Krispy Kreme delivered adjusted EPS of $0.09 versus street expectations of $0.03 and reported net revenue of $392.4 million against a $386.7 million estimate, prompting a stock surge exceeding 30%.

U.S. segment net revenue declined 6.1% to $230.2 million, international sales grew 2.9% aided by a $4.5 million currency translation benefit, and Market Development revenue fell 4%, resulting in a 3.9% drop in organic revenue due to underperforming outlet closures.

Adjusted EBITDA for the quarter reached $55.6 million, up from $45.9 million a year ago. The company invested $97.9 million in capital expenditures (6.4% of net revenue), expanded to 15,194 global points of access, and ended the period with $42.4 million in cash and equivalents.

Digital channels accounted for 18.2% of retail sales, reflecting strong online and app-based ordering growth. Strategic footprint optimization drove outlet closures in underperforming locations to improve long-term cash generation.

For fiscal 2026, Krispy Kreme forecasts systemwide sales growth of 2%–4% in constant currency, plans to open at least 100 new shops, target $50 million–$60 million in capex and positive free cash flow, and aims to adjust net leverage toward 5.5x EBITDA by year-end.