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07.05.26 - 12:51
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Krispy Kreme Reports First Quarter 2026 Financial Results Demonstrating Significant Progress on Turnaround (Business Wire)
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Reduces net leverage, expands adjusted EBITDA margin, and delivers positive free cash flowCHARLOTTE, N.C.--(BUSINESS WIRE)--Krispy Kreme, Inc. (NASDAQ: DNUT) (“Krispy Kreme”, “KKI”, or the “Company”) today reported financial results for the quarter ended March 29, 2026.
First Quarter 2026 Highlights (vs Q1 2025)
Net revenue of $367.0 million declined 2.2%, reflecting the strategic closure of underperforming doors completed in the third quarter of 2025
Systemwide sales of $485.3 million increased 0.7% in constant currency excluding sales attributable to the now-ended McDonald's USA partnership
GAAP net loss of $22.7 million improved $10.7 million
Adjusted EBITDA of $33.1 million increased 38.0%
Cash provided by operating activities of $20.2 million increased $41.0 million, free cash flow of $11.4 million increased $58.1 million
“The first quarter highlighted significant progress across every pillar of our turnaround plan. We reduced net leverage, increased adjusted EBITDA margin by 260 basis...
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