Krispy Kreme revenue drops 13% to $331 million

• Krispy Kreme reported Q2 2026 revenue of $331 million, down 12.8% after refranchising and location closures.
• The GAAP net loss narrowed to $19.8 million, while adjusted EBITDA increased 43.2% to $28.8 million.
• The company maintained its 2026 guidance as it shifts toward franchising, lower capital spending and improved operating margins.

Krispy Kreme (NASDAQ:DNUT) reported Q2 2026 revenue of $331 million, down 12.8%, as refranchising and strategic door closures reduced reported sales.

Revenue fell from $379.8 million, while the GAAP net loss narrowed to $19.8 million from $441.1 million one year earlier.

Adjusted EBITDA rose 43.2% to $28.8 million, its margin increased to 8.7%, and adjusted loss improved to $0.03 per share.

Krispy Kreme maintained its 2026 guidance.

Following the announcement, Krispy Kreme's share price was up 0.8% at $3.10 in premarket trading.

U.S. revenue fell 25% to $172.7 million, while Market Development revenue increased 142.3% to $41 million following refranchising activity.

The company also opened 59 shops, reduced first-half capital expenditure by 70.2% and added 448 U.S. fresh-delivery doors with strategic partners.