Krispy Kreme, Inc. (DNUT) Stock Price & Analysis
Krispy Kreme, Inc. (DNUT) closed at USD 2.95 on Thursday, October 22, 2026, up 2.43% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 2.88; the Oct 22, 2026 session ranged USD 2.86–2.96 on volume of 3,483,639 shares. Market capitalization is $511.83M, with a 52-week range of USD 2.83–4.75 (NMS). Source: Nexqual, retrieved October 23, 2026 at 11:15 UTC.
Also available as compact Markdown for AI agents: nexqual.com/DNUT.md
Key facts (DNUT)
- Last four reported quarters (through Jun 28, 2026): revenue $1.47B, net income -$90.3M (-6.2% margin), free cash flow $37.3M (SEC filings).
- Analysts: Hold (mean 3.14 on a 1–5 scale) (7 analysts), mean target USD 4.08 (range 3–5).
- Total return with dividends: 1Y -28.2% vs S&P 500 +14.9%; 5Y -76.1% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.01, revenue estimate $306M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (DNUT)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.38B | $1.53B | $1.69B | $1.67B | $1.52B | $1.47B |
| Operating income | $41.1M | $29.0M | $13.1M | -$8.7M | -$469M | -$29.1M |
| Net income | -$24.5M | -$15.6M | -$37.9M | $3.1M | -$516M | -$90.3M |
| EPS (diluted) | -$0.18 | -$0.10 | -$0.23 | $0.02 | -$3.04 | — |
| Free cash flow | $21.7M | $28.1M | -$75.9M | -$75.0M | -$64.0M | $37.3M |
| Operating margin | 3.0% | 1.9% | 0.8% | -0.5% | -30.8% | -2.0% |
| Net margin | -1.8% | -1.0% | -2.2% | 0.2% | -33.9% | -6.2% |
| Revenue growth | +23.4% | +10.5% | +10.2% | -1.2% | -8.6% | — |
| Cash + short-term investments | $38.6M | $35.4M | $38.2M | $29.0M | $42.4M | — |
| Total debt | $717M | $779M | $891M | $901M | $978M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 28, 2026) (DNUT)
P/S 0.3x · EV/EBITDA 13.9x · EV/Sales 0.9x · P/FCF 13.7x · P/B 0.8x · FCF yield 7.30% · Earnings yield -17.65% · Dividend yield (paid, TTM) 0.00% · Buyback yield (TTM) 0.21% · Net debt $843M · EV $1.36B
P/E at fiscal year-ends: Dec 2024 550.2x.
Analysts (DNUT)
Consensus Hold (mean 3.14 on a 1–5 scale), 7 analysts; mean target USD 4.08 (low 3, high 5).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-07 | Evercore ISI Group | Target lowered | In-Line | $4.5 → $4 |
Total return (dividends reinvested) (DNUT)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -28.2% | -76.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -28.3% | -24.9% |
| Volatility (annualized) | 57.7% | 57.5% |
| Max drawdown | -38.9% (Dec 2025→Sep 2026) | -85.4% (Dec 2021→Jun 2025) |
DNUT revenue by business segment (quarter ended Jun 28, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| U.S. | $172.7M | 52.2% | -25.0% |
| International | $117.3M | 35.5% | -11.6% |
| Market Development | $41.0M | 12.4% | +142.3% |
| Total revenue | $331.0M | 100% | — |
DNUT revenue by product line (quarter ended Jun 28, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Product sales | $315.7M | 95.4% | -15.0% |
| — Company Shops and Fresh Delivery (part of Product sales) | $289.4M | 87.4% | -20.1% |
| — Mix and equipment revenue from franchisees (part of Product sales) | $26.2M | 7.9% | +185.8% |
| Royalties and other revenues | $15.3M | 4.6% | +82.6% |
| Total revenue | $331.0M | 100% | — |
DNUT revenue by region (fiscal year ended Dec 28, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $937.7M | 61.6% | -14.1% |
| All Other | $182.4M | 12.0% | +10.3% |
| United Kingdom | $159.5M | 10.5% | +0.6% |
| Mexico | $125.2M | 8.2% | -1.6% |
| Australia New Zealand | $117.9M | 7.7% | -4.0% |
| Total revenue | $1.52B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
DNUT suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | McDonald's (MCD) | “During fiscal 2025, we recorded $39.4 million non-cash long-lived asset impairment charges and $37.0 million non-cash lease impairment and termination costs in response to management's updated forecasts and the termination of our Business Relationship Agreement with McDonald's USA, LLC ("McDonald's USA").” |
| Partner | USA | “During fiscal 2025, we recorded $39.4 million non-cash long-lived asset impairment charges and $37.0 million non-cash lease impairment and termination costs in response to management's updated forecasts and the termination of our Business Relationship Agreement with McDonald's USA, LLC ("McDonald's USA").” |
| Partner | BakeMark USA | “We have established an exclusive distribution partnership with BakeMark USA LLC ("BakeMark"), which grants the exclusive rights to BakeMark to distribute ingredients, packaging, and supplies to both Company-owned and franchise shops in all regions of the U.S. other than New York City, and Canada.” |
Quoted from the company's 10-K filed Mar 6, 2026.
DNUT analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.01 | $0.01 | +11.4% | $305.7M | 5 |
| Next quarter (ends Dec 2026) | $0.06 | $0.04 | +30.6% | $340.1M | 5 |
| Current fiscal year (ends Dec 2026) | $-0.01 | $0.02 | -141.1% | $1.33B | 4 |
| Next fiscal year (ends Dec 2027) | $0.05 | $0.05 | -8.1% | $1.40B | 6 |
DNUT options: expected move
Options price a move of about ±14.4% (±$0.43) by Nov 6, 2026, which includes earnings on Nov 5, 2026; the earnings reaction alone is priced at about ±11.9%. Over the last 8 reports the stock moved ±16.9% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 47.7% | ±6.6% |
| Nov 6, 2026 | 14 | 87.8% | ±14.4% |
| Nov 20, 2026 | 28 | 70.8% | ±16.1% |
| Dec 18, 2026 | 56 | 72.3% | ±22.9% |
| Jan 15, 2027 | 84 | 68.4% | ±26.3% |
| Feb 19, 2027 | 119 | 76.7% | ±34.7% |
| Mar 19, 2027 | 147 | 74.3% | ±37.3% |
| May 21, 2027 | 210 | 72.4% | ±43.2% |
30-day implied volatility 70.6% vs 30.9% realized over the last 30 trading days. Put/call ratio (volume) 0.96. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 11:15 UTC)
| Price | USD 2.95 |
|---|---|
| Change | ▲ 2.43% (up) |
| Previous Close | USD 2.88 |
| Open | USD 2.87 |
| Day Range | USD 2.86 – 2.96 |
| 52-Week Range | USD 2.83 – 4.75 |
| Volume | 3,483,639 shares |
| Market Cap | $511.83M |
| Exchange | NMS |
Technical Analysis (DNUT)
Nexqual's technical model rates DNUT "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 11:15 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 41.8 (neutral) |
| vs SMA50 | Below (USD 3.16) |
| MACD | -0.04 (negative) |
Analyst Ratings (DNUT)
Wall Street analysts rate DNUT "Hold" based on 7 analysts, with a mean price target of USD 4.08 (range USD 3–5), per Nexqual as of October 23, 2026 at 11:15 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 7 |
| Mean Target | USD 4.08 |
| High Target | USD 5 |
| Low Target | USD 3 |
| Buy / Hold / Sell | 2 / 3 / 2 |
Earnings (DNUT)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.01 |
| Revenue Estimate | $305.67M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.03 vs est -0.02 ▼ miss |
| 2026-03-31 | USD -0.05 vs est -0.02 ▼ miss |
| 2025-12-31 | USD 0.09 vs est 0.04 ▲ beat |
| 2025-09-30 | USD 0.01 vs est -0.05 ▲ beat |
Source: Nexqual, October 23, 2026 at 11:15 UTC.
Financials & Fundamentals (DNUT)
| Total Revenue | $1.47B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -12.80% |
| Gross Margin | +24.95% |
| Operating Margin | -2.04% |
| Profit Margin | -6.16% |
| ROE | -13.72% |
| Debt / Equity | 2.04 |
| Current Ratio | 0.36 |
| Total Cash | $21.82M |
| Total Debt | $1.26B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $37.34M (2.5% of revenue) |
Source: Nexqual, October 23, 2026 at 11:15 UTC.
Financial Health Score (DNUT)
Nexqual rates Krispy Kreme, Inc.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 11:15 UTC.
| Growth | Weak — Revenue -9% YoY (annual), declining |
|---|---|
| Profitability | Weak — Gross margin 25%, operating -2% (last 12 months) |
| Balance Sheet | Critical — $22M cash and investments vs $865M debt (Jun 2026, SEC) |
| Cash Flow | Mixed — FCF $37M (last 4 quarters to Jun 2026, SEC), slim 2.5% margin |
| Efficiency | Critical — ROE -14%, ROA -0.6% |
Ownership (DNUT)
| Insider Ownership | +45.52% |
|---|---|
| Institutional Ownership | +47.73% |
| Shares Outstanding | 173.50M |
| Float | 91.60M |
| Short % of Float | +20.93% |
Source: Nexqual, October 23, 2026 at 11:15 UTC.
Leadership (DNUT)
Krispy Kreme, Inc. is led by Joshua Charlesworth, President, CEO & Director, per Nexqual as of October 23, 2026 at 11:15 UTC.
| President, CEO & Director | Joshua Charlesworth |
|---|---|
| Chief Financial Officer | Raphael Duvivier |
| Chief Operating Officer | Nicola J. Steele |
| Vice President of Investor Relations | Steve Wayne West |
| Vice President of Global Corporate Communications | Eloise Hale |
Major Backers & Investors (DNUT)
Notable institutional backers of Krispy Kreme, Inc. include BNP Paribas Financial Markets, Credit Agricole S.A., Two Sigma Investments, LP, according to Nexqual as of October 23, 2026 at 11:15 UTC.
Active Investors
| Investor | Stake |
|---|---|
| BNP Paribas Financial Markets | 8.89% |
| Credit Agricole S.A. | 4% |
| Two Sigma Investments, LP | 1.93% |
| Federated Hermes, Inc. | 1.9% |
| SG Americas Securities, LLC | 1.35% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| HSBC Holdings PLC | 4.1% |
| BlackRock | 3.84% |
| Vanguard Group | 2.26% |
| Dimensional Fund Advisors | 1.37% |
| Geode Capital | 1.35% |
Source: Nexqual, October 23, 2026 at 11:15 UTC.
From Krispy Kreme, Inc.'s Latest SEC 10-K Filing (filed 2026-03-06)
Key Strengths & Strategy (as disclosed to the SEC)
- Our high-quality doughnuts are made from our own proprietary formulations and using our proprietary doughnut-making equipment.
- Our doughnuts are made from our proprietary doughnut mix and glaze flavorings using our unique process and proprietary doughnut-making equipment.
- The principal ingredients to manufacture our products include flour, shortening, and sugar which are used to formulate our proprietary doughnut mix and concentrate at our Winston-Salem, North Carolina manufacturing facility.
- At an additional facility in Winston-Salem, we manufacture our proprietary doughnut-making equipment for shipment to new shops and Doughnut Factories around the world.
Partnerships
- We vary delivery frequency schedules for certain locations in partnership with our customers to continuously optimize our fresh delivery network.
Legal & Regulatory Risks (Item 1A, quoted)
- We may be subject to litigation that could adversely affect us by increasing our expenses, diverting management attention, or subjecting us to significant monetary damages and other remedies.
- Our business may be adversely affected by litigation, regulation and publicity concerning food or occupational safety, quality, health, and other issues, which could negatively affect public policy and consumer preferences toward our products.
- We are subject to franchise laws and regulations that govern our status as a franchisor and regulate some aspects of our franchise relationships. Our ability to develop new franchised shops and to enforce contractual rights against franchisees may be adversely affected by these laws and regulations, which could cause our franchise revenues to decline.
- Changes in tax laws and regulations could have a material impact to our tax expense or cash tax obligations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| DDL | Dingdong (Cayman) Limited | USD 1.99 | ▼ 2.45% |
| VLGEA | Village Super Market, Inc. | USD 45.62 | ▲ 5.12% |
| NGVC | Natural Grocers by Vitamin Cott | USD 32.37 | ▲ 7.65% |
| YSWY | Yesway, Inc. | USD 24.51 | ▲ 5.35% |
| GO | Grocery Outlet Holding Corp. | USD 13.9 | ▲ 5.7% |
| IMKTA | Ingles Markets, Incorporated | USD 88.75 | ▲ 4.24% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 11:15 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt