Krispy Kreme, Inc. (DNUT) AI Stock Analysis

Krispy Kreme, Inc. operates under an omni-channel business model delivering doughnuts and baked goods through three distinct segments: U.S. and Canada, International, and Market Development. In addition to its traditional doughnuts, the company offers cookies, brownies, cookie cakes, ice cream, cookie-wiches, cold milk, doughnut mixes, ingredients, and doughnut production equipment. As of January 2, 2022, Krispy Kreme operated 1,810 shops under the Krispy Kreme and Insomnia Cookies brands in about 30 countries, consisting of 971 company-owned and 839 franchised shops. Distribution channels include retail shops, fresh daily delivery outlets, e-commerce platforms, and delivery operations.

Krispy Kreme grew revenue from $1.38B in FY2021 to a peak of $1.69B in FY2023, reflecting a 5-year revenue CAGR of 6.3% from FY2020 to FY2025. However, revenue fell 1.2% in FY2024 to $1.67B and declined 8.6% in FY2025 to $1.52B. Gross margin compressed sharply to 14.1% in FY2025 from 75.4% in FY2024, contributing to an operating margin of -2.2% and a net loss of -$515.8M. For the trailing twelve months ended June 30, 2026, revenue stood at $1.47B with an operating margin of -2.0% and an eps of -$0.57, as quarterly revenue dropped 12.8% year-over-year.

As of June 30, 2026, Krispy Kreme held $21.8M in cash and short-term investments against $469.0M in total debt, resulting in net debt of $447.2M. The company's current ratio stood at 0.36, and debt-to-equity was 0.76 on shareholders' equity of $618.1M. Operating cash flow in FY2025 was $33.9M, which was exceeded by capital expenditures of $97.9M, generating free cash flow of -$64.0M. During FY2025, the company used cash for $11.9M in dividends paid and $1.4M in share buybacks.

At $3.02 per share, Krispy Kreme has a market capitalization of $524.0M and an enterprise value of $1.77B. The stock trades at a price-to-sales multiple of 0.4x and an enterprise value to revenue multiple of 1.2x. Its EV-to-EBITDA ratio is 18.0x, higher than the median of 11.7x for its US-listed Consumer Defensive peers. Over the past year, the stock dropped 9.6%, trailing the S&P 500 (SPY) gain of 16.8%, and has declined 77.3% over five years compared to an 83.0% gain for the benchmark.

Consensus ratings across 7 analysts show 2 Strong Buy, 0 Buy, 3 Hold, 1 Sell, and 1 Strong Sell. The mean price target is $4.08, representing a 35.2% premium to the last close of $3.02. For the fiscal year ending December 31, 2026, analysts estimate an eps of -$0.01 on revenue of $1.33B. For the next fiscal year, 6 analysts project eps of $0.05 and revenue of $1.40B, representing 5.2% revenue growth. Over the last 4 quarters, the company beat eps estimates 2 times. The next earnings date is November 5, 2026.

This page is an AI-written research summary of Krispy Kreme, Inc. (DNUT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: DNUT income statement, DNUT balance sheet, DNUT key metrics, DNUT analyst forecast, DNUT chart. See the DNUT stock overview for the latest quote and news.