Krispy Kreme, Inc. DNUT

Consumer discretionary SIC 5400 - Retail-Food Stores NAICS Retail Trade › Food and Beverage Retailers › Specialty Food Retailers derived Nasdaq

Krispy Kreme, Inc. ("KKI" and, together with its subsidiaries, the "Company" or "Krispy Kreme") is one of the most beloved and well-known sweet treat brands in the world. Over its nearly 89-year history, Krispy Kreme has developed a broad consumer base globally and currently operates in 42 countries through its unique network of shops ("Doughnut Shops"), partnerships with leading retailers, and growing digital business. The Company's purpose is to touch and enhance lives through the joy that is Krispy Kreme.

We are an omni-channel business that focuses on fresh, high-quality doughnuts with 15,194 points of access globally as of the end of fiscal 2025. We refer to the points of access where consumers can purchase our doughnuts as our "Global Points of Access" or "Points of Access" when referring to points of access in a particular region or segment. We sell doughnuts to consumers through three main channels: (1) Hot Light Theater Shops and Fresh Shops, (2) fresh delivery, and (3) digital. These channels are supported by a capital-efficient Hub and Spoke model, which leverages production capabilities of our "Hubs" to deliver fresh doughnuts to our "Spokes."

Last close 2.82 2026-10-23
Market cap $489.3M 2026-06-28 share count
52-week range 2.81 - 4.75

Valuation FY2025 figures against the last close

P/S0.3x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield2.4%
Diluted EPS-3.04

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • U.S.
  • All other
  • U.K.
  • Mexico
  • Australia / New Zealand
Revenue by geography, 5 categories over 3 years. The same figures are in the table below. FY2025 U.S., FY2025: 937.7M (61.6%) 62% U.S. All other, FY2025: 182.4M (12.0%) 12% All other U.K., FY2025: 159.5M (10.5%) 10% U.K. Mexico, FY2025: 125.2M (8.2%) 8% Mexico Australia / New Zealand, FY2025: 117.9M (7.7%) 8% FY2024 U.S., FY2024: 1.1B (65.5%) 66% All other, FY2024: 165.4M (9.9%) 10% U.K., FY2024: 158.5M (9.5%) 10% Mexico, FY2024: 127.2M (7.6%) 8% Australia / New Zealand, FY2024: 122.7M (7.4%) 7% FY2023 U.S., FY2023: 1.1B (67.9%) 68% All other, FY2023: 149.4M (8.9%) 9% U.K., FY2023: 154.8M (9.2%) 9% Mexico, FY2023: 120.1M (7.1%) 7% Australia / New Zealand, FY2023: 117.3M (7.0%) 7%
Region FY2025FY2024FY2023
U.S. $937.7M $1.09B $1.14B
All other $182.4M $165.4M $149.4M
U.K. $159.5M $158.5M $154.8M
Mexico $125.2M $127.2M $120.1M
Australia / New Zealand $117.9M $122.7M $117.3M

As the company reported it, from the “Segment Reporting - Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $1.52B$1.67B$1.69B$1.53B$1.38B$1.12B$959.4M—
SG&A $226.3M$274.3M$266.9M$223.2M$222.4M$182.3M$161.5M—
Operating income -$469.3M-$8.7M$13.1M$29.0M$41.1M$4.3M$38.0M—
Pre-tax income -$544.6M$19.8M-$41.0M-$8.2M-$4.1M-$51.8M-$21.4M—
Income tax $20.8M$16.0M$4.3M$612.0K$10.7M$9.1M$12.6M—
Net income -$523.8M$3.8M-$36.6M-$8.8M-$14.8M-$64.3M-$37.4M—
EPS, basic -3.040.02-0.23-0.10-0.18-0.52-0.30—
EPS, diluted -3.040.02-0.23-0.10-0.18-0.52-0.30—
Shares, diluted (wtd. avg.) 170.9M171.5M168.3M167.5M147.7M125.0M125.0M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $42.4M$29.0M$38.2M$35.7M$39.2M$37.5M$35.5M$53.1M
Receivables $55.7M$57.4M$45.9M$40.1M$41.1M$39.6M——
Inventory $26.9M$28.1M$34.7M$46.2M$34.9M$38.5M——
Total current assets $174.5M$172.9M$173.6M$178.3M$156.9M$164.1M——
Property, plant and equipment ———————$227.1M
Goodwill $712.3M$1.05B$1.10B$1.09B$1.11B$1.09B$1.05B—
Other intangibles $797.7M$819.9M$946.3M$966.1M$992.5M$998.0M—$920.3M
Total assets $2.59B$3.07B$3.24B$3.15B$3.15B$3.06B——
Accounts payable $134.4M$123.3M$156.5M$225.3M$182.1M$148.6M——
Short-term debt ———————$38.1M
Total current liabilities $457.3M$486.2M$525.6M$516.5M$526.2M$497.8M——
Long-term debt ———————$592.7M
Total liabilities $1.92B$1.91B$1.98B$1.85B$1.81B$2.21B——
Retained earnings -$821.4M-$299.6M-$279.0M-$217.5M-$178.4M-$142.2M—-$67.6M
Total equity $650.1M$1.13B$1.24B$1.27B$1.34B$848.4M$883.4M$861.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow $33.9M$45.8M$45.5M$139.8M$141.2M$28.7M$80.8M—
Depreciation and amortisation $137.1M$133.6M$125.9M$110.3M$101.6M$80.4M$63.8M—
Stock-based compensation $12.9M$35.1M$24.2M$18.2M$22.9M$11.6M$10.7M—
Capital expenditure $97.9M$120.8M$121.4M$111.7M$119.5M$97.8M$76.4M—
Investing cash flow -$12.1M$19.3M-$112.6M-$121.5M-$153.4M-$168.1M-$226.6M—
Financing cash flow -$7.8M-$73.9M$71.9M-$16.8M$16.1M$139.4M$129.1M—
Dividends paid $11.9M$23.7M$23.6M$23.4M$48.2M$42.0K$2.6M—
Buybacks $1.4M$5.5M$1.9M$4.0M$139.1M$0$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-182138.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B Revenue, FY2019: 959.4M Net income, FY2019: -37.4M Revenue, FY2020: 1.1B Net income, FY2020: -64.3M Revenue, FY2021: 1.4B Net income, FY2021: -14.8M Revenue, FY2022: 1.5B Net income, FY2022: -8.8M Revenue, FY2023: 1.7B Net income, FY2023: -36.6M Revenue, FY2024: 1.7B Net income, FY2024: 3.8M Revenue, FY2025: 1.5B Net income, FY2025: -523.8M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $959.4M $1.12B $1.38B $1.53B $1.69B $1.67B $1.52B
Gross profit — — — — — — — —
Net income — -$37.4M -$64.3M -$14.8M -$8.8M -$36.6M $3.8M -$523.8M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Material agreement signed Item 1.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.