Krispy Kreme, Inc. · NASDAQ:DNUT
Krispy Kreme — Q1 2026 Earnings Presentation
12 slides from Krispy Kreme's earnings presentation, May 7, 2026
Slide 1: First Quarter 2026 Earnings Presentation
Krispy Kreme, Inc. FIRST QUARTER 2026 EARNINGS PRESENTATION MAY 7, 2026 Krispy Kreme | 1Q26 Earnings 1
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements Certain statements made in this presentation and on the conference call that this presentation accompanies are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be
Slide 3: Our Turnaround Plan: Deleverage the Balance Sheet and Drive Sustainable, Profitable Growth
Our Turnaround Plan: Deleverage the Balance Sheet and Drive Sustainable, Profitable Growth Refranchise Drive ROIC Improve financial flexibility through Reduce capital intensity by using refranchising international markets and existing assets and focusing on the joint venture in the Western U.S. fran
Slide 4: First Quarter Highlights
First Quarter Highlights “The first quarter highlighted significant progress across every pillar of our turnaround plan. We reduced net NET REVENUE: leverage, increased adjusted EBITDA margin by 260 basis $367 MILLION points, and delivered positive free cash flow. We also closed two refranchising tr
Slide 5: Significant Progress in Adjusted EBITDA and Free Cash Flow
Significant Progress in Adjusted EBITDA and Free Cash Flow ADJUSTED EBITDA 1 FREE CASH FLOW 1 Q1 $33M 2025 $24M Q1 2026 $11M $(47M) 1) Non-GAAP figures. See the appendix to this presentation for more information Krispy Kreme | 1Q26 Earnings and a reconciliation to the most directly comparable GAAP m
Slide 6: Deleveraging the Balance Sheet and Driving Sustainable, Profitable Growth: Q1 2026 Progress
Deleveraging the Balance Sheet and Driving Q1 2026 Sustainable, Profitable Growth Progress 2026 Goals Shared Q4 2025 Q1 2026 Progress Target 2-3 international refranchising 1 deals → Completed refranchising of Japan Complete refranchising of joint Completed refranchising of joint 2 venture in the We
Slide 7: 2026 Outlook
2026 Outlook New New $1.25- +2-4% 100+ $140- $1.35B SYSTEMWIDE SALES GROWTH SHOP OPENINGS, NEARLY ALL $150M NET REVENUE YEAR-OVER-YEAR FRANCHISED ADJUSTED EBITDA1 Updated Updated MORE THAN $50-$60M NET LEVERAGE $15M RATIO 1 BELOW CAPITAL EXPENDITURES FREE CASH FLOW 1 5.5x 1) Non-GAAP figures. See sl
Slide 8: Madrid, Spain / São Paulo, Brazil
Madrid, Spain São Paulo, Brazil Krispy Kreme | 1Q26 Earnings 8
Slide 9: Appendix
Appendix
Slide 10: Adjusted EBITDA
ADJUSTED EBITDA We define “Adjusted EBITDA” as earnings before interest expense, net, income tax expense, and depreciation and amortization, with further adjustments for share-based compensation, certain strategic initiatives, acquisition and integration expenses, and certain other non-recurring, in
Slide 11: Free Cash Flow
FREE CASH FLOW We define “Free Cash Flow” as cash provided by operating activities less purchases of property and equipment. Krispy Kreme | 1Q26 Earnings 11
Slide 12: Krispy Kreme | 1Q26 Earnings
Krispy Kreme | 1Q26 Earnings 12