Added to YB: 2026-06-12
Pitch date: 2026-06-10
DNUT [neutral]
Krispy Kreme, Inc.
+8.25%
current return
Author Info
PETITION shares curated financial news, analysis and commentary with an emphasis on distressed investing, restructuring and bankruptcy. Sign up for the newsletter.
Company Info
Krispy Kreme, Inc., together with its subsidiaries, produces doughnuts in the United States, the United Kingdom, Ireland, Australia, New Zealand, Mexico, Canada, Japan, and internationally.
Market Cap
$672.3M
Pitch Price
$3.88
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.97
P/E
-1.31
EV/Sales
1.24
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Krispy Kreme: A Hole in Performance
DNUT (watchlist): Donut chain post-failed McDonald's spoke deal ($62.1mm impairment) pivoting to asset-light franchise model (50% sales via franchisees by FY27 vs 25%). Refranchised Japan ($70mm), sold western stores to WKS ($90mm), exited Insomnia ($247.4mm)—all to debt paydown. Still 5.5x levered, Q1'26 net loss $26.7mm, $74.2mm cash (+75% QoQ). Stock -8.6% YTD; market skeptical amid GLP-1s, oversaturation. One to watch.
Read full article (11 min)