Krispy Kreme, Inc.

Krispy Kreme reported a net loss attributable to the company of $(20.3) million for the quarter ended June 28, 2026, a significant improvement from the $(435.3) million loss in the prior year, which included a large goodwill impairment. Total net revenues for the quarter decreased to $331.0 million from $379.8 million year-over-year. The company also completed the refranchising of W.K.S. Krispy Kreme and the divestiture of Krispy Kreme Japan, contributing to a net gain on refranchising of $8.9 million for the first half of the year.

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.

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.

Krispy Kreme reported significant progress on its turnaround plan in Q1 2026, with adjusted EBITDA increasing 38.0% to $33.1 million and free cash flow turning positive to $11.4 million. The company reduced its net leverage ratio to 5.5x and completed key refranchising transactions in Japan and the Western U.S., generating substantial cash proceeds. While net revenue declined 2.2% to $367.0 million due to strategic door closures, the U.S. segment showed strong profitability improvements. Krispy Kreme also issued its 2026 financial outlook, projecting net revenue of $1.25 billion to $1.35 billion and adjusted EBITDA of $140 million to $150 million.

Krispy Kreme, Inc. (DNUT) announced its 2026 Annual Meeting of Stockholders for June 10, 2026, where shareholders will vote on the election of eight director nominees, including new appointments David Shear and Melissa Werneck, and the departure of Marissa Andrada and Gerhard Pleuhs. The company also strengthened its Global Leadership Team with key internal promotions and established a new Strategy and Operating Committee. Other proposals include an advisory vote on executive compensation, auditor ratification, and approval of an amendment to the 2021 Omnibus Incentive Plan. The company reported progress on its turnaround plan in fiscal year 2025, with $1.5 billion in net revenue and $2.0 billion in systemwide sales.

Krispy Kreme, Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on June 10, 2026. Stockholders will vote on the election of eight director nominees, approval of executive compensation, ratification of Grant Thornton LLP as auditor, and amendment of the 2021 Omnibus Incentive Plan. The company highlighted "meaningful progress" on its turnaround plan in 2025, despite declines in net revenue and adjusted EBITDA due to strategic divestments, ending the year with positive momentum.

Krispy Kreme has entered into a Key Employee Agreement with Chief Financial Officer Raphael Duvivier, effective March 31, 2026. The agreement outlines the terms of Duvivier's continued employment, including his role, responsibilities, location, and the employment term, ensuring continuity in the company's financial leadership.

Krispy Kreme, Inc. has entered into a severance agreement with Theresa Zandhuis, providing her with a total of $782,908.64, including severance pay and a COBRA coverage subsidy. A portion of her unvested Restricted Stock Units (RSUs) will vest on the separation date, subject to approval by the Compensation, Nomination, and Governance Committee.