By Karen Roman
Krispy Kreme, Inc. (Nasdaq: DNUT) said third quarter net revenue was $328.8 million, down 12.4% compared to the year prior. Adjusted earnings per share were $0.06 compared to $0.01, with price per share trading 30% up in the open market.
Systemwide sales increased 1.0% in constant currency from the prior year to reach $490.2 million, and free cash flow was ($10) million improving $82 million, it stated.
Adjusted EBITDA rose $4.0 million, and adjusted EBITDA margin improved 240 basis points due to a 320 basis point increase in the U.S. segment, the company added.
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The company said it updated its 2026 outlook and now expects net revenue between $1.35 billion and $1.40 billion compared to the previous $1.25 billion to $1.35 billion.
“We made significant progress on our turnaround in the third quarter, growing systemwide sales through international franchise expansion, reducing leverage, and improving free cash flow compared to last year,” said Josh Charlesworth, Krispy Kreme CEO.
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