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About

Krispy Kreme, Inc., together with its subsidiaries, produces doughnuts in the United States, the United Kingdom, Ireland, Australia, New Zealand, Mexico, Canada, Japan, and internationally. It operates in three segments: U.S., International, and Market Development. The company offers doughnut experiences through hot light theater and fresh shops, delivered fresh daily branded cabinets and merchandising units within grocery and convenience stores, quick service restaurants, club memberships, drug stores, and digital channels. It also operates Krispy Kreme company-owned shops and franchise shops. The company was formerly known as Krispy Kreme Doughnuts, Inc. and changed its name to Krispy Kreme, Inc. in May 2021. Krispy Kreme, Inc. was founded in 1937 and is based in Charlotte, North Carolina.

Fundamentals
Scroll to Statements
Sector Consumer Defensive Industry Grocery Stores Market Cap 512.19M
Enterprise Value 1.95B Income -510.43M Sales 1.53B
Book/sh 3.91 Cash/sh 0.18 Dividend Yield 4.73%
Payout 7.00% Employees 21000 IPO —
P/E — Forward P/E -37.91 PEG —
P/S 0.33 P/B 0.76 P/C —
EV/EBITDA 31.39 EV/Sales 1.27 Quick Ratio 0.23
Current Ratio 0.36 Debt/Eq 208.42 LT Debt/Eq —
EPS (ttm) -2.99 EPS next Y -0.08 EPS Growth —
Revenue Growth -1.20% Earnings 2026-02-26 ROA -1.66%
ROE -54.32% ROIC — Gross Margin 22.85%
Oper. Margin -3.11% Profit Margin -33.27% Shs Outstand 171.30M
Shs Float 88.57M Short Float 23.78% Short Ratio 9.27
Short Interest — 52W High 9.27 52W Low 2.50
Beta 1.31 Avg Volume 2.42M Volume 1.17M
Target Price $3.91 Recom None Prev Close $2.96
Price $2.99 Change 1.01%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$3.91
Mean price target
2. Current target
$2.99
Latest analyst target
3. DCF / Fair value
$-9.72
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.99
Low
$3.00
High
$5.00
Mean
$3.91

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-08-27 down JP Morgan Neutral → Underweight —
2025-07-18 main B of A Securities Buy → Buy $6
2025-07-14 main Morgan Stanley Overweight → Overweight $3
2025-05-14 down JP Morgan Overweight → Neutral —
2025-05-09 main Citigroup Neutral → Neutral $4
2025-04-24 main Truist Securities Buy → Buy $7
2025-02-26 reit Truist Securities Buy → Buy $12
2025-02-26 main Piper Sandler Overweight → Overweight $12
2025-02-26 down Morgan Stanley Equal-Weight → Underweight $6
2025-01-21 main Morgan Stanley Equal-Weight → Equal-Weight $12
2024-11-12 main JP Morgan Overweight → Overweight $13
2024-10-22 main B of A Securities Buy → Buy $16
2024-07-23 up HSBC Hold → Buy $14
2024-07-17 main B of A Securities Buy → Buy $16
2024-06-10 up Truist Securities Hold → Buy $15
2024-04-08 main B of A Securities Buy → Buy $19
2024-04-05 up Piper Sandler Neutral → Overweight $20
2024-03-27 main Citigroup Neutral → Neutral $19
2024-03-19 main JP Morgan Neutral → Neutral $13
2024-01-22 init Capital One — → Equal-Weight $16
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 2764 — — Stock Award(Grant) at price 0.00 per share. ZANDHUIS THERESA Officer — 2026-01-29 00:00:00 D
1 1382 — — Stock Award(Grant) at price 0.00 per share. DUVIVIER RAPHAEL Chief Financial Officer — 2026-01-29 00:00:00 D
2 1152 — — Stock Award(Grant) at price 0.00 per share. HOLDER ALISON Officer — 2026-01-29 00:00:00 D
3 1382 — — Stock Award(Grant) at price 0.00 per share. STEELE NICOLA Chief Operating Officer — 2026-01-29 00:00:00 D
4 691 — — Stock Award(Grant) at price 0.00 per share. ESPOSITO JOSEPH J. Officer — 2026-01-29 00:00:00 D
5 3455 — — Stock Award(Grant) at price 0.00 per share. CHARLESWORTH JOSHUA Chief Executive Officer — 2026-01-29 00:00:00 D
6 2641 11294 — Sale at price 4.28 per share. ESPOSITO JOSEPH J. Officer — 2025-11-11 00:00:00 D
7 104439 — — Stock Award(Grant) at price 0.00 per share. HOLDER ALISON Officer — 2025-10-01 00:00:00 D
8 20000 — — Stock Award(Grant) at price 0.00 per share. ESPOSITO JOSEPH J. Officer — 2025-09-15 00:00:00 D
9 100000 — — Stock Award(Grant) at price 0.00 per share. ZANDHUIS THERESA Officer — 2025-07-14 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems18.28M-436.72K-887.67K-1.17M
TaxRateForCalcs0.210.110.210.21
NormalizedEBITDA126.39M139.36M140.43M146.09M
TotalUnusualItems87.04M-4.12M-4.23M-5.57M
TotalUnusualItemsExcludingGoodwill87.04M-4.12M-4.23M-5.57M
NetIncomeFromContinuingOperationNetMinorityInterest3.10M-37.92M-15.62M-24.51M
ReconciledDepreciation133.60M125.89M110.26M101.61M
ReconciledCostOfRevenue409.18M443.24M406.23M354.09M
EBITDA213.43M135.24M136.20M140.52M
EBIT79.83M9.35M25.94M38.91M
NetInterestIncome-60.07M-50.34M-34.10M-43.01M
InterestExpense60.07M50.34M34.10M43.01M
NormalizedIncome-65.67M-34.24M-12.28M-20.11M
NetIncomeFromContinuingAndDiscontinuedOperation3.10M-37.92M-15.62M-24.51M
TotalExpenses1.67B1.67B1.50B1.34B
TotalOperatingIncomeAsReported-8.73M13.14M28.98M41.10M
DilutedAverageShares171.50M168.29M167.47M147.65M
BasicAverageShares169.34M168.29M167.47M147.65M
DilutedEPS0.02-0.23-0.10-0.18
BasicEPS0.02-0.23-0.10-0.18
DilutedNIAvailtoComStockholders3.08M-37.95M-16.14M-26.10M
AverageDilutionEarnings-20.00K-28.00K-143.00K-122.00K
NetIncomeCommonStockholders3.10M-37.92M-16.00M-25.97M
OtherunderPreferredStockDividend0.000.00374.00K1.47M
NetIncome3.10M-37.92M-15.62M-24.51M
MinorityInterests-720.00K-1.28M-6.85M-9.66M
NetIncomeIncludingNoncontrollingInterests3.81M-36.65M-8.78M-14.84M
NetIncomeContinuousOperations3.81M-36.65M-8.78M-14.84M
TaxProvision15.95M-4.35M612.00K10.74M
PretaxIncome19.77M-40.99M-8.16M-4.10M
OtherIncomeExpense85.16M-7.92M-7.26M-7.76M
OtherNonOperatingIncomeExpenses-1.89M-3.80M-3.04M-2.19M
SpecialIncomeCharges87.04M-4.12M-4.23M-5.57M
GainOnSaleOfBusiness90.45M0.000.00
OtherSpecialCharges3.41M4.12M4.23M5.57M
NetNonOperatingInterestIncomeExpense-60.07M-50.34M-34.10M-43.01M
InterestExpenseNonOperating60.07M50.34M34.10M43.01M
OperatingIncome-5.32M17.27M33.20M46.67M
OperatingExpense1.26B1.23B1.09B983.63M
OtherOperatingExpenses805.95M786.97M714.44M620.14M
DepreciationAmortizationDepletionIncomeStatement133.60M125.89M110.26M101.61M
DepreciationAndAmortizationInIncomeStatement133.60M125.89M110.26M101.61M
SellingGeneralAndAdministration322.00M312.74M265.76M261.88M
SellingAndMarketingExpense47.70M45.87M42.57M39.49M
GeneralAndAdministrativeExpense274.30M266.86M223.20M222.39M
OtherGandA274.30M266.86M223.20M222.39M
GrossProfit1.26B1.24B1.12B1.03B
CostOfRevenue409.18M443.24M406.23M354.09M
TotalRevenue1.67B1.69B1.53B1.38B
OperatingRevenue1.67B1.69B1.53B1.38B
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber170.06M168.63M168.14M167.25M
ShareIssued170.06M168.63M168.14M167.25M
NetDebt871.94M853.06M743.72M678.33M
TotalDebt1.35B1.40B1.24B1.18B
TangibleBookValue-732.98M-878.61M-857.66M-866.25M
InvestedCapital2.04B2.06B1.98B1.95B
WorkingCapital-313.23M-352.01M-338.19M-369.26M
NetTangibleAssets-732.98M-878.61M-857.66M-866.25M
CapitalLeaseObligations451.99M504.95M455.92M465.57M
CommonStockEquity1.13B1.17B1.20B1.23B
TotalCapitalization1.98B2.01B1.94B1.91B
TotalEquityGrossMinorityInterest1.16B1.26B1.30B1.34B
MinorityInterest29.89M94.10M102.54M104.07M
StockholdersEquity1.13B1.17B1.20B1.23B
OtherEquityInterest-1.91M-3.85M-4.81M-4.38M
GainsLossesNotAffectingRetainedEarnings-32.13M7.25M-9.15M-2.48M
OtherEquityAdjustments-32.13M7.25M-9.15M-2.48M
RetainedEarnings-299.64M-278.99M-217.49M-178.41M
AdditionalPaidInCapital1.47B1.44B1.43B1.42B
CapitalStock1.70M1.69M1.68M1.67M
CommonStock1.70M1.69M1.68M1.67M
TotalLiabilitiesNetMinorityInterest1.91B1.98B1.85B1.81B
TotalNonCurrentLiabilitiesNetMinorityInterest1.42B1.45B1.33B1.28B
OtherNonCurrentLiabilities40.77M36.09M38.26M42.51M
NonCurrentDeferredLiabilities130.75M123.92M143.12M145.42M
NonCurrentDeferredTaxesLiabilities130.75M123.92M143.12M145.42M
LongTermDebtAndCapitalLeaseObligation1.25B1.29B1.15B1.10B
LongTermCapitalLeaseObligation405.37M454.58M412.76M415.21M
LongTermDebt844.55M836.62M739.05M680.31M
CurrentLiabilities486.17M525.59M516.47M526.16M
CurrentDebtAndCapitalLeaseObligation102.98M105.00M83.19M86.94M
CurrentCapitalLeaseObligation46.62M50.37M43.16M50.36M
CurrentDebt56.36M54.63M40.03M36.58M
OtherCurrentBorrowings56.36M54.63M40.03M36.58M
PayablesAndAccruedExpenses383.20M420.60M433.27M439.21M
CurrentAccruedExpenses124.21M134.00M104.42M140.75M
Payables258.98M286.59M328.85M298.46M
OtherPayable135.67M130.10M103.58M116.36M
AccountsPayable123.32M156.49M225.28M182.10M
TotalAssets3.07B3.24B3.15B3.15B
TotalNonCurrentAssets2.90B3.07B2.97B2.99B
OtherNonCurrentAssets19.50M20.73M26.53M16.43M
InvestmentsAndAdvances91.07M2.81M
LongTermEquityInvestment91.07M2.81M
GoodwillAndOtherIntangibleAssets1.87B2.05B2.05B2.10B
OtherIntangibleAssets819.93M946.35M966.09M992.52M
Goodwill1.05B1.10B1.09B1.11B
NetPPE921.01M995.18M889.74M874.09M
AccumulatedDepreciation-445.61M-405.46M-321.13M-264.66M
GrossPPE1.37B1.40B1.21B1.14B
Leases243.36M285.01M216.51M195.13M
ConstructionInProgress34.22M42.82M62.41M60.94M
OtherProperties409.87M456.96M417.38M435.17M
MachineryFurnitureEquipment504.96M445.06M348.28M287.66M
BuildingsAndImprovements163.12M158.67M154.77M146.92M
LandAndImprovements11.10M12.12M11.53M12.93M
Properties0.000.000.000.00
CurrentAssets172.94M173.58M178.27M156.90M
OtherCurrentAssets31.61M25.36M26.95M20.70M
RestrictedCash353.00K429.00K359.00K630.00K
PrepaidAssets20.70M
Inventory28.13M34.72M46.24M34.85M
FinishedGoods7.11M13.51M25.05M18.87M
WorkInProcess328.00K211.00K476.00K700.00K
RawMaterials20.70M21.00M20.71M15.28M
Receivables83.88M74.89M69.35M62.15M
OtherReceivables8.41M12.48M10.26M5.94M
DuefromRelatedPartiesCurrent1.88M1.03M696.00K423.00K
TaxesReceivable16.16M15.53M18.26M14.66M
AccountsReceivable57.44M45.86M40.13M41.13M
AllowanceForDoubtfulAccountsReceivable-1.06M-564.00K-282.00K
GrossAccountsReceivable58.50M46.42M40.41M
CashCashEquivalentsAndShortTermInvestments28.96M38.19M35.37M38.56M
OtherShortTermInvestments0.00
CashAndCashEquivalents28.96M38.19M35.37M38.56M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-74.96M-75.88M28.10M21.73M
RepurchaseOfCapitalStock-5.49M-1.88M-4.31M-139.10M
RepaymentOfDebt-712.78M-1.08B-101.18M-1.15B
IssuanceOfDebt676.25M1.18B149.00M695.00M
IssuanceOfCapitalStock919.00K764.00K0.00647.86M
CapitalExpenditure-120.79M-121.43M-111.72M-119.50M
EndCashPosition29.32M38.61M35.73M39.19M
BeginningCashPosition38.61M35.73M39.19M37.48M
EffectOfExchangeRateChanges-462.00K-1.93M-4.97M-2.20M
ChangesInCash-8.84M4.82M1.51M3.91M
FinancingCashFlow-73.95M71.86M-16.84M16.10M
CashFlowFromContinuingFinancingActivities-73.95M71.86M-16.84M16.10M
NetOtherFinancingCharges-9.16M5.23M-36.92M7.57M
CashDividendsPaid-23.69M-23.56M-23.43M-48.19M
CommonStockDividendPaid-23.69M-23.56M-23.43M-48.19M
NetCommonStockIssuance-4.57M-1.12M-4.31M508.76M
CommonStockPayments-5.49M-1.88M-4.31M-139.10M
CommonStockIssuance919.00K764.00K0.00647.86M
NetIssuancePaymentsOfDebt-36.53M91.31M47.82M-452.05M
NetLongTermDebtIssuance-36.53M91.31M47.82M-452.05M
LongTermDebtPayments-712.78M-1.08B-101.18M-1.15B
LongTermDebtIssuance676.25M1.18B149.00M695.00M
InvestingCashFlow19.28M-112.59M-121.47M-153.41M
CashFlowFromContinuingInvestingActivities19.28M-112.59M-121.47M-153.41M
NetOtherInvestingChanges45.08M238.00K161.00K310.00K
NetInvestmentPurchaseAndSale0.000.001.02M
SaleOfInvestment0.000.001.02M
PurchaseOfInvestment0.000.00
NetBusinessPurchaseAndSale88.68M-1.42M-18.32M-46.33M
SaleOfBusiness124.13M0.000.00
PurchaseOfBusiness-35.44M-1.42M-18.32M-46.33M
NetIntangiblesPurchaseAndSale-46.33M
PurchaseOfIntangibles-46.33M
NetPPEPurchaseAndSale-114.48M-111.40M-103.32M-108.41M
SaleOfPPE6.31M10.03M8.40M11.09M
PurchaseOfPPE-120.79M-121.43M-111.72M-119.50M
OperatingCashFlow45.83M45.54M139.82M141.22M
CashFlowFromContinuingOperatingActivities45.83M45.54M139.82M141.22M
ChangeInWorkingCapital-34.81M-76.68M10.11M33.10M
ChangeInOtherWorkingCapital-1.23M5.11M-793.00K7.79M
ChangeInOtherCurrentLiabilities3.35M-2.19M2.58M-493.00K
ChangeInOtherCurrentAssets-873.00K-2.40M-1.69M-316.00K
ChangeInPayablesAndAccruedExpense-20.16M-74.47M32.02M30.24M
ChangeInInventory-2.01M780.00K-12.52M-301.00K
ChangeInReceivables-13.89M-3.52M-9.48M-3.82M
OtherNonCashItems-619.00K2.15M2.23M594.00K
StockBasedCompensation35.15M24.20M18.17M22.92M
ProvisionandWriteOffofAssets646.00K654.00K570.00K275.00K
AssetImpairmentCharge7.25M36.16M19.16M7.58M
AmortizationOfSecurities-5.91M-10.29M0.000.00
DeferredTax3.07M-18.49M-14.24M-3.50M
DeferredIncomeTax3.07M-18.49M-14.24M-3.50M
DepreciationAmortizationDepletion133.60M125.89M110.26M101.61M
DepreciationAndAmortization133.60M125.89M110.26M101.61M
OperatingGainsLosses-96.35M-1.41M2.32M-6.51M
EarningsLossesFromEquityInvestments-5.58M0.000.00
GainLossOnInvestmentSecurities-5.91M7.66M8.48M
GainLossOnSaleOfPPE-319.00K-9.54M-6.16M-8.21M
GainLossOnSaleOfBusiness-90.45M0.000.00
NetIncomeFromContinuingOperations3.81M-36.65M-8.78M-14.84M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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