Krispy Kreme, Inc. is a US-listed company in the packaged foods & meats industry. Its financial year ends in December.
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~$2.1
Forward price-to-sales vs peers
Base case. Range ~$2.1–$9.6. Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative.
No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.
Krispy Kreme, Inc. valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Current signal Results well short of expectations: Reported earnings per share missed the analysts' consensus estimate by 47% in the quarter to 2026-06-30.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Nothing in Krispy Kreme, Inc.'s latest figures clears our strength thresholds.
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Company announcements, filed results and changes that matter to shareholders.
Krispy Kreme shares rose 31.1% after higher revenue guidance and improved cash flow. Lower investment spending supported the recovery, while organic revenue remained slightly lower.
Krispy Kreme, Inc. said its board approved changes to the employment contract of chief executive Joshua Charlesworth. The annual cash target bonus opportunity rises from 100% to 150% of base salary from November 1, 2026. The annual restricted stock unit grant increases from $1,000,000 to $2,500,000 starting in 2027.
Krispy Kreme, Inc. said it issued a press release on November 5, 2026, announcing its financial results for the third quarter ended September 27, 2026. The company filed the report with the SEC, attaching the release as an exhibit. No specific financial figures were provided in the filing text.
The company also guided to systemwide sales growth of 2.00 to 4.00 for the fiscal 2026; shops opened of 100.00 for the fiscal 2026.
We value Krispy Kreme, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 7.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.59 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. | — | Does not apply: no revenue, margin or share count to start from |
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$0.5 ~$0.5–$0.8 | Left out: out of range vs price (0.13x) |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$2.1 ~$3.9–$9.6 | Included, half weight |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: revenue and margins don't support a positive value |
| Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$2.1 ~$2.1–$9.6 | 1 model |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Krispy Kreme, Inc. with Packaged Foods & Meats in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | −$0.01 | +94% | $1.3bn | −12% |
| Next | $0.05 | +840% | $1.4bn | +4% |
Next year's EPS estimate has moved −11.3% in 90 days, across 6 analysts.
The consensus EPS forecast for the current fiscal year is −13.8% on 90 days ago. In the last 30 days, 0 analysts raised Krispy Kreme, Inc.'s forecast and 3 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | −$0.01 | $0.05 |
| 60 days ago | −$0.00 | $0.07 |
| 30 days ago | −$0.01 | $0.05 |
| 7 days ago | −$0.01 | $0.05 |
| Now | −$0.01 | $0.05 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | −$0.02 | −$0.03 | −47.0% |
| Mar 2026 | −$0.02 | −$0.05 | −136.2% |
| Dec 2025 | $0.04 | $0.09 | +146.0% |
| Sept 2025 | −$0.05 | $0.01 | +119.0% |
Adjusted EPS as companies report it, against the average analyst estimate.
| Calendar year | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|
| Return | |||||
| DNUT | −45% | +48% | −33% | −59% | −16% |
| Industry peers (median) | −3% | −5% | −2% | −16% | −15% |
| S&P 500 | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | |||||
| DNUT | 33% | 58% | 33% | 33% | 55% |
| S&P 500 | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | |||||
| DNUT | −45% | −27% | −47% | −74% | −36% |
| S&P 500 | −25% | −10% | −8% | −19% | −9% |
Worst fall since July 1, 2021: 87% from July 1, 2021 to June 25, 2025. Getting back needed a 680% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| August 6, 2026 | +7.7% | +0.5% | +5.8% | +9.0% |
| May 7, 2026 | −2.2% | +0.5% | −11.7% | +0.5% |
| February 26, 2026 | +25.4% | −1.0% | +21.1% | +8.0% |
| November 6, 2025 | +10.3% | −1.0% | +4.0% | +15.1% |
| August 7, 2025 | −9.9% | +0.7% | +2.3% | −7.9% |
| May 8, 2025 | −37.0% | +0.6% | −25.9% | −30.9% |
| February 25, 2025 | −34.7% | −0.4% | −33.8% | −40.6% |
| November 7, 2024 | −8.0% | +1.2% | −10.8% | −18.4% |
| August 8, 2024 | +15.0% | +2.8% | +18.8% | +24.7% |
| May 9, 2024 | +2.4% | +0.7% | −6.2% | −10.9% |
| February 13, 2024 | −7.2% | −0.5% | −3.7% | −14.2% |
| November 9, 2023 | −4.6% | +0.8% | −2.5% | −1.5% |
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| United States | $913M | 60.0% | ▼ 13.8% |
| International | $535M | 35.1% | ▲ 3.1% |
| Market Development | $74.5M | 4.9% | ▼ 14.9% |
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Products | $1.5B | 96.8% | ▼ 8.7% |
| Finished Product In Shops (part of Products) | $1.4B | 97.2% | ▼ 8.2% |
| Royalty (part of Products) | $36.5M | 2.5% | ▼ 3.0% |
| Mix and Equipment Revenue From Franchisees | $40.9M | 2.7% | ▼ 23.3% |
| Shipping and Handling | $4.4M | 0.3% | ▼ 57.7% |
| Advertising | $3.4M | 0.2% | ▼ 24.4% |
| Region | Revenue | Share | YoY |
|---|---|---|---|
| United States | $938M | 61.6% | ▼ 14.1% |
| All Other | $182M | 12.0% | ▲ 10.3% |
| United Kingdom | $159M | 10.5% | ▲ 0.6% |
| Mexico | $125M | 8.2% | ▼ 1.6% |
| Australia New Zealand | $118M | 7.7% | ▼ 4.0% |
From Krispy Kreme, Inc.'s 10-K filed March 6, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| BNP Paribas Financial Markets | $54.1M | 15.3M | 18.6% | ▼ 0.1% |
| HSBC Holdings PLC | $25M | 7.1M | 8.6% | ▼ 0.1% |
| Credit Agricole S A | $24.3M | 6.9M | 8.4% | New |
| Blackrock, Inc. | $23.4M | 6.6M | 8.1% | ▲ 7.3% |
| Vanguard Capital Management LLC | $13.7M | 3.9M | 4.7% | ▲ 5.8% |
| Two Sigma Investments, LP | $11.7M | 3.3M | 4.1% | ▲ 77.7% |
| Federated Hermes, Inc. | $11.5M | 3.3M | 4.0% | ▼ 1.0% |
| Dimensional Fund Advisors LP | $8.3M | 2.4M | 2.9% | ▼ 31.0% |
| Geode Capital Management, LLC | $8.2M | 2.3M | 2.8% | ▲ 10.3% |
| SG Americas Securities, LLC | $8.2M | 2.3M | 2.8% | ▲ 249.0% |
| State Street Corp | $7.1M | 2.0M | 2.5% | ▲ 5.0% |
| Jane Street Group, LLC | $7M | 2.0M | 2.4% | ▲ 13.3% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Krispy Kreme, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Hees Bernardo Director | June 5, 2026 | Buy | 25,002 | $3.49 | $87,257 |
| Hees Bernardo Director | June 4, 2026 | Buy | 150,000 | $3.29 | $493,500 |
| Hees Bernardo Director | June 3, 2026 | Buy | 170,596 | $3.35 | $571,497 |
| Hees Bernardo Director | June 2, 2026 | Buy | 235,875 | $3.39 | $799,616 |
| Hees Bernardo Director | June 1, 2026 | Buy | 73,640 | $3.44 | $253,322 |
| Hees Bernardo Director | May 28, 2026 | Buy | 200,989 | $3.42 | $687,382 |
| Hees Bernardo Director | May 27, 2026 | Buy | 22,114 | $3.38 | $74,745 |
| Hees Bernardo Director | May 26, 2026 | Buy | 1,974 | $3.30 | $6,514 |
| Esposito Joseph J Chief Accounting Officer | November 11, 2025 | Sell | 2,641 | $4.28 | $11,303 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
In the last 12 months, 1 member of Congress disclosed 1 purchase and 1 sale of Krispy Kreme, Inc. shares.
Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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