Krispy Kreme Inc

Latest Results (17.01.2026):

Krispy Kreme Inc — third quarter of 2025: The company reported net revenue of $375.3 million for 3Q25, modest organic revenue growth of 0.6% (non‑GAAP), adjusted EBITDA of $40.6 million and positive free cash flow of $15.5 million. Management framed results as early progress in a turnaround focused on deleveraging the balance sheet and driving profitable, capital‑light growth.

Revenue and growth

Net revenue: $375.3 million in 3Q25. Organic revenue (non‑GAAP) grew 0.6% year‑over‑year, excluding acquisitions/divestitures and FX — a slight positive reflecting early signs of stabilization under the turnaround plan.

Profitability and cash flow

Adjusted EBITDA (non‑GAAP): $40.6 million in 3Q25. Free cash flow: $15.5 million. The adjusted EBITDA figure includes $9.3 million of business‑interruption insurance recoveries related to the company’s 2024 cybersecurity incident (per the company footnote).

Turnaround actions — deleverage & refranchising

Management is pursuing refranchising and other moves to reduce capital intensity and improve financial flexibility. Targets include 1–2 international refranchising deals and active discussions to restructure a Western U.S. JV toward a minority stake.

U.S. expansion and logistics

Company is prioritizing profitable U.S. expansion and has outsourced 54% of U.S. logistics in 3Q25 (100% expected in 2026). Management reported adding approximately 1,000 profitable doors year‑to‑date and removing costs tied to the now‑ended McDonald’s USA partnership.

Network footprint

Global points of access: 14,851 locations as of the period reported.

Non‑GAAP measures and risks

Results cite several non‑GAAP metrics (organic revenue, Adjusted EBITDA, free cash flow) with reconciliations in the appendix; the presentation also highlights standard forward‑looking risk factors (including impacts from the 2024 cybersecurity incident and commodity/operational risks).