Krispy Kreme Raises Full-Year Revenue Guidance Amid Shift to Capital-Light Model
Krispy Kreme (DNUT) has raised its full-year 2026 revenue guidance to a range of $1.35 billion to $1.4 billion, up from previous estimates. This optimistic outlook comes despite a reported net loss of $13.3 million and a 12.4% decline in net revenue, which the company attributed primarily to its strategic refranchising efforts. The company is aggressively transitioning toward a capital-light business model by selling company-operated markets in regions like Japan and the western U.S. to franchise partners. This shift has already resulted in a 65% year-to-date reduction in capital expenditures, helping drive an $82 million increase in free cash flow through the first three quarters of the year.
Tickers: $DNUT
Topics: capital expenditure earnings report free cash flow refranchising strategy revenue guidance