$386.72 mln (4 Analysts)
Q4 Adjusted EPS
Beat
$0.09
$0.03 (4 Analysts)
Q4 EPS
-$0.17
Q4 Adjusted Net Income
Beat
$15 mln
$5.27 mln (3 Analysts)
Q4 Net Income
-$29.10 mln
Q4 Adjusted EBITDA
Beat
$55.60 mln
$46.02 mln (4 Analysts)
Q4 Adjusted EBITDA Margin
14.20%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "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 $4.48, about 49.7% above its February 25 closing price of $2.99

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.)