• Reported GAAP EPS of -$0.16 up 20.00% YoY • Reported revenue of $367.03M down -2.17% YoY • Krispy Kreme expects full year 2026 net revenue of $1.25B to $1.35B and adjusted EBITDA of $140M to $150M, reaffirming systemwide sales growth of 2% to 4% in constant currency.
Bullish
Krispy Kreme significantly improved adjusted EBITDA by 38.0% and expanded margins in Q1 2026, reduced net leverage to 5.5x, and progressed its refranchising strategy for profitable growth.
Bearish
Krispy Kreme's net revenue declined 2.2% and global points of access decreased 15.9% in Q1 2026, primarily due to strategic door closures and the ended McDonald's USA partnership.