Krispy Kreme Q3 revenue falls 12% but beats estimates
DNUT•Krispy Kreme's third-quarter revenue fell 12% to $328.8 million but beat analyst estimates, while adjusted EPS of $0.06 also topped expectations. The company raised and narrowed its 2026 net revenue guidance to $1.35 billion-$1.40 billion from $1.25 billion-$1.35 billion.
1. Quarterly results
Krispy Kreme reported third-quarter revenue of $328.8 million, down 12% but above the $311.41 million analyst consensus. Adjusted EPS was $0.06, ahead of the $0.01 estimate; adjusted EBITDA was $35.3 million, below the $35.98 million estimate.
2. 2026 outlook
The company raised and narrowed its 2026 net revenue guidance to $1.35 billion-$1.40 billion from $1.25 billion-$1.35 billion. It expects systemwide sales to rise 2%-4% year over year in constant currency and projects adjusted EBITDA of $140 million-$150 million.
3. Revenue drivers
Krispy Kreme said lower revenue was primarily due to refranchising its western U.S. joint venture and Japan. U.S. organic revenue rose 0.9%, driven by fresh delivery and digital channels, while International organic revenue fell 5.4%, mainly due to declines in the UK, partially offset by growth in Canada.
