Overview

* Krispy Kreme Q3 2025 revenue slightly misses analyst expectations, declining 1.2% yr/yr

* Adjusted EPS for Q3 2025 beats consensus, reflecting effective cost management

* Adjusted EBITDA rises 17% yr/yr, driven by productivity and cost-saving initiatives

Outlook

* Company expects further improvement in adjusted EBITDA and positive free cash flow

* Krispy Kreme plans to reduce capital spending and pay down debt

* Company anticipates progress on refranchising agenda and profitable U.S. expansion

Result Drivers

* TURNAROUND PLAN - Krispy Kreme's turnaround plan focused on U.S. expansion and international franchise growth, improving adjusted EBITDA and free cash flow

* COST MANAGEMENT - Termination of McDonald's USA partnership helped reduce costs and improve profitability

* STRATEGIC CLOSURES - Closure of unprofitable Points of Access contributed to a decline in global access points but optimized operations

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $375.30 $378.29

Revenue mln mln (5

Analysts

)

Q3 Beat $0.01 -$0.05

Adjusted (5

EPS Analysts

)

Q3 EPS -$0.11

Q3 Beat $1.40 -$8.07

Adjusted mln mln (4

Net Analysts

Income )

Q3 Net -$20.10

Income mln

Q3 Beat $40.60 $28.34

Adjusted mln mln (5

EBITDA Analysts

)

Q3 10.80%

Adjusted

EBITDA

Margin

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the restaurants & bars peer group is "buy."

* Wall Street's median 12-month price target for Krispy Kreme Inc ( DNUT ) is $3.75, about 0.5% below its November 5 closing price of $3.77

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)