Krispy Kreme reported second quarter 2026 net revenue of $331.0 million, a 12.8% decrease reflecting the planned re-franchising of Japan and the Western U.S. markets. Adjusted EBITDA grew 43.2% year over year to $28.8 million, with adjusted EBITDA margin expanding 340 basis points to 8.7% due to operational efficiencies and the exit of the McDonald's USA partnership. System-wide sales increased 2.6% to $497.3 million when excluding the impact of the concluded McDonald's USA partnership, and net leverage ratio improved 1.3 turns to 5.4x from 6.7x at the end of 2025. The company maintained its full-year guidance, including net revenue of $1.25 billion to $1.35 billion and adjusted EBITDA of $140 million to $150 million, while highlighting progress on its capital-light franchise model and U.S. logistics optimization.
Krispy Kreme IncAdjusted EBITDA grew 43.2% and margin expanded 340 bps, with improved leverage and maintained guidance.
