Krispy Kreme Q2 FY26 GAAP net loss narrows to $19.8 million; revenue drops 12.8% to $331 million
DNUT•Q2 results
- Krispy Kreme posted a GAAP net loss of USD 19.8 million in Q2 2026, narrowing from a loss of USD 441.1 million a year earlier.
- Net revenue fell 12.8% to USD 331 million, reflecting refranchising and underperforming door closures completed in Q3 2025.
- Non-GAAP adjusted EBITDA rose 43.2% to USD 28.8 million; adjusted EBITDA margin widened 3.4 percentage points to 8.7%.
Cash flow and outlook
- Year-to-date operating cash flow turned positive to USD 10 million; free cash flow improved to a loss of USD 6.1 million.
- Krispy Kreme maintained its 2026 outlook, including net revenue of USD 1.25 billion to USD 1.35 billion and adjusted EBITDA of USD 140 million to USD 150 million.
