(DNUT) Krispy Kreme - Overview
Sector: Consumer Defensive | Industry: Grocery Stores | Exchange: NASDAQ (USA) | Market Cap: 564m USD | Total Return: 13.1% in 12m
Avg Turnover: 7.87M
Qual. Beats: 0
Rev. Trend: -70.5%
Qual. Beats: 1
Warnings
Interest Coverage Ratio -7.1 is critical
Altman Z'' -3.50 < 1.0 - financial distress zone
Volatile Below Avwap Earnings
Tailwinds
No distinct edge detected
Krispy Kreme, Inc. (DNUT) is an international producer and retailer of doughnuts, operating through a hub-and-spoke distribution model. The company utilizes Hot Light theater shops as production centers to supply a network of fresh shops, branded cabinets in grocery and convenience stores, and digital delivery channels. Rebranded in 2021, the firm manages a mix of company-owned and franchised locations across North America, Europe, and Asia-Pacific.
The company operates within the quick-service restaurant (QSR) sector, which relies heavily on high-frequency, small-ticket transactions and efficient supply chain logistics to maintain product freshness. Unlike traditional packaged goods, Krispy Kremes business model emphasizes Delivered Fresh Daily (DFD) logistics to capture premium pricing in third-party retail environments. For deeper insights into these operational metrics, consider exploring the data on ValueRay.
- McDonald’s national partnership expansion accelerates domestic points of access growth
- Omnichannel DFD model scaling improves operating margins through hub-and-spoke efficiency
- Global commodity price volatility impacts sugar and flour input cost structures
- International market expansion drives revenue diversification across high-growth emerging economies
- High debt leverage ratios heighten sensitivity to interest rate and refinancing risks
| Net Income: -510.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.00 > 0.02 and ΔFCF/TA 2.19 > 1.0 |
| NWC/Revenue: -17.11% < 20% (prev -18.24%; Δ 1.13% < -1%) |
| CFO/TA 0.03 > 3% & CFO 75.3m > Net Income -510.7m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 0.42 > 1.5 & < 3 |
| Outstanding Shares: last quarter (172.0m) vs 12m ago 1.01% < -2% |
| Gross Margin: 48.08% > 18% (prev 0.75%; Δ 4.73k% > 0.5%) |
| Asset Turnover: 55.31% > 50% (prev 51.72%; Δ 3.59% > 0%) |
| Interest Coverage Ratio: -7.10 > 6 (EBITDA TTM -328.0m / Interest Expense TTM 65.2m) |
| A: -0.11 (Total Current Assets 186.9m - Total Current Liabilities 446.0m) / Total Assets 2.39b |
| B: -0.35 (Retained Earnings -844.2m / Total Assets 2.39b) |
| C: -0.17 (EBIT TTM -463.3m / Avg Total Assets 2.74b) |
| D: -0.48 (Book Value of Equity -838.3m / Total Liabilities 1.75b) |
| Altman-Z'' = -3.50 = D |
| DSRI: 0.65 (Receivables 53.5m/86.2m, Revenue 1.51b/1.60b) |
| GMI: 1.57 (GM 48.08% / 75.41%) |
| AQI: 0.97 (AQ_t 0.62 / AQ_t-1 0.64) |
| SGI: 0.95 (Revenue 1.51b / 1.60b) |
| TATA: -0.25 (NI -510.7m - CFO 75.3m) / TA 2.39b) |
| Beneish M = -3.10 (Cap -4..+1) = AA |
As of May 27, 2026, the stock is trading at USD 3.37 with a total of 1,881,464 shares traded.
Over the past week, the price has changed by +6.65%,
over one month by -16.17%,
over three months by -11.78% and
over the past year by +13.09%.
Krispy Kreme has received a consensus analysts rating of 3.22. Therefore, it is recommended to hold DNUT.
- StrongBuy: 1
- Buy: 2
- Hold: 5
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 4.4 | 29.1% |
P/S = 0.3722
P/B = 0.8923
Revenue TTM = 1.51b USD
EBIT TTM = -463.3m USD
EBITDA TTM = -328.0m USD
Long Term Debt = 829.7m USD (from longTermDebt, last quarter)
Short Term Debt = 103.5m USD (from shortTermDebt, last quarter)
Debt = 1.32b USD (corrected: LT Debt 829.7m + ST Debt 103.5m) + Leases 386.0m
Net Debt = 1.24b USD (calculated: Debt 1.32b - CCE 74.2m)
Enterprise Value = 1.81b USD (563.7m + Debt 1.32b - CCE 74.2m)
Interest Coverage Ratio = -7.10 (Ebit TTM -463.3m / Interest Expense TTM 65.2m)
EV/FCF = -326.4x (Enterprise Value 1.81b / FCF TTM -5.54m)
FCF Yield = -0.31% (FCF TTM -5.54m / Enterprise Value 1.81b)
FCF Margin = -0.37% (FCF TTM -5.54m / Revenue TTM 1.51b)
Net Margin = -33.72% (Net Income TTM -510.7m / Revenue TTM 1.51b)
Gross Margin = 48.08% ((Revenue TTM 1.51b - Cost of Revenue TTM 786.3m) / Revenue TTM)
Gross Margin QoQ = 15.93% (prev 76.30%)
Tobins Q-Ratio = 0.76 (Enterprise Value 1.81b / Total Assets 2.39b)
Interest Expense / Debt = 4.94% (Interest Expense 65.2m / Debt 1.32b)
Taxrate = 21.0% (US default 21%)
NOPAT = -366.0m (EBIT -463.3m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.42 (Total Current Assets 186.9m / Total Current Liabilities 446.0m)
Debt / Equity = 2.09 (Debt 1.32b / totalStockholderEquity, last quarter 631.8m)
Debt / EBITDA = -3.79 (negative EBITDA) (Net Debt 1.24b / EBITDA -328.0m)
Debt / FCF = -224.6 (out of range, set to none) (Net Debt 1.24b / FCF TTM -5.54m)
Total Stockholder Equity = 663.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -18.65% (Net Income -510.7m / Total Assets 2.39b)
RoE = -33.87% (Net Income TTM -510.7m / Total Stockholder Equity 1.51b)
RoCE = -19.82% (EBIT -463.3m / Capital Employed (Equity 1.51b + L.T.Debt 829.7m))
RoIC = -17.91% (negative operating profit) (NOPAT -366.0m / Invested Capital 2.04b)
WACC = 5.88% (E(563.7m)/V(1.88b) * Re(10.50%) + D(1.32b)/V(1.88b) * Rd(4.94%) * (1-Tc(0.21)))
Discount Rate = 10.50% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 60.0 | Cagr: 0.35%
[DCF] Fair Price = unknown (Cash Flow -5.54m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.01 | # QB: 0
Revenue Correlation: -70.49 | Revenue CAGR: -3.85% | SUE: 0.90 | # QB: 1
EPS current Quarter (2026-06-30): EPS=-0.02 | Chg30d=N/A | Revisions=+20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.01 | Chg30d=N/A | Revisions=N/A | Analysts=3
EPS current Year (2026-12-31): EPS=0.02 | Chg30d=+152.36% | Revisions=+20% | GrowthEPS=+121.1% | GrowthRev=-12.4%
EPS next Year (2027-12-31): EPS=0.05 | Chg30d=N/A | Revisions=-33% | GrowthEPS=+153.5% | GrowthRev=+5.9%
[Analyst] Revisions Ratio: -33%