Krispy Kreme, Inc. reported a total revenue of $1.52 billion for the fiscal year ending December 28, 2025, a decline of 8.6% compared to $1.67 billion in the previous fiscal year. The decrease was primarily attributed to a $138.5 million reduction from the divestiture of a controlling interest in Insomnia Cookies and a 1.3% organic revenue decline driven by lower transaction volumes amid challenging macroeconomic conditions. The company's net loss for the year was $523.8 million, significantly worsening from a net income of $3.8 million in fiscal 2024, largely due to a $432.4 million impairment charge related to goodwill and other assets.
In terms of operational changes, Krispy Kreme implemented a turnaround plan focused on refranchising certain international markets and restructuring its operations to enhance financial flexibility. The company aims to reduce capital expenditures, which fell by 18.9% from $120.8 million in fiscal 2024 to $97.9 million in fiscal 2025. The company also strategically closed approximately 1,400 underperforming fresh delivery doors, including those associated with the terminated Business Relationship Agreement with McDonald’s USA, which contributed to a 13.5% decline in Global Points of Access, totaling 15,194 as of the end of fiscal 2025.
Krispy Kreme's digital sales channel showed growth, reflecting the company's efforts to enhance its digital capabilities and streamline the ordering process. The company reported that its digital channel is the fastest-growing segment in the U.S., supported by new third-party platform integrations and strategic partnerships. The company also expanded its international presence, adding new shops in countries such as Brazil, Canada, and France, while continuing to focus on profitable growth through its capital-light franchise model.
Looking ahead, Krispy Kreme plans to open at least 100 new shops globally in fiscal 2026 and expects to enter three new countries each year. The company anticipates that refranchising efforts will lead to nearly 50% of systemwide sales being generated by franchisees by fiscal 2027. Despite the challenges faced in fiscal 2025, including the impact of the 2024 Cybersecurity Incident, the company remains committed to driving sustainable, profitable growth through its omni-channel strategy and operational efficiencies.
About Krispy Kreme, Inc.
Krispy Kreme, Inc. is a global leader in the production and sale of premium doughnuts and related treats. Its core business includes manufacturing, retail shops, and digital channels, offering iconic products like Original Glazed doughnuts. The company operates through an omni-channel model, leveraging its brand, innovation, and international franchise network to deliver fresh, high-quality products across multiple markets and channels.
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