By Karen Roman
Krispy Kreme, Inc. (Nasdaq: DNUT) said second quarter adjusted EBITDA grew 43.2% to $28.8 million, and net revenue decreased 12.8% to $331.0 million due to its refranchising strategy and the closure of underperforming stores.
System-wide sales increased 1.1% in constant currency terms to reach $497.3 million, and rose 2.6% excluding sales attributable to the now-ended McDonald’s U.S. partnership, it stated.
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The company announced it is maintaining the fiscal outlook for 2026 and expects net revenue between $1.25 billion to $1.35 billion and adjusted EBITDA of $140 million to $150 million.
“The second quarter highlighted continued significant progress on our turnaround to strengthen the balance sheet, reduce leverage, and drive sustainable, profitable growth,” said Josh Charlesworth, Krispy Kreme CEO. “Demand for our fresh, iconic doughnuts across the U.S. and international markets drove systemwide sales growth of 2.6% excluding the impact of the now-ended McDonald’s USA partnership.”
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