Krispy Kreme Reports First Quarter 2025 Financial Results

About this update from Krispy Kreme, Inc.

[{"type":"text","content":"\nFirst quarter Net Revenue of $375.2 million, Organic Revenue decreases 1.0%\n\n CHARLOTTE, N.C.--(BUSINESS WIRE)--\nKrispy Kreme, Inc. (NASDAQ: DNUT) (“Krispy Kreme”, “KKI”, or the “Company”) today reported financial results for the quarter ended March 30, 2025.\n\nFirst Quarter Highlights (vs Q1 2024)\n\n\nNet revenue of $375.2 million\n\n\nOrganic revenue declined 1.0% to $374.7 million\n\n\nGAAP net loss of $33.4 million\n\n\nAdjusted EBITDA of $24.0 million\n\n\nGAAP cash used for operating activities of $20.8 million\n\n\nGlobal Points of Access (“POA”) increased 3,168, or 21.4%, to 17,982\n\n\nIn the first quarter, Krispy Kreme spotlighted its most popular and most affordable Original Glazed doughnut to increasingly value-conscious consumers while also delivering buzzworthy Valentine’s and St. Patrick’s Day offerings. The Company continued to grow Delivered Fresh Daily and prepared for the early second quarter launch of outsourced U.S. logistics.\n\n“Our ability to become a bigger Krispy Kreme requires that we become better, and we are taking swift and decisive action to pay down debt, de-leverage the balance sheet and drive sustainable, profitable growth,” said Krispy Kreme CEO, Josh Charlesworth. “While we expect the macro environment to remain challenging, we are focused on positive cash flow, higher returns on capital, and our two biggest opportunities: profitable U.S. expansion and capital-light international franchise growth.”\n\n\n\nFinancial Highlights\n\n\n\n \n\n\n\nQuarter Ended\n\n\n\n\n\n$ in millions, except per share data\n\n\n\n \n\n\n\nMarch 30, 2025\n\n\n\n \n\n\n\nMarch 31, 2024\n\n\n\n \n\n\n\nChange\n\n\n\n\n\nGAAP:\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nNet revenue\n\n\n\n \n\n\n\n$\n\n\n\n375.2\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n442.7\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n(15.3)%\n\n\n\n\n\nOperating (loss)/income\n\n\n\n \n\n\n\n$\n\n\n\n(20.3\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n11.9\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n(270.2)%\n\n\n\n\n\nOperating (loss)/income margin\n\n\n\n \n\n\n\n \n\n\n\n(5.4\n\n\n\n)%\n\n\n\n \n\n\n\n \n\n\n\n2.7\n\n\n\n%\n\n\n\n \n\n\n\n(810) bps\n\n\n\n\n\nNet loss\n\n\n\n \n\n\n\n$\n\n\n\n(33.4\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(6.7\n\n\n\n)\n\n\n\n \n\n\n\n \n\n\n\n(401.4)%\n\n\n\n\n\nNet loss attributable to KKI\n\n\n\n \n\n\n\n$\n\n\n\n(33.3\n\n\n\n)\...

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