NASDAQ : DNUT
Krispy Kreme, Inc. — Financial statements
Consumer Staples · Grocery Stores · United States
Last price 3.2 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 555.20M
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Financial statements
Krispy Kreme, Inc. (DNUT) reported revenue of 1.47B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.47B | 1.52B | 1.67B | 1.69B | 1.53B | 1.38B |
| Cost of Revenue | 1.10B | 1.17B | 1.22B | 1.21B | 1.11B | 984.33M |
| Gross Profit | 365.68M | 351.02M | 446.30M | 476.37M | 419.38M | 400.06M |
| Selling, General & Admin | 259.53M | 271.34M | 322.00M | 312.74M | 265.76M | 261.88M |
| Other Operating Expenses | 1.30M | -871.00K | -1.28M | -5.38M | 106.00K | -4.33M |
| Operating Expenses | 388.71M | 411.12M | 457.72M | 437.36M | 380.36M | 364.73M |
| Operating Income | -23.03M | -60.10M | -11.42M | 39.01M | 39.03M | 35.33M |
| Interest Expense | -61.90M | -65.80M | -60.07M | -50.34M | -34.10M | -43.01M |
| Currency Exchange Gain (Loss) | 986.00K | 737.00K | -404.00K | -175.00K | -90.00K | -62.00K |
| Other Non Operating Income (Expenses) | -169.00K | 1.23M | -1.48M | -3.62M | -2.95M | -2.13M |
| EBT Excluding Unusual Items | -84.12M | -123.92M | -73.37M | -15.13M | 1.89M | -9.87M |
| Merger & Restructuring Charges | -17.90M | |||||
| Impairment of Goodwill | -355.96M | |||||
| Gain (Loss) on Sale of Investments | 5.58M | |||||
| Gain (Loss) on Sale of Assets | 49.00K | -4.75M | 92.02M | 9.65M | 6.55M | 8.67M |
| Asset Writedown | -31.45M | -76.46M | -4.46M | -17.61M | -16.60M | -2.90M |
| Other Unusual Items | 8.88M | |||||
| Pretax Income | -90.14M | -544.60M | 19.77M | -40.99M | -8.16M | -4.10M |
| Income Tax Expense | 1.62M | -20.82M | 15.95M | -4.35M | 612.00K | 10.74M |
| Earnings From Continuing Operations | -91.76M | -523.78M | 3.81M | -36.65M | -8.78M | -14.84M |
| Minority Interest in Earnings | 1.44M | 8.01M | -720.00K | -1.28M | -6.85M | -9.66M |
| Net Income | -90.32M | -515.77M | 3.10M | -37.92M | -15.62M | -24.51M |
| Preferred Dividends & Other Adjustments | 5.40M | 4.29M | 374.00K | 1.47M | ||
| Net Income to Common | -95.72M | -520.06M | 3.10M | -37.92M | -16.00M | -25.97M |
| Shares Outstanding (Basic) | 171.80M | 170.92M | 169.34M | 168.29M | 167.47M | 147.66M |
| Shares Outstanding (Diluted) | 171.80M | 170.92M | 171.50M | 168.29M | 167.47M | 147.66M |
| EPS (Basic) | -0.56 | -3.04 | 0.02 | -0.23 | -0.10 | -0.18 |
| EPS (Diluted) | -0.56 | -3.04 | 0.02 | -0.23 | -0.10 | -0.18 |
| Free Cash Flow | 37.34M | -64.00M | -74.96M | -75.88M | 28.10M | 21.73M |
| Free Cash Flow Per Share | 0.22 | -0.37 | -0.44 | -0.45 | 0.17 | 0.15 |
| Dividend Per Share | 0.04 | 0.14 | 0.14 | 0.14 | 0.07 | |
| Gross Margin | 24.95% | 23.05% | 26.80% | 28.25% | 27.41% | 28.90% |
| Operating Margin | -1.57% | -3.95% | -0.69% | 2.31% | 2.55% | 2.55% |
| Profit Margin | -6.53% | -34.16% | 0.19% | -2.25% | -1.05% | -1.88% |
| Free Cash Flow Margin | 2.55% | -4.20% | -4.50% | -4.50% | 1.84% | 1.57% |
| EBITDA | 103.48M | 76.98M | 122.18M | 164.90M | 149.29M | 136.94M |
| EBITDA Margin | 7.06% | 5.06% | 7.34% | 9.78% | 9.76% | 9.89% |
| D&A For EBITDA | 126.51M | 137.07M | 133.60M | 125.89M | 110.26M | 101.61M |
| EBIT | -23.03M | -60.10M | -11.42M | 39.01M | 39.03M | 35.33M |
| EBIT Margin | -1.57% | -3.95% | -0.69% | 2.31% | 2.55% | 2.55% |
| Effective Tax Rate | 80.70% | |||||
| Revenue as Reported | 1.47B | 1.52B | 1.67B | 1.69B | 1.53B | 1.38B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 21.82M | 42.39M | 28.96M | 38.19M | 35.37M | 38.56M |
| Trading Asset Securities | 112.00K | 1.60M | 7.22M | |||
| Cash & Short-Term Investments | 21.82M | 42.39M | 29.07M | 39.78M | 42.59M | 38.56M |
| Accounts Receivable | 74.94M | 55.74M | 57.44M | 45.86M | 40.13M | 41.13M |
| Other Receivables | 16.63M | 16.73M | 26.44M | 29.03M | 29.22M | 21.02M |
| Receivables | 91.57M | 72.47M | 83.88M | 74.89M | 69.35M | 62.15M |
| Inventory | 28.67M | 26.88M | 28.13M | 34.72M | 46.24M | 34.85M |
| Prepaid Expenses | 20.65M | 18.89M | 31.50M | 23.77M | 19.22M | 19.21M |
| Restricted Cash | 317.00K | 501.00K | 353.00K | 429.00K | 359.00K | 630.00K |
| Other Current Assets | 2.39M | 13.33M | 514.00K | 1.49M | ||
| Total Current Assets | 165.42M | 174.45M | 172.94M | 173.58M | 178.27M | 156.90M |
| Property, Plant & Equipment | 725.68M | 856.46M | 921.01M | 995.18M | 889.74M | 874.09M |
| Long-Term Investments | 21.95M | 7.41M | 91.32M | 2.81M | 3.24M | |
| Goodwill | 669.75M | 712.26M | 1.05B | 1.10B | 1.09B | 1.11B |
| Other Intangible Assets | 727.73M | 797.75M | 819.93M | 946.35M | 966.09M | 992.52M |
| Long-Term Deferred Tax Assets | 911.00K | 2.07M | 2.11M | 2.73M | 377.00K | |
| Other Long-Term Assets | 52.81M | 43.71M | 17.18M | 18.62M | 20.55M | 16.05M |
| Total Assets | 2.36B | 2.59B | 3.07B | 3.24B | 3.15B | 3.15B |
| Accounts Payable | 148.50M | 134.38M | 123.32M | 156.49M | 225.28M | 182.10M |
| Accrued Expenses | 76.20M | 79.38M | 106.95M | 111.48M | 84.84M | 112.72M |
| Current Portion of Long-Term Debt | 55.20M | 48.10M | 40.00M | 46.00M | 35.00M | 43.53M |
| Current Portion of Leases | 63.24M | 72.83M | 62.98M | 59.00M | 48.19M | 51.94M |
| Current Unearned Revenue | 14.78M | 16.67M | 16.51M | 22.07M | 19.42M | 19.42M |
| Other Current Liabilities | 107.20M | 105.91M | 136.42M | 130.56M | 103.75M | 116.44M |
| Total Current Liabilities | 465.12M | 457.28M | 486.17M | 525.59M | 516.47M | 526.16M |
| Long-Term Debt | 749.15M | 860.22M | 781.18M | 798.13M | 711.50M | 663.55M |
| Long-Term Leases | 396.39M | 452.18M | 468.74M | 493.07M | 440.31M | 438.10M |
| Long-Term Unearned Revenue | 9.84M | 9.78M | 8.57M | 6.00M | 3.95M | 2.98M |
| Long-Term Deferred Tax Liabilities | 93.80M | 96.24M | 130.75M | 123.92M | 143.12M | 145.42M |
| Other Long-Term Liabilities | 29.24M | 40.31M | 32.20M | 30.09M | 34.31M | 33.40M |
| Total Liabilities | 1.74B | 1.92B | 1.91B | 1.98B | 1.85B | 1.81B |
| Common Stock | 1.73M | 1.72M | 1.70M | 1.69M | 1.68M | 1.67M |
| Additional Paid-In Capital | 1.47B | 1.47B | 1.47B | 1.44B | 1.43B | 1.42B |
| Retained Earnings | -864.48M | -821.39M | -299.64M | -278.99M | -217.49M | -178.41M |
| Comprehensive Income & Other | 6.16M | -3.85M | -34.03M | 3.40M | -13.96M | -6.86M |
| Total Common Equity | 618.05M | 650.12M | 1.13B | 1.17B | 1.20B | 1.23B |
| Minority Interest | 1.72M | 26.84M | 29.89M | 94.10M | 102.54M | 104.07M |
| Shareholders' Equity | 619.78M | 676.96M | 1.16B | 1.26B | 1.30B | 1.34B |
| Total Liabilities & Equity | 2.36B | 2.59B | 3.07B | 3.24B | 3.15B | 3.15B |
| Total Debt | 1.26B | 1.43B | 1.35B | 1.40B | 1.24B | 1.20B |
| Net Cash (Debt) | -1.24B | -1.39B | -1.32B | -1.36B | -1.19B | -1.16B |
| Net Cash Per Share | -7.23 | -8.14 | -7.72 | -8.06 | -7.12 | -7.85 |
| Filing Date Shares Outstanding | 173.50M | 172.20M | 170.30M | 168.70M | 168.10M | 167.25M |
| Total Common Shares Outstanding | 172.74M | 171.56M | 170.06M | 168.63M | 168.14M | 167.25M |
| Working Capital | -299.70M | -282.83M | -313.23M | -352.01M | -338.19M | -369.26M |
| Book Value Per Share | 3.58 | 3.79 | 6.67 | 6.94 | 7.12 | 7.36 |
| Tangible Book Value | -779.41M | -859.89M | -732.98M | -878.61M | -857.66M | -866.25M |
| Tangible Book Value Per Share | -4.51 | -5.01 | -4.31 | -5.21 | -5.10 | -5.18 |
| Land | 9.52M | 11.10M | 12.12M | 11.53M | 12.93M | |
| Buildings | 166.03M | 163.12M | 158.67M | 154.77M | 146.92M | |
| Machinery | 439.93M | 409.88M | 355.04M | 282.22M | 243.67M | |
| Construction In Progress | 22.01M | 34.22M | 42.82M | 62.41M | 60.94M | |
| Leasehold Improvements | 267.03M | 243.36M | 285.01M | 216.51M | 195.13M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -90.32M | -515.77M | 3.10M | -37.92M | -15.62M | -24.51M |
| Depreciation & Amortization | 126.51M | 137.07M | 133.60M | 125.89M | 110.26M | 101.61M |
| Loss (Gain) From Sale of Assets | 2.64M | 6.39M | -90.77M | -9.54M | -6.16M | -8.21M |
| Asset Writedown & Restructuring Costs | 31.45M | 432.42M | 4.46M | 24.91M | 18.30M | 3.51M |
| Loss (Gain) From Sale of Investments | -11.49M | -10.29M | ||||
| Stock-Based Compensation | 13.55M | 12.87M | 35.15M | 24.20M | 18.17M | 22.92M |
| Provision & Write-off of Bad Debts | 3.81M | 1.44M | 646.00K | 654.00K | 570.00K | 275.00K |
| Other Operating Activities | -17.28M | -36.53M | 5.95M | 4.32M | 4.19M | 12.53M |
| Change in Accounts Receivable | -32.76M | 5.48M | -13.89M | -3.52M | -9.48M | -3.82M |
| Change in Inventory | -20.46M | -19.87M | -2.01M | 780.00K | -12.52M | -301.00K |
| Change in Accounts Payable | 53.51M | 15.08M | -20.16M | -74.47M | 32.02M | 30.24M |
| Change in Other Net Operating Assets | 26.60M | -4.67M | 1.25M | 531.00K | 97.00K | 6.98M |
| Operating Cash Flow | 97.26M | 33.92M | 45.83M | 45.54M | 139.82M | 141.22M |
| Capital Expenditures | -59.92M | -97.93M | -120.79M | -121.43M | -111.72M | -119.50M |
| Sale of Property, Plant & Equipment | 3.33M | 3.08M | 183.00K | 218.00K | 1.08M | 218.00K |
| Cash Acquisitions | -27.71M | -31.94M | -17.33M | -46.33M | ||
| Divestitures | 75.00M | 124.13M | ||||
| Investment in Securities | -729.00K | -3.00M | -3.51M | -1.42M | -989.00K | 1.02M |
| Other Investing Activities | 111.31M | 10.88M | 6.31M | 10.03M | 8.40M | 11.09M |
| Investing Cash Flow | 24.91M | -12.14M | 19.28M | -112.59M | -121.47M | -153.41M |
| Long-Term Debt Issued | 778.54M | 676.25M | 1.18B | 149.00M | 695.00M | |
| Long-Term Debt Repaid | -728.60M | -712.78M | -1.08B | -101.18M | -1.15B | |
| Net Debt Issued (Repaid) | -94.49M | 49.94M | -36.53M | 91.31M | 47.82M | -452.05M |
| Issuance of Common Stock | 262.00K | 919.00K | 764.00K | 647.86M | ||
| Repurchase of Common Stock | -1.09M | -1.35M | -5.49M | -1.88M | -4.02M | -139.10M |
| Common Dividends Paid | -11.93M | -23.69M | -23.56M | -23.43M | -48.19M | |
| Other Financing Activities | -27.59M | -44.41M | -9.16M | 5.23M | -37.21M | 7.57M |
| Financing Cash Flow | -122.91M | -7.76M | -73.95M | 71.86M | -16.84M | 16.10M |
| Foreign Exchange Rate Adjustments | 1.06M | -446.00K | -462.00K | -1.93M | -4.97M | -2.20M |
| Net Cash Flow | 319.00K | 13.58M | -9.30M | 2.88M | -3.46M | 1.71M |
| Free Cash Flow | 37.34M | -64.00M | -74.96M | -75.88M | 28.10M | 21.73M |
| Free Cash Flow Margin | 2.55% | -4.20% | -4.50% | -4.50% | 1.84% | 1.57% |
| Free Cash Flow Per Share | 0.22 | -0.37 | -0.44 | -0.45 | 0.17 | 0.15 |
| Levered Free Cash Flow | 23.41M | -61.72M | -44.19M | 10.79M | 5.04M | 37.48M |
| Unlevered Free Cash Flow | 62.10M | -20.60M | -6.65M | 42.25M | 26.35M | 64.36M |
| Cash Interest Paid | 58.00M | 58.00M | 56.90M | 55.80M | 30.70M | 44.30M |
| Cash Income Tax Paid | 9.81M | 9.81M | 18.50M | 11.10M | 16.70M | 13.60M |
| Change in Working Capital | 26.90M | -3.98M | -34.81M | -76.68M | 10.11M | 33.10M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 588.16M | 733.16M | 1.66B | 2.54B | 1.73B | 3.16B |
| Enterprise Value | 1.83B | 2.17B | 2.98B | 3.97B | 3.01B | 4.40B |
| Last Close Price | 3.39 | 4.28 | 9.66 | 14.74 | 9.98 | 18.12 |
| PE Ratio | 537.19 | |||||
| Forward PE | 48.57 | 42.90 | 37.88 | 43.93 | 29.77 | 47.81 |
| PS Ratio | 0.40 | 0.48 | 1.00 | 1.51 | 1.13 | 2.29 |
| PB Ratio | 0.95 | 1.08 | 1.43 | 2.01 | 1.33 | 2.37 |
| P/FCF Ratio | 15.75 | 61.49 | 145.64 | |||
| P/OCF Ratio | 6.05 | 21.61 | 36.28 | 55.86 | 12.36 | 22.41 |
| PEG Ratio | 1.08 | 1.27 | 2.11 | 1.71 | 1.62 | |
| EV/Sales Ratio | 1.25 | 1.43 | 1.79 | 2.36 | 1.97 | 3.17 |
| EV/EBITDA Ratio | 17.69 | 28.22 | 24.43 | 24.10 | 20.18 | 32.10 |
| EV/EBIT Ratio | 101.88 | 77.22 | 124.41 | |||
| EV/FCF Ratio | 49.02 | 107.23 | 202.29 | |||
| Debt / Equity Ratio | 2.04 | 2.12 | 1.16 | 1.10 | 0.95 | 0.90 |
| Debt / EBITDA Ratio | 5.74 | 7.05 | 5.39 | 4.74 | 4.63 | 4.92 |
| Debt / FCF Ratio | 33.85 | 43.95 | 55.10 | |||
| Net Debt / Equity Ratio | 2.00 | 2.06 | 1.14 | 1.07 | 0.92 | 0.87 |
| Net Debt / EBITDA Ratio | 12.00 | 18.07 | 10.84 | 8.23 | 7.99 | 8.46 |
| Net Debt / FCF Ratio | 33.26 | -21.73 | -17.66 | -17.88 | 42.43 | 53.32 |
| Asset Turnover | 0.59 | 0.54 | 0.53 | 0.53 | 0.49 | 0.45 |
| Inventory Turnover | 35.28 | 42.60 | 38.79 | 29.89 | 27.39 | 26.83 |
| Quick Ratio | 0.24 | 0.25 | 0.23 | 0.22 | 0.22 | 0.19 |
| Current Ratio | 0.36 | 0.38 | 0.36 | 0.33 | 0.34 | 0.30 |
| Return on Equity (ROE) | -13.72% | -56.89% | 0.31% | -2.86% | -0.67% | -1.36% |
| Return on Assets (ROA) | -0.58% | -1.33% | -0.23% | 0.76% | 0.78% | 0.71% |
| Return on Invested Capital (ROIC) | -1.24% | -2.64% | -0.09% | 1.53% | 1.57% | 1.43% |
| Return on Capital Employed (ROCE) | -1.20% | -2.80% | -0.40% | 1.40% | 1.50% | 1.30% |
| Earnings Yield | -16.47% | -70.35% | 0.19% | -1.49% | -0.90% | -0.77% |
| FCF Yield | 6.35% | -8.73% | -4.51% | -2.98% | 1.63% | 0.69% |
| Dividend Yield | 0.82% | 1.43% | 0.93% | 1.36% | 0.37% | |
| Payout Ratio | 765.49% | |||||
| Buyback Yield / Dilution | -0.96% | 0.34% | -1.91% | -0.49% | -13.42% | -18.14% |
| Total Shareholder Return | -0.96% | 1.16% | -0.48% | 0.44% | -12.06% | -17.77% |