Krispy Kreme Q2 revenue beats estimates, maintains 2026 outlook
DNUT•Analyst coverage
- The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"
- The average consensus recommendation for the restaurants & bars peer group is "buy."
- Wall Street's median 12-month price target for Krispy Kreme, Inc. is $4.10, about 32.3% above its August 5 closing price of $3.10
Drivers behind the quarter
- REFRANCHISING AND DOOR CLOSURES - Co said Q2 revenue decline was mainly due to refranchising and strategic closure of underperforming doors, including the end of the McDonald's USA partnership
- PRODUCTIVITY INITIATIVES - Adjusted EBITDA margin rose due to productivity initiatives, SG&A savings, and removal of costs related to McDonald's USA
- FRESH DELIVERY EXPANSION - Increased fresh delivery doors and higher average revenue per door in the U.S. contributed to improved profitability
Q2 revenue and profitability
- U.S. doughnut chain's Q2 revenue fell 13% but beat analyst expectations
- Adjusted EBITDA for Q2 rose 43% and beat analyst expectations
- Adjusted loss per share for Q2 met analyst expectations
