--- title: "Krispy Kreme | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 367.03 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285772599.md" datetime: "2026-05-08T20:31:17.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285772599.md) - [en](https://longbridge.com/en/news/285772599.md) - [zh-HK](https://longbridge.com/zh-HK/news/285772599.md) --- # Krispy Kreme | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 367.03 M Revenue: As of FY2026 Q1, the actual value is USD 367.03 M, beating the estimate of USD 359.43 M. EPS: As of FY2026 Q1, the actual value is USD -0.16, missing the estimate of USD -0.0695. EBIT: As of FY2026 Q1, the actual value is USD 12 M. #### Segment Revenue - **U.S. Segment Net Revenues**: $221,550 thousand for the quarter ended March 29, 2026, a decrease from $236,544 thousand for the quarter ended March 30, 2025, representing a -6.3% decline year-over-year. - **International Segment Net Revenues**: $125,258 thousand for the quarter ended March 29, 2026, an increase from $119,635 thousand for the quarter ended March 30, 2025, representing a 4.7% growth year-over-year. - **Market Development Segment Net Revenues**: $20,226 thousand for the quarter ended March 29, 2026, an increase from $19,005 thousand for the quarter ended March 30, 2025, representing a 6.4% growth year-over-year. - **Total Net Revenues**: $367,034 thousand for the quarter ended March 29, 2026, a decrease from $375,184 thousand for the quarter ended March 30, 2025, representing a -2.2% decline. #### Operational Metrics - **U.S. Segment Adjusted EBITDA**: Increased to $25,549 thousand for the quarter ended March 29, 2026, from $15,911 thousand for the quarter ended March 30, 2025, a 60.6% increase, with a margin expansion of 480 basis points to 11.5%. - **International Segment Adjusted EBITDA**: Decreased to $14,472 thousand for the quarter ended March 29, 2026, from $14,897 thousand for the quarter ended March 30, 2025, a -2.9% decrease, and the margin declined by 90 basis points to 11.6%. - **Market Development Segment Adjusted EBITDA**: Increased to $11,634 thousand for the quarter ended March 29, 2026, from $11,047 thousand for the quarter ended March 30, 2025, a 5.3% increase, though the margin declined by 60 basis points to 57.5%. - **Consolidated Adjusted EBITDA**: Increased to $33,096 thousand for the quarter ended March 29, 2026, from $23,980 thousand for the quarter ended March 30, 2025, a 38.0% increase. - **Operating Loss**: - $3,625 thousand for the quarter ended March 29, 2026, an improvement from - $20,269 thousand for the quarter ended March 30, 2025. - **Net Loss attributable to Krispy Kreme, Inc.**: - $22,784 thousand for the quarter ended March 29, 2026, compared to - $33,284 thousand for the quarter ended March 30, 2025. - **Operating expenses**: Decreased by $10,737 thousand, or -5.4%, from $198,843 thousand in the first quarter of fiscal 2025 to $188,106 thousand in the first quarter of fiscal 2026, decreasing by approximately 170 basis points as a percentage of revenue. - **Selling, general and administrative (SG&A) expense**: Decreased by $1,372 thousand, or -2.3%, from $59,405 thousand in the first quarter of fiscal 2025 to $58,033 thousand in the first quarter of fiscal 2026. - **Gain on refranchising, net**: $8,885 thousand in the first quarter of fiscal 2026, compared to $0 thousand in the prior year period. #### Cash Flow - **Net cash provided by operating activities**: $20,166 thousand for the quarter ended March 29, 2026, a significant change from - $20,834 thousand for the quarter ended March 30, 2025. - **Net cash provided by investing activities**: $100,051 thousand for the quarter ended March 29, 2026, an increase of $125,900 thousand compared to - $25,811 thousand for the quarter ended March 30, 2025. - **Net cash used for financing activities**: - $88,103 thousand for the quarter ended March 29, 2026, compared to $36,798 thousand provided by financing activities for the quarter ended March 30, 2025. #### Unique Metrics - **Global Points of Access**: Totaled 15,125 as of March 29, 2026, a decrease of 15.9% compared to the first quarter of fiscal 2025, primarily due to the strategic closure of underperforming fresh delivery doors. - **U.S. Points of Access**: 6,171 (Hot Light Theater Shops: 176, Fresh Shops: 46, Fresh Delivery Doors: 5,949). - **International Points of Access**: 4,142 (Hot Light Theater Shops: 47, Fresh Shops: 448, Carts, Food Trucks, and Other: 17, Fresh Delivery Doors: 3,630). - **Market Development Points of Access**: 4,812 (Hot Light Theater Shops: 177, Fresh Shops: 1,246, Carts, Food Trucks, and Other: 30, Fresh Delivery Doors: 3,359). - **Hubs**: Totaled 418 as of March 29, 2026, a decrease from 426 in the prior year, driven by Hub optimization in the U.S.. - **U.S. Hubs**: 166 (Hot Light Theater Shops: 160, Doughnut Factories: 6). - **International Hubs**: 52 (Hot Light Theater Shops: 41, Doughnut Factories: 11). - **Market Development Hubs**: 200 (Hot Light Theater Shops: 171, Doughnut Factories: 29). - **Sales per Hub (Trailing Four Quarters Ended March 29, 2026)**: - **U.S. Sales per Hub**: $5.1 million, up from $4.7 million in fiscal year 2025. - **International Sales per Hub**: $9.9 million, largely consistent with $9.7 million in fiscal year 2025. - **Systemwide Sales**: $485.3 million for the first quarter of fiscal 2026. #### Future Outlook and Strategy Krispy Kreme, Inc. is implementing a comprehensive turnaround plan focused on refranchising, improving return on invested capital, expanding profit margins, and driving sustainable, profitable growth. The company aims to reduce capital intensity by leveraging existing assets, focusing on franchise development, and decreasing capital investment in fiscal 2026 compared to fiscal 2025. Strategic initiatives include expanding into new international franchise markets, such as the Netherlands in late 2026, and increasing operational efficiency through optimized production, streamlined Hub activities, and improved labor productivity. ### Related Stocks - [DNUT.US](https://longbridge.com/en/quote/DNUT.US.md) ## Related News & Research - [01:58 ETHELE Investors Have Opportunity to Lead Helen of Troy Limited Securities Fraud Lawsuit](https://longbridge.com/en/news/289278569.md) - [BTGO Investors Have Opportunity to Lead BitGo Holdings, Inc. Securities Fraud Lawsuit with the Schall Law Firm](https://longbridge.com/en/news/289211757.md) - [13:52 ETLCID Investors Have Opportunity to Lead Lucid Group, Inc. 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