Krispy Kreme Reports Q3 2026 Results with Margin Expansion and Raised Revenue Guidance
Krispy Kreme (DNUT) reported third-quarter 2026 results characterized by a strategic shift toward a capital-light business model. While net revenue decreased by 12.4% to $328.8 million due to the refranchising of operations in Japan and the western United States, adjusted EBITDA margins expanded by 240 basis points (excluding prior-year insurance recoveries). The company also reported a significant improvement in free cash flow and a reduction in its net leverage ratio. Despite headwinds from rising commodity costs—specifically edible oils—and increased fuel prices impacting convenience store traffic, the company raised its full-year 2026 net revenue guidance to a range of $1.35 billion to $1.40 billion. Growth was supported by international franchise expansion and digital sales, which now account for 19.4% of retail sales.
Tickers: $DNUT
Topics: Adjusted EBITDA Adjusted EPS Digital Sales GAAP Net Loss Net Revenue