Krispy Kreme raises 2026 revenue outlook after Q3 adjusted EPS beat
Krispy Kreme reported Q3 net revenue of $328.8 million, down 12.4% year over year on a reported basis, while adjusted EPS was $0.06. The company raised and narrowed its 2026 net revenue guidance to $1.35 billion to $1.40 billion from $1.25 billion to $1.35 billion, while maintaining adjusted EBITDA guidance of $140 million to $150 million. Systemwide sales increased 1% in constant currency to $490.2 million.
Why it matters
The higher revenue range gives investors an updated outlook, but the company expects adjusted EBITDA to remain within the previously stated range because the additional sales reflect a lower-margin mix and cost pressures. Refranchising reduces reported revenue while lowering capital intensity and debt requirements, according to management.
Key facts
- 1Q3 net revenue was $328.8 million, a 12.4% year-over-year decline on a reported basis. finance.biggo.com
- 2Q3 adjusted EPS was $0.06, compared with $0.01 in the year-earlier quarter. finance.biggo.com
- 32026 net revenue guidance increased to $1.35 billion to $1.40 billion from $1.25 billion to $1.35 billion. finance.biggo.com
- 4Systemwide sales rose 1% in constant currency to $490.2 million. finance.biggo.com
- 5The company maintained adjusted EBITDA guidance of $140 million to $150 million and systemwide sales growth guidance of 2% to 4% in constant currency. finance.biggo.com
- 6Full-year capital expenditure guidance was reduced to $40 million to $45 million from $50 million to $60 million. finance.biggo.com
Open questions
- The reported Q3 GAAP net loss is stated as $13.3 million in material 7 and $13.4 million in material 3.
- Revenue consensus is stated as $311.41 million in material 7 and $316 million in material 3.
Summary written by AlphAI AI Desk from 13 of 13 sources. Not investment advice. Figures are as stated by the linked sources.