DNUTNasdaqRetail-Food Stores
Krispy Kreme, Inc.
Financials through Q2 FY2026, quarter ended Jun 28, 2026Last filing: 10-Q on Aug 6, 2026
$2.95−0.07 (-2.32%)
Close on Oct 19, 2026
- Market cap
- $509.11M
- P/E (TTM)
- –
- Dividend yield
- 1.19%
Margins
Share of revenue, fiscal years 2018 to 2025
Operating margin
-30.8%−31.2 pts over 5 years
Net margin
-33.9%−28.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -8.6% | -0.2% | +6.3% | – | |
| Dividend per share | 0.0% | 0.0% | – | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -57.8% | |
| Return on assets | – | – | -18.2% | |
| Current ratio | – | 0.33 | 0.38 | |
| Debt to equity | – | 1.21 | 1.50 | |
| Net debt to EBITDA | – | 9.32× | -2.82× | |
| Capex to revenue | – | 8.7% | 6.4% | |
| Diluted shares | – | 125M | 171M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Krispy Kreme generated $406.34M from operations and spent $854.00M on capital expenditure, dividends and share buybacks. 67% of that went back into the business.
Generated
$406.34M
Used
$854.00M
Capital expenditure$571.36M67%Dividends$130.80M15%Share buybacks$151.84M18%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-33.9%
×Asset turnover0.54×
×Equity multiplier3.17×
=Return on equity, FY2025-57.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -33.9% | 0.54× | 3.17× | -57.8% |
| FY2024 | 0.2% | 0.53× | 2.74× | 0.3% |
| FY2023 | -2.2% | 0.53× | 2.70× | -3.2% |
| FY2022 | -1.0% | 0.49× | 2.59× | -1.3% |
| FY2021 | -1.8% | 0.45× | 3.24× | -2.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$515.77M
- Cash generatingOperating cash flow above zero$33.92M
- Return on assets improvedROA up on the prior year0.1% → -16.8%
- Earnings backed by cashOperating cash flow above net income$33.92M vs -$515.77M
- Less leverageLong-term debt to assets fell27.5% → 35.2%
- Better liquidityCurrent ratio rose0.36 → 0.38
- No dilutionShare count did not rise172M → 171M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.51 → 0.50