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EarningsQ2 2026 Earnings Report
DNUT Q2 2026 EPS Results
Actual EPS-$0.03
Consensus EPS-$0.03
Beat/MissBeat by +<$0.01
One Year Ago EPS-$0.15
DNUT Q2 2026 Revenue Results
Actual Revenue$331.00M
Expected Revenue$303.35M
Beat/MissBeat by +$27.64M
YoY Revenue Growth-12.84%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
DNUT Upcoming Earnings
Krispy Kreme's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DNUT Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated clear, measurable progress on the turnaround plan with significant margin expansion, adjusted EBITDA growth, deleveraging, large CapEx cuts and strong productivity gains — particularly in the U.S., digital, loyalty and fresh-delivery channels. Headwinds were primarily transitional: reported net revenue declined due to planned re-franchising, and international markets (notably the U.K. and Australia) reported softer results and mix-driven margin pressures. Management reiterated guidance and emphasized capital-light, franchise-led growth and free cash flow focus, indicating confidence that near-term revenue and mix impacts will yield stronger margins and cash flow over time.Company Guidance
Adjusted EBITDA Growth and Margin Expansion
Adjusted EBITDA was $28.8 million, up 43% year-over-year; consolidated adjusted EBITDA margin widened by 340 basis points to 8.7% (fourth consecutive quarter of adjusted EBITDA growth).
Strong U.S. Profitability Improvement
U.S. adjusted EBITDA increased 38% to $13.8 million; U.S. adjusted EBITDA margin expanded by ~370 basis points to 8% driven by productivity initiatives, logistics outsourcing and cost controls.
System-wide Sales Growth (Excluding McDonald's)
System-wide sales were $497 million, up 2.6% in constant currency when excluding the impact of the prior-year McDonald's USA partnership.
Significant Increase in Fresh Delivery Productivity
Average weekly sales per U.S. door (company + franchise) were approximately $697, up ~33% year-over-year; added more than 200 new fresh-delivery doors with strategic partners during the quarter and ~450 YTD expansion in the U.S.
Digital and Loyalty Momentum
Digital sales grew 8% year-over-year and now represent ~22% of total U.S. retail sales; U.S. loyalty program reached nearly 18 million members, who visit ~30% more frequently than non-members.
Re-franchising Progress and Capital-Light Growth
Franchisees now account for 42% of system-wide sales (versus ~25% last year); completed re-franchising transactions in Japan and Western U.S.; added 3 new international franchise markets (Netherlands, Estonia, Mauritius) and remain on track toward ~50% franchise mix next year.
New Shop Development
Opened 59 new shops year-to-date (all but two by franchisees) across Japan, Brazil, South Korea and the Middle East; on track to open at least 100 shops in 2026.
Material CapEx Reduction and Free Cash Flow Improvement
Year-to-date CapEx was $16.1 million, a 70% reduction versus H1 2025; free cash flow improved by more than $100 million in the first half of 2026 versus the first half of last year.
Leverage Reduction
Net leverage ratio improved to 5.4x trailing 4 quarters of adjusted EBITDA, down 1.3 turns from 6.7x at end-2025 and more than 2 turns versus last year’s Q2.
Operational and Technology Initiatives
Completed U.S. logistics outsourcing for greater cost predictability; piloted and began rolling out an AI-enabled demand-planning platform expected to reduce out-of-stocks and returns.
DNUT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed