Company Analysis

Krispy Kreme, Inc. (DNUT)

Nasdaq: DNUT · Retail-Food Stores · Charlotte, NC · filing with the SEC since 2021
Grade4.4
◀ Past 6.1● Present 3.8▶ Future 4.0

The grade of Krispy Kreme, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.4/10
◀ Past6.125% of the headline
● Present3.845% of the headline
▶ Future4.030% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

6.1/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.5/10

Has it survived what it has been through?

2 warning events since 2021; the latest 2024-12-11.

weight 45% of this tense · 75th percentile among 2 sector filers · read for itself

From the record

Krispy Kreme, Inc.'s filings since 2021 show 2 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2022-07-06); a material cybersecurity incident (8-K item 1.05, the latest 2024-12-11) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.0/10

What has it actually done, year after year?

+8% a year over 7 filed years; profitable in 1 of 7.

weight 33% of this tense · 50th percentile among 2 sector filers · read for its customers

From the record

Krispy Kreme, Inc.'s 7 filed years say what it did: revenue went from $959 million in fiscal 2019 to $1.5 billion in fiscal 2025, up 8% a year; it rose in 4 of 6 years; the deepest fall was 10% from fiscal 2023 to fiscal 2025; net income was positive in 1 of 7 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span8.0%bottom 25% of its family
  • the share of years revenue rosetop 25% of its family
  • the share of filed years with a profitbottom 25% of its family
  • the deepest fall from a revenue peak9.7%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
5.0/10

How has it treated the people who own it?

Share count grew 0.7% a year. 54% of cash flow returned. Insiders: 1 sales, 8 purchases.

weight 22% of this tense · 50th percentile among 2 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-28, Krispy Kreme, Inc.'s diluted share count grew about 0.7% a year, and dividends and buybacks returned about 54% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 1 sale and 8 purchases of their own stock on the open market in the year to 2026-09-30, buying about $3 million (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 25% of its family
  • cash returned against operating cash flowtop 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

3.8/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
4.2/10

Is it financially healthy right now?

ROE -79%: lost 79¢ per shareholder dollar. Leverage 75%: owes 75¢ per asset dollar.

weight 45% of this tense · 42nd percentile among 2 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-28, Krispy Kreme, Inc. lost about 79 cents for every dollar of shareholders' money. Leverage: it owed about 75 cents per dollar of assets, and net share issuance: its share count shrank 0.3% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 25% of its family
  • return on equitybottom 25% of its family
  • the share count against the year beforebottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.2/10

How strong is its position in its industry?

bottom 42% of 2 in its family; net margin -33.9%.

weight 33% of this tense · 42nd percentile among 2 sector filers · read for its customers

From the record

Krispy Kreme, Inc.'s standing among 2 graded names in its industry family: revenue of $1.5 billion in fiscal 2025 ranks in the bottom 25% by size; a net margin of -33.9% ranks in the bottom 25%; revenue growth of -0.2% a year over the last 3 filed years ranks in the top 25% (its annual reports).

What it rests on

  • revenue against the family$1.52Bbottom 25% of its family
  • net margin-33.9%bottom 25% of its family
  • three-year revenue growth-0.2%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
2.5/10

What are the people in charge doing?

bottom 25% of 2 in its family for leadership; chief executive since 2024.

weight 22% of this tense · 25th percentile among 2 sector filers · read for its shareholders

From the record

Krispy Kreme, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Charlesworth, Josh (President & CEO, as filed), filing under that title since 2024-04-12, 2.6 years (bottom 25% of its family); the 17 officers and directors filing in the last fifteen months have been on the record a median of 1.7 years (bottom 25%); 13 officer or director changes were reported on Form 8-K since 2023-11-13, against the 17 people in charge now (bottom 25%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge13 in three years among 17 peoplebottom 25% of its family
  • the median years the people in charge have filed1.7 yearsbottom 25% of its family
  • the chief executive's years on the record2.6 yearsbottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.0/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
2.5/10

How much room does it have to grow?

bottom 25% of 2 in its family for room to expand.

weight 22% of this tense · 25th percentile among 2 sector filers · read for itself

From the record

Krispy Kreme, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $43 million against debt of $912 million leaves -33.5% of its assets as net cash, bottom 25% of its family; cash from operations less capital spending is -4.2% of revenue (bottom 25%) (its annual report).

What it rests on

  • cash less debt against assets-33.5%bottom 25% of its family
  • cash from operations less capital spending against revenue-4.2%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.8/10

What could actually drive growth from here?

top 42% of 2 in its family for growth drivers.

weight 45% of this tense · 58th percentile among 2 sector filers · read for its customers

From the record

Krispy Kreme, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -0.2% a year over the last three filed years against 8% over all 7, slowing (top 25% of its family); the newest year grew -8.6% (top 25%); capital spending grew -4.3% a year (bottom 25%) (its annual reports). Krispy Kreme, Inc. reported 5 product lines in fiscal 2025: Finished Product in Shops at $1.4 billion (94%), Mix and Equipment Revenue From Franchisees at $41 million (3%), Royalty at $36 million (2%), and 2 more; 0 of 5 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-8.2 points a yeartop 25% of its family
  • the newest year's revenue growth-8.6%top 25% of its family
  • three-year growth of capital spending-4.3%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
2.5/10

Did its newest year beat what its own record pointed to?

bottom 25% of 2 in its family for expectations against reality.

weight 33% of this tense · 25th percentile among 2 sector filers · read for its shareholders

From the record

Krispy Kreme, Inc.'s newest year against its own record: revenue of $1.5 billion in fiscal 2025 came in 12.4% below the $1.7 billion its prior three years' pace pointed to (bottom 25% of its family); net income of $516 million against a prior three-year average of $17 million (bottom 25%); a net margin of -33.9% against -1% before (bottom 25%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-12.4%bottom 25% of its family
  • net income against the prior three years' averagefive times below its prior average or morebottom 25% of its family
  • net margin against its prior average-32.8 pointsbottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton DNUT · research, not advice