Quarterly ResultMay 8, 2026, 04:32 PM
Krispy Kreme Q1 Net Loss Narrows to $22.8M; Divests Japan Ops
AI Summary
Krispy Kreme reported a net loss of $22.8 million for the quarter ended March 29, 2026, an improvement from a $33.3 million net loss in the prior year. The company completed the divestiture of its Krispy Kreme Japan operations for $69.3 million, recognizing a $42.4 million gain. Additionally, Krispy Kreme refranchised its Western U.S. joint venture, W.K.S. Krispy Kreme, reducing its ownership to 20% and recording a $33.8 million loss on divestiture. Total net revenues decreased slightly to $367.0 million from $375.2 million year-over-year, while operating loss significantly narrowed.
Key Highlights
- Net loss attributable to Krispy Kreme, Inc. was $22.8 million, down from $33.3 million YoY.
- Diluted net loss per share improved to $(0.16) from $(0.22) YoY.
- Total net revenues decreased to $367.0 million from $375.2 million YoY.
- Divested Krispy Kreme Japan for $69.3 million cash, recognizing a $42.4 million gain.
- Refranchised W.K.S. Krispy Kreme, reducing ownership to 20%, incurring a $33.8 million loss.
- Operating loss improved to $(3.6) million from $(20.3) million YoY.
- Net cash provided by operating activities was $20.2 million, up from $(20.8) million used YoY.
- Cash and cash equivalents increased to $74.2 million from $42.4 million at year-end.
Price Impact
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