Financials Krispy Kreme, Inc.

Equities

DNUT

US50101L1061

Restaurants & Bars

Real-time Estimate Cboe BZX Other stock markets 03:27:21 2025-06-16 pm EDT			5-day change	1st Jan Change
2.795 ^USD	+5.87%		-6.35%	-71.80%

Jun. 11	Krispy Kreme, Inc., Q1 2025 Earnings Call, May 08, 2025
Jun. 10	Krispy Kreme Sells Remaining Stake in Insomnia Cookies	MT

Projected Income Statement: Krispy Kreme, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	1,384	1,530	1,686	1,665	1,545	1,689	1,533
Change	-	10.51%	10.21%	-1.23%	-7.2%	9.31%	-9.27%
EBITDA ¹	187.9	190.7	211.6	193.5	144.6	172.4	175.9
Change	-	1.48%	10.96%	-8.55%	-25.27%	19.23%	2.03%
EBIT ¹	41.1	28.98	13.14	-8.735	-9.197	44.09	60.43
Change	-	-29.5%	-54.63%	-166.45%	-5.29%	579.46%	37.05%
Interest Paid ¹	-43.01	-34.1	-50.34	-60.07	-70.35	-64.77	-44.5
Earnings before Tax (EBT) ¹	-4.098	-8.163	-40.99	19.77	-96.26	-52.19	16.86
Change	-	-99.19%	-402.19%	148.22%	-586.91%	45.78%	132.31%
Net income ¹	-24.51	-15.62	-37.92	3.095	-83.16	-42.75	38.78
Change	-	36.25%	-142.77%	108.16%	-2,786.9%	48.59%	190.72%
Announcement Date	2/22/22	2/15/23	2/13/24	2/25/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	-	349.2	342.8	370.6	372.5	375.2	377.5	404.6	419	408.9	407.4	450.9	442.7	438.8	379.9	404	375.2	383.2	378	401.4	398.3	419.1	413	452.7
Change	-	-	-1.83%	8.11%	0.52%	0.73%	0.61%	7.17%	3.55%	-2.4%	-0.37%	10.69%	-1.82%	-0.88%	-13.43%	6.36%	-7.14%	2.14%	-1.36%	6.17%	-0.75%	5.21%	-1.46%	9.62%
EBITDA ¹	-	52.39	41.42	47.73	48.91	47.36	38.54	55.92	54.93	48.81	43.74	64.14	58.19	54.73	34.7	45.92	23.98	37.18	34.19	49.66	36.17	45.18	42.62	57.62
Change	-	-	-20.95%	15.25%	2.46%	-3.16%	-18.62%	45.09%	-1.77%	-11.13%	-10.39%	46.64%	-9.28%	-5.95%	-36.6%	32.32%	-47.77%	55.05%	-8.05%	45.25%	-27.15%	24.88%	-5.64%	35.19%
EBIT ¹	-	9.125	1.824	16.47	17.29	7.508	-1.027	5.206	14.95	5.645	-2.113	-5.335	11.91	6.859	-16	-11.5	-20.27	-3.885	-7.012	6.974	-11.21	-	-	-
Change	-	-	-80.01%	803.12%	4.95%	-56.57%	-113.68%	606.91%	187.13%	-62.24%	-137.43%	-152.48%	323.21%	-42.4%	-333.33%	28.16%	-76.28%	80.84%	-80.51%	199.45%	-260.75%	-	-	-
Charge d'intérêts ¹	-	-14.61	-7.186	-7.394	-7.351	-7.586	-8.871	-10.29	-11.99	-12.06	-12.81	-13.48	-13.74	-14.45	-16.28	-15.6	-16.2	-17.75	-17.75	-18.25	-16.9	-16.9	-16.9	-16.9
Earnings before Tax (EBT) ¹	-	-5.073	-6.094	6.762	10.26	-0.834	-11.55	-6.041	1.961	-7.479	-15.89	-19.58	-2.401	-8.542	55.25	-24.54	-36.07	-19.13	-19.95	-3.571	-27.09	-	-	-
Change	-	-	-20.13%	210.96%	51.7%	-108.13%	-1,284.41%	47.68%	132.46%	-481.39%	-112.47%	-23.25%	87.74%	-255.77%	746.82%	-144.41%	-47%	46.96%	-4.27%	82.1%	-658.58%	-	-	-
Net income ¹	-3.061	-17.14	-5.659	1.356	4.002	-3.849	-13.06	-2.719	-0.301	0.223	-40.46	2.61	-8.534	-5.491	39.56	-22.44	-33.28	-18.14	-20.38	-11.81	-21.69	-	-	-
Change	-	-460.01%	66.99%	123.96%	195.13%	-196.18%	-239.2%	79.17%	88.93%	174.09%	-18,242.15%	106.45%	-426.97%	35.66%	820.51%	-156.73%	-48.3%	45.5%	-12.32%	42.03%	-83.6%	-	-	-
Announcement Date	6/1/21	8/17/21	11/9/21	2/22/22	5/11/22	8/17/22	11/15/22	2/15/23	5/11/23	8/10/23	11/9/23	2/13/24	5/9/24	8/8/24	11/7/24	2/25/25	5/8/25	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Krispy Kreme, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	678	744	853	872	1,327	1,024	987
Change	-	9.73%	14.65%	2.23%	52.19%	-22.83%	-3.61%
Announcement Date	2/22/22	2/15/23	2/13/24	2/25/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Krispy Kreme, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	119.5	111.7	121.4	120.8	82	57	44
Change	-	-6.51%	8.69%	-0.52%	-32.11%	-30.49%	-22.81%
Free Cash Flow (FCF) ¹	21.73	28.1	-75.88	-74.96	52	93	68
Change	-	29.34%	-370.04%	1.22%	169.37%	78.85%	-26.88%
Announcement Date	2/22/22	2/15/23	2/13/24	2/25/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Krispy Kreme, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	13.58%	12.47%	12.55%	11.62%	9.36%	10.21%	11.48%
EBIT Margin (%)	2.97%	1.89%	0.78%	-0.52%	-0.6%	2.61%	3.94%
EBT Margin (%)	-0.3%	-0.53%	-2.43%	1.19%	-6.23%	-3.09%	1.1%
Net margin (%)	-1.77%	-1.02%	-2.25%	0.19%	-5.38%	-2.53%	2.53%
FCF margin (%)	1.57%	1.84%	-4.5%	-4.5%	3.36%	5.5%	4.44%
FCF / Net Income (%)	-88.66%	-179.88%	200.09%	-2,421.97%	-62.53%	-217.55%	175.33%
Profitability
ROA	1.79%	1.58%	1.45%	0.61%	-0.53%	0.63%	2.26%
ROE	5.8%	4.09%	3.9%	1.67%	-2.91%	0.6%	2.53%
Financial Health
Leverage (Debt/EBITDA)	3.61x	3.9x	4.03x	4.51x	9.17x	5.94x	5.61x
Debt / Free cash flow	31.22x	26.47x	-11.24x	-11.63x	25.51x	11.02x	14.51x
Capital Intensity
CAPEX / Current Assets (%)	8.63%	7.3%	7.2%	7.25%	5.31%	3.37%	2.87%
CAPEX / EBITDA (%)	63.58%	58.57%	57.38%	62.42%	56.7%	33.06%	25.01%
CAPEX / FCF (%)	549.99%	397.56%	-160.02%	-161.14%	157.69%	61.29%	64.71%
Items per share
Cash flow per share ¹	0.9564	0.8349	0.2706	0.2672	0.8168	0.7622	-
Change	-	-12.71%	-67.59%	-1.26%	205.69%	-6.68%	-
Dividend per Share ¹	0.07	-	0.14	0.14	0.1274	0.3	-
Change	-	-	-	0%	-9%	135.48%	-
Book Value Per Share ¹	7.364	7.115	6.936	6.671	6.64	6.55	5.77
Change	-	-3.37%	-2.52%	-3.81%	-0.47%	-1.36%	-11.91%
EPS ¹	-0.18	-0.1	-0.23	0.02	-0.4859	-0.251	0.2229
Change	-	44.44%	-130%	108.7%	-2,529.7%	48.35%	188.8%
Nbr of stocks (in thousands)	167,251	167,437	168,594	170,000	170,800	170,800	170,800
Announcement Date	2/22/22	2/15/23	2/13/24	2/25/25	-	-	-