Quarterly ResultAug 6, 2026, 06:57 AM
Krispy Kreme Q2 Adj. EBITDA +43.2%; Net Loss Improves
AI Summary
Krispy Kreme reported Q2 2026 financial results, showing significant progress in its turnaround plan. Net revenue declined 12.8% to $331.0 million due to refranchising and strategic closures, but GAAP net loss improved by $421.3 million to $19.8 million. Adjusted EBITDA increased 43.2% to $28.8 million, with margin expanding 340 basis points. The company maintained its full-year 2026 guidance, reflecting confidence in its strategy to strengthen the balance sheet and drive profitable growth through refranchising and operational efficiencies.
Key Highlights
- Q2 Net revenue declined 12.8% to $331.0 million.
- Q2 GAAP net loss improved to $19.8 million from $441.1 million.
- Q2 Adjusted EBITDA increased 43.2% to $28.8 million.
- Adjusted EBITDA margin expanded 340 basis points to 8.7%.
- Systemwide sales increased 2.6% excluding McDonald's USA impact.
- Year-to-date free cash flow improved $101.3 million to $(6.1) million.
- Completed refranchising of Japan and western U.S. joint venture.
- Maintained 2026 guidance for net revenue, Adjusted EBITDA, and free cash flow.
Price Impact
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