Krispy Kreme’s (DNUT) Turnaround Math Still Has A Revenue Problem
Krispy Kreme (DNUT) reported Q2 net revenue down 12.8% to $331.0M, with its fourth straight loss. Adjusted EBITDA rose 43.2% to $28.8M. Margins improved, with US segment margin up 370 bps. The company is deleveraging and refranchising, but global points of access fell 13.5% and US revenue dropped 25.0%.






