Krispy Kreme Q3 Revenue $375.3M Beats EPS/EBITDA; Q4 Sales Forecast Down 3.7%
Krispy Kreme posted Q3 revenue of $375.3 million, down 1.2% year-on-year, but exceeded analysts’ EPS and EBITDA projections. Fourth-quarter revenue is projected to decline 3.7% year-on-year versus a 10.4% drop last year, while shares have fallen 10% over the past month.
1. Q3 Financial Results
Krispy Kreme generated $375.3 million in third-quarter revenue, marking a 1.2% year-on-year decline. Despite the slight top-line drop, the company outperformed on the bottom line, surpassing consensus EPS and delivering an EBITDA beat.
2. Q4 Outlook and Analyst Views
Analysts project fourth-quarter revenue to fall 3.7% year-on-year, an improvement from the 10.4% decline recorded in the same period last year. Coverage has remained steady over the past 30 days, indicating confidence that the business will sustain its current course heading into the release.
3. Peer Comparison and Market Reaction
Yum China reported 8.8% revenue growth and Wendy’s saw a 5.5% decline, both topping estimates, prompting respective stock moves of +9.7% and -3.7%. The traditional fast-food group is down 4.6% over the past month, while Krispy Kreme shares have slid 10% against an average analyst target of $3.91 versus the current $2.98.