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Krispy Kreme (DNUT) Financials

Krispy Kreme logo
$3.26 +0.04 (+1.24%)
Closing price 04:00 PM Eastern
Extended Trading
$3.26 +0.01 (+0.15%)
As of 07:58 PM Eastern
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Annual Income Statements for Krispy Kreme

Annual Income Statements for Krispy Kreme

This table shows Krispy Kreme's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 1/1/2023 12/31/2023 12/29/2024
Net Income / (Loss) Attributable to Common Shareholders
-16 -38 3.10
Consolidated Net Income / (Loss)
-8.78 -37 3.82
Net Income / (Loss) Continuing Operations
-8.78 -37 3.82
Total Pre-Tax Income
-8.16 -41 20
Total Operating Income
29 13 -8.74
Total Gross Profit
1,530 1,686 1,665
Total Revenue
1,530 1,686 1,665
Total Cost of Revenue
0.00 0.00 0.00
Total Operating Expenses
1,501 1,673 1,674
Selling, General & Admin Expense
927 1,043 1,084
Marketing Expense
449 489 457
Depreciation Expense
110 126 134
Other Operating Expenses / (Income)
10 10 -3.97
Other Special Charges / (Income)
4.23 4.12 3.41
Total Other Income / (Expense), net
-37 -54 29
Interest Expense
34 50 60
Other Income / (Expense), net
-3.04 -3.80 89
Income Tax Expense
0.61 -4.35 16
Net Income / (Loss) Attributable to Noncontrolling Interest
6.85 1.28 0.72
Basic Earnings per Share
($0.10) ($0.23) $0.02
Weighted Average Basic Shares Outstanding
167.47M 168.29M 169.34M
Diluted Earnings per Share
($0.10) ($0.23) $0.02
Weighted Average Diluted Shares Outstanding
167.47M 168.29M 171.50M
Weighted Average Basic & Diluted Shares Outstanding
168.10M 168.70M 170.30M
Cash Dividends to Common per Share
$0.04 $0.04 $0.04

Quarterly Income Statements for Krispy Kreme

This table shows Krispy Kreme's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 10/2/2022 1/1/2023 4/2/2023 7/2/2023 10/1/2023 12/31/2023 3/31/2024 6/30/2024 9/29/2024 12/29/2024
Net Income / (Loss) Attributable to Common Shareholders
-13 -2.72 -0.30 0.22 -40 2.61 -8.53 -5.49 40 -22
Consolidated Net Income / (Loss)
-12 -0.99 1.64 0.08 -40 1.88 -6.66 -4.93 38 -22
Net Income / (Loss) Continuing Operations
-12 -0.99 1.64 0.08 -40 1.88 -6.66 -4.93 38 -22
Total Pre-Tax Income
-12 -6.04 1.96 -7.48 -16 -20 -2.40 -8.54 55 -25
Total Operating Income
-1.03 5.21 15 5.65 -2.11 -5.34 12 6.86 -16 -11
Total Gross Profit
378 501 419 409 407 451 443 439 380 404
Total Revenue
378 405 419 409 407 451 443 439 380 404
Total Operating Expenses
379 496 404 403 409 456 431 432 396 416
Selling, General & Admin Expense
232 247 253 252 264 275 277 277 263 267
Marketing Expense
114 213 128 121 114 127 119 120 107 111
Depreciation Expense
28 26 28 29 32 37 34 35 31 34
Other Operating Expenses / (Income)
2.96 8.36 -5.26 0.31 -1.10 16 0.20 -0.85 -5.78 2.46
Other Special Charges / (Income)
1.20 0.71 0.76 1.10 1.06 1.19 1.11 0.97 0.62 0.72
Total Other Income / (Expense), net
-11 -11 -13 -13 -14 -14 -14 -15 71 -13
Interest Expense
8.87 10 12 12 13 13 14 14 16 16
Other Income / (Expense), net
-1.65 -0.95 -1.00 -1.06 -0.97 -0.77 -0.57 -0.95 88 2.56
Income Tax Expense
0.29 -5.06 0.32 -7.56 24 -21 4.26 -3.61 18 -2.38
Net Income / (Loss) Attributable to Noncontrolling Interest
1.22 1.73 1.95 -0.14 0.20 -0.73 1.87 0.56 -1.99 0.28
Basic Earnings per Share
($0.08) ($0.02) $0.00 $0.00 ($0.24) $0.01 ($0.05) ($0.03) $0.23 ($0.13)
Weighted Average Basic Shares Outstanding
167.43M 167.47M 168.14M 168.18M 168.22M 168.29M 168.69M 169.10M 169.60M 169.34M
Diluted Earnings per Share
($0.08) ($0.02) $0.00 $0.00 ($0.24) $0.01 ($0.05) ($0.03) $0.23 ($0.13)
Weighted Average Diluted Shares Outstanding
167.43M 167.47M 168.14M 170.66M 168.22M 168.29M 168.69M 169.10M 171.49M 171.50M
Weighted Average Basic & Diluted Shares Outstanding
167.44M 168.10M 168.20M 168.20M 168.60M 168.70M 168.70M 169.60M 170M 170.30M

Annual Cash Flow Statements for Krispy Kreme

This table details how cash moves in and out of Krispy Kreme's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 1/1/2023 12/31/2023 12/29/2024
Net Change in Cash & Equivalents
-3.46 2.88 -9.30
Net Cash From Operating Activities
140 46 46
Net Cash From Continuing Operating Activities
140 46 46
Net Income / (Loss) Continuing Operations
-8.78 -37 3.82
Consolidated Net Income / (Loss)
-8.78 -37 3.82
Depreciation Expense
110 126 134
Amortization Expense
0.00 -10 -5.91
Non-Cash Adjustments To Reconcile Net Income
42 62 -54
Changes in Operating Assets and Liabilities, net
-4.13 -95 -32
Net Cash From Investing Activities
-121 -113 19
Net Cash From Continuing Investing Activities
-121 -113 19
Purchase of Property, Plant & Equipment
-112 -121 -121
Acquisitions
-18 -1.42 -35
Sale of Property, Plant & Equipment
1.08 0.22 0.18
Divestitures
0.00 0.00 124
Other Investing Activities, net
7.49 10 51
Net Cash From Financing Activities
-17 72 -74
Net Cash From Continuing Financing Activities
-17 72 -74
Repayment of Debt
-101 -1,090 -713
Repurchase of Common Equity
-16 -1.88 -5.49
Payment of Dividends
-35 -39 -65
Issuance of Debt
149 1,176 676
Issuance of Common Equity
0.59 0.29 1.56
Other Financing Activities, net
-14 26 32
Effect of Exchange Rate Changes
-4.97 -1.93 -0.46

Quarterly Cash Flow Statements for Krispy Kreme

This table details how cash moves in and out of Krispy Kreme's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 10/2/2022 1/1/2023 4/2/2023 7/2/2023 10/1/2023 12/31/2023 3/31/2024 6/30/2024 9/29/2024 12/29/2024
Net Change in Cash & Equivalents
2.29 7.23 -5.65 -3.11 -0.83 12 -5.00 -4.50 -3.22 3.43
Net Cash From Operating Activities
17 69 10 36 -2.22 1.51 -18 33 3.26 27
Net Cash From Continuing Operating Activities
17 69 10 36 -2.22 1.51 -18 33 3.26 27
Net Income / (Loss) Continuing Operations
-12 -0.99 1.64 0.08 -40 1.88 -6.66 -4.93 38 -22
Consolidated Net Income / (Loss)
-12 -0.99 1.64 0.08 -40 1.88 -6.66 -4.93 38 -22
Depreciation Expense
28 26 28 29 32 37 34 35 31 34
Non-Cash Adjustments To Reconcile Net Income
8.27 25 16 12 7.32 26 8.50 8.81 -82 11
Changes in Operating Assets and Liabilities, net
-7.75 19 -35 -0.94 1.67 -60 -50 -2.29 16 4.26
Net Cash From Investing Activities
-39 -34 -16 -28 -34 -34 -29 -36 110 -25
Net Cash From Continuing Investing Activities
-39 -34 -16 -28 -34 -34 -29 -36 110 -25
Purchase of Property, Plant & Equipment
-24 -37 -27 -28 -34 -33 -29 -32 -26 -34
Acquisitions
- 0.01 - - - -1.42 - - -27 -5.33
Divestitures
- - - - - - - - - 6.48
Other Investing Activities, net
1.59 2.72 10 0.08 0.06 -0.20 0.02 -0.94 45 7.11
Net Cash From Financing Activities
28 -31 1.81 -9.70 35 44 44 -3.33 -118 3.40
Net Cash From Continuing Financing Activities
28 -31 1.81 -9.70 35 44 44 -3.33 -118 3.40
Repayment of Debt
-20 -31 -857 -64 -49 -119 -132 -174 -239 -167
Repurchase of Common Equity
-0.06 -14 0.00 -0.15 -1.46 -0.27 -0.80 -3.47 -0.09 -1.12
Payment of Dividends
-7.89 -6.06 -7.02 -16 -7.52 -8.56 -6.88 -7.07 -39 -12
Issuance of Debt
69 28 892 98 56 131 180 186 125 186
Issuance of Common Equity
- 13 - - - 0.29 - - - 1.20
Other Financing Activities, net
-12 -20 -26 -27 38 41 4.10 -3.83 35 -3.34
Effect of Exchange Rate Changes
-3.49 3.00 -1.37 -1.64 0.22 0.86 -1.83 1.71 1.20 -1.55

Annual Balance Sheets for Krispy Kreme

This table presents Krispy Kreme's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 1/1/2023 12/31/2023 12/29/2024
Total Assets
3,149 3,241 3,072
Total Current Assets
178 174 173
Cash & Equivalents
35 38 29
Restricted Cash
0.36 0.43 0.35
Accounts Receivable
51 59 68
Inventories, net
46 35 28
Prepaid Expenses
27 25 32
Current Deferred & Refundable Income Taxes
18 16 16
Plant, Property, & Equipment, net
0.00 0.00 0.00
Total Noncurrent Assets
2,970 3,067 2,899
Long-Term Investments
- 2.81 91
Goodwill
1,088 1,102 1,048
Intangible Assets
966 946 820
Other Noncurrent Operating Assets
916 1,016 941
Total Liabilities & Shareholders' Equity
3,149 3,241 3,072
Total Liabilities
1,850 1,977 1,908
Total Current Liabilities
516 526 486
Short-Term Debt
40 55 56
Accounts Payable
225 156 123
Accrued Expenses
104 134 124
Other Current Liabilities
147 180 182
Total Noncurrent Liabilities
1,333 1,451 1,421
Long-Term Debt
739 837 845
Noncurrent Deferred Revenue
38 36 41
Noncurrent Deferred & Payable Income Tax Liabilities
143 124 131
Other Noncurrent Operating Liabilities
413 455 405
Commitments & Contingencies
0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,299 1,264 1,164
Total Preferred & Common Equity
1,196 1,170 1,135
Total Common Equity
1,196 1,170 1,135
Common Stock
1,428 1,445 1,468
Retained Earnings
-217 -279 -300
Accumulated Other Comprehensive Income / (Loss)
-9.15 7.25 -32
Other Equity Adjustments
-4.81 -3.85 -1.91
Noncontrolling Interest
103 94 30

Quarterly Balance Sheets for Krispy Kreme

This table presents Krispy Kreme's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 10/2/2022 4/2/2023 7/2/2023 10/1/2023 3/31/2024 6/30/2024 9/29/2024
Total Assets
3,102 3,145 3,174 3,187 3,234 3,223 3,065
Total Current Assets
175 156 159 160 174 168 164
Cash & Equivalents
28 30 27 26 33 29 25
Restricted Cash
0.40 0.41 0.34 0.43 0.48 0.48 0.47
Accounts Receivable
47 52 49 50 57 57 62
Inventories, net
49 36 34 35 39 39 31
Prepaid Expenses
33 21 32 31 25 24 26
Current Deferred & Refundable Income Taxes
17 16 17 18 18 18 19
Plant, Property, & Equipment, net
0.00 476 0.00 0.00 543 0.00 0.00
Total Noncurrent Assets
2,927 2,514 3,015 3,027 2,517 3,055 2,901
Long-Term Investments
- - - - - - 91
Goodwill
1,074 1,094 1,099 1,092 1,099 1,096 1,060
Intangible Assets
966 964 960 949 939 928 832
Other Noncurrent Operating Assets
887 456 955 986 480 1,031 918
Total Liabilities & Shareholders' Equity
3,102 3,145 3,174 3,187 3,234 3,223 3,065
Total Liabilities
1,828 1,838 1,868 1,938 1,986 1,994 1,856
Total Current Liabilities
509 446 447 525 490 494 475
Short-Term Debt
40 40 41 43 60 60 48
Accounts Payable
188 205 216 179 129 135 123
Accrued Expenses
112 83 96 165 117 114 120
Other Current Liabilities
169 118 93 138 184 184 185
Total Noncurrent Liabilities
1,319 1,392 1,421 1,413 1,496 1,501 1,381
Long-Term Debt
739 777 814 827 882 895 805
Noncurrent Deferred Revenue
40 40 33 34 37 37 50
Noncurrent Deferred & Payable Income Tax Liabilities
140 142 134 110 123 116 119
Other Noncurrent Operating Liabilities
401 432 439 442 454 453 407
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,274 1,307 1,306 1,249 1,248 1,229 1,209
Total Preferred & Common Equity
1,173 1,204 1,208 1,152 1,153 1,135 1,180
Total Common Equity
1,173 1,204 1,208 1,152 1,153 1,135 1,180
Common Stock
1,425 1,433 1,434 1,439 1,451 1,456 1,462
Retained Earnings
-209 -224 -229 -276 -293 -305 -271
Accumulated Other Comprehensive Income / (Loss)
-37 -0.92 7.78 -7.52 -1.21 -13 -9.28
Other Equity Adjustments
-4.81 -4.83 -3.81 -3.82 -3.63 -2.87 -1.92
Noncontrolling Interest
100 103 98 97 95 94 29

Annual Metrics And Ratios for Krispy Kreme

This table displays calculated financial ratios and metrics derived from Krispy Kreme's official financial filings.

Metric 2022 2023 2024
Period end date 1/1/2023 12/31/2023 12/29/2024
Growth Metrics
- - -
Revenue Growth
10.51% 10.21% -1.23%
EBITDA Growth
-3.07% -8.26% 66.08%
EBIT Growth
-33.34% -63.97% 754.12%
NOPAT Growth
-29.50% -54.63% -118.32%
Net Income Growth
40.88% -317.63% 110.41%
EPS Growth
44.44% -130.00% 108.70%
Operating Cash Flow Growth
-1.00% -67.43% 0.63%
Free Cash Flow Firm Growth
-175.71% -623.36% 368.55%
Invested Capital Growth
1.43% 3.50% -7.98%
Revenue Q/Q Growth
2.27% 2.82% -2.74%
EBITDA Q/Q Growth
-7.33% -2.37% -1.24%
EBIT Q/Q Growth
-27.63% -52.56% -3.43%
NOPAT Q/Q Growth
166.68% -44.50% 41.84%
Net Income Q/Q Growth
-150.21% 7.26% -86.31%
EPS Q/Q Growth
-66.67% 11.54% -87.50%
Operating Cash Flow Q/Q Growth
23.55% -59.74% 125.78%
Free Cash Flow Firm Q/Q Growth
0.00% -16.79% 14.01%
Invested Capital Q/Q Growth
0.90% 0.95% 0.03%
Profitability Metrics
- - -
Gross Margin
100.00% 100.00% 100.00%
EBITDA Margin
8.90% 7.41% 12.46%
Operating Margin
1.89% 0.78% -0.52%
EBIT Margin
1.70% 0.55% 4.79%
Profit (Net Income) Margin
-0.57% -2.17% 0.23%
Tax Burden Percent
107.50% 89.40% 19.30%
Interest Burden Percent
-31.47% -438.58% 24.76%
Effective Tax Rate
0.00% 0.00% 80.70%
Return on Invested Capital (ROIC)
1.00% 0.44% -0.08%
ROIC Less NNEP Spread (ROIC-NNEP)
-3.09% -5.31% 0.59%
Return on Net Nonoperating Assets (RNNOA)
-1.67% -3.30% 0.40%
Return on Equity (ROE)
-0.67% -2.86% 0.31%
Cash Return on Invested Capital (CROIC)
-0.42% -2.99% 8.23%
Operating Return on Assets (OROA)
0.82% 0.29% 2.53%
Return on Assets (ROA)
-0.28% -1.15% 0.12%
Return on Common Equity (ROCE)
-0.61% -2.64% 0.30%
Return on Equity Simple (ROE_SIMPLE)
-0.73% -3.13% 0.34%
Net Operating Profit after Tax (NOPAT)
20 9.20 -1.69
NOPAT Margin
1.33% 0.55% -0.10%
Net Nonoperating Expense Percent (NNEP)
4.09% 5.76% -0.67%
Return On Investment Capital (ROIC_SIMPLE)
0.98% 0.43% -0.08%
Cost of Revenue to Revenue
0.00% 0.00% 0.00%
SG&A Expenses to Revenue
60.62% 61.89% 65.10%
R&D to Revenue
0.00% 0.00% 0.00%
Operating Expenses to Revenue
98.11% 99.22% 100.52%
Earnings before Interest and Taxes (EBIT)
26 9.35 80
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
136 125 208
Valuation Ratios
- - -
Price to Book Value (P/BV)
1.41 2.14 1.46
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00
Price to Revenue (P/Rev)
1.10 1.49 0.99
Price to Earnings (P/E)
0.00 0.00 535.00
Dividend Yield
1.39% 0.94% 1.44%
Earnings Yield
0.00% 0.00% 0.19%
Enterprise Value to Invested Capital (EV/IC)
1.24 1.63 1.27
Enterprise Value to Revenue (EV/Rev)
1.65 2.05 1.48
Enterprise Value to EBITDA (EV/EBITDA)
18.58 27.60 11.88
Enterprise Value to EBIT (EV/EBIT)
97.54 369.01 30.89
Enterprise Value to NOPAT (EV/NOPAT)
124.75 374.85 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
18.10 75.73 53.81
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 14.77
Leverage & Solvency
- - -
Debt to Equity
0.60 0.71 0.77
Long-Term Debt to Equity
0.57 0.66 0.73
Financial Leverage
0.54 0.62 0.67
Leverage Ratio
2.39 2.49 2.60
Compound Leverage Factor
-0.75 -10.93 0.64
Debt to Total Capital
37.49% 41.36% 43.62%
Short-Term Debt to Total Capital
1.93% 2.54% 2.73%
Long-Term Debt to Total Capital
35.57% 38.82% 40.89%
Preferred Equity to Total Capital
0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
4.93% 4.37% 1.45%
Common Equity to Total Capital
57.57% 54.28% 54.93%
Debt to EBITDA
5.72 7.13 4.34
Net Debt to EBITDA
5.46 6.80 3.76
Long-Term Debt to EBITDA
5.43 6.70 4.07
Debt to NOPAT
38.41 96.86 -534.45
Net Debt to NOPAT
36.65 92.36 -463.03
Long-Term Debt to NOPAT
36.44 90.92 -501.02
Altman Z-Score
0.83 1.04 0.89
Noncontrolling Interest Sharing Ratio
7.84% 7.67% 5.11%
Liquidity Ratios
- - -
Current Ratio
0.35 0.33 0.36
Quick Ratio
0.17 0.19 0.20
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
-8.60 -62 167
Operating Cash Flow to CapEx
126.37% 37.57% 38.00%
Free Cash Flow to Firm to Interest Expense
-0.25 -1.24 2.78
Operating Cash Flow to Interest Expense
4.10 0.90 0.76
Operating Cash Flow Less CapEx to Interest Expense
0.86 -1.50 -1.24
Efficiency Ratios
- - -
Asset Turnover
0.49 0.53 0.53
Accounts Receivable Turnover
31.04 30.53 26.21
Inventory Turnover
0.00 0.00 0.00
Fixed Asset Turnover
0.00 0.00 0.00
Accounts Payable Turnover
0.00 0.00 0.00
Days Sales Outstanding (DSO)
11.76 11.96 13.93
Days Inventory Outstanding (DIO)
0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00
Cash Conversion Cycle (CCC)
11.76 11.96 13.93
Capital & Investment Metrics
- - -
Invested Capital
2,042 2,114 1,945
Invested Capital Turnover
0.75 0.81 0.82
Increase / (Decrease) in Invested Capital
29 71 -169
Enterprise Value (EV)
2,530 3,449 2,466
Market Capitalization
1,684 2,505 1,656
Book Value per Share
$7.15 $6.94 $6.67
Tangible Book Value per Share
($5.12) ($5.21) ($4.31)
Total Capital
2,078 2,155 2,065
Total Debt
779 891 901
Total Long-Term Debt
739 837 845
Net Debt
743 850 781
Capital Expenditures (CapEx)
111 121 121
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-334 -336 -286
Debt-free Net Working Capital (DFNWC)
-298 -297 -257
Net Working Capital (NWC)
-338 -352 -313
Net Nonoperating Expense (NNE)
29 46 -5.50
Net Nonoperating Obligations (NNO)
743 850 781
Total Depreciation and Amortization (D&A)
110 116 128
Debt-free, Cash-free Net Working Capital to Revenue
-21.82% -19.93% -17.18%
Debt-free Net Working Capital to Revenue
-19.49% -17.64% -15.42%
Net Working Capital to Revenue
-22.11% -20.88% -18.81%
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
($0.10) ($0.23) $0.02
Adjusted Weighted Average Basic Shares Outstanding
167.47M 168.29M 169.34M
Adjusted Diluted Earnings per Share
($0.10) ($0.23) $0.02
Adjusted Weighted Average Diluted Shares Outstanding
167.47M 168.29M 171.50M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
168.10M 168.70M 170.30M
Normalized Net Operating Profit after Tax (NOPAT)
23 12 -3.73
Normalized NOPAT Margin
1.52% 0.72% -0.22%
Pre Tax Income Margin
-0.53% -2.43% 1.19%
Debt Service Ratios
- - -
EBIT to Interest Expense
0.76 0.19 1.33
NOPAT to Interest Expense
0.59 0.18 -0.03
EBIT Less CapEx to Interest Expense
-2.48 -2.22 -0.68
NOPAT Less CapEx to Interest Expense
-2.65 -2.23 -2.04
Payout Ratios
- - -
Dividend Payout Ratio
-400.58% -106.68% 1,711.01%
Augmented Payout Ratio
-588.35% -111.81% 1,854.89%

Quarterly Metrics And Ratios for Krispy Kreme

This table displays calculated financial ratios and metrics derived from Krispy Kreme's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 10/2/2022 1/1/2023 4/2/2023 7/2/2023 10/1/2023 12/31/2023 3/31/2024 6/30/2024 9/29/2024 12/29/2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
10.13% 9.17% 12.46% 8.96% 7.91% 11.44% 5.67% 7.32% -6.75% -10.40%
EBITDA Growth
-4.87% -25.96% -7.84% -14.94% 2.03% -9.88% 0.19% 27.73% 296.28% -9.39%
EBIT Growth
-344.96% -69.96% -20.78% -32.11% -15.29% -243.48% -18.74% 28.93% 2,419.42% -46.53%
NOPAT Growth
-156.30% -65.07% 15.14% -24.81% -105.74% -202.48% -33.48% 21.51% -635.79% -115.52%
Net Income Growth
-215.57% -123.00% -74.54% 103.49% -240.02% 291.17% -505.29% -5,970.24% 193.33% -1,277.00%
EPS Growth
-100.00% -200.00% -100.00% 100.00% -200.00% 150.00% 0.00% 0.00% 195.83% -1,400.00%
Operating Cash Flow Growth
-59.93% 62.81% -63.49% 40.56% -113.21% -97.81% -270.82% -7.41% 246.87% 1,688.69%
Free Cash Flow Firm Growth
98.53% 0.00% 97.97% -124.23% -142.61% -197.67% -30.35% 87.16% 294.21% 313.83%
Invested Capital Growth
1.44% 1.43% 2.64% 6.27% 3.45% 3.50% 2.97% 0.96% -7.13% -7.98%
Revenue Q/Q Growth
0.61% 7.17% 3.55% -2.40% -0.37% 10.69% -1.82% -0.88% -13.43% 6.36%
EBITDA Q/Q Growth
-26.37% 20.74% 36.30% -29.81% -11.68% 6.65% 51.53% -10.51% 174.02% -75.61%
EBIT Q/Q Growth
-139.62% 258.99% 227.98% -67.14% -167.28% -97.86% 285.76% -47.86% 1,110.34% -112.50%
NOPAT Q/Q Growth
-113.68% 606.91% 243.88% -68.47% -137.43% -152.48% 323.21% -42.40% -326.67% 26.05%
Net Income Q/Q Growth
-391.69% 91.68% 266.90% -94.89% -48,026.19% 104.68% -453.85% 25.99% 861.96% -158.99%
EPS Q/Q Growth
-300.00% 75.00% 100.00% 0.00% 0.00% 104.17% -600.00% 40.00% 866.67% -156.52%
Operating Cash Flow Q/Q Growth
-34.17% 311.07% -85.00% 246.24% -106.19% 168.08% -1,270.97% 287.69% -90.18% 729.09%
Free Cash Flow Firm Q/Q Growth
45.95% 14.14% -63.53% -195.45% 41.52% -5.35% 30.97% 70.89% 984.52% 15.99%
Invested Capital Q/Q Growth
0.76% 0.90% 2.55% 1.92% -1.91% 0.95% 1.89% -0.07% -9.77% 0.03%
Profitability Metrics
- - - - - - - - - -
Gross Margin
100.00% 123.75% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin
6.74% 7.60% 10.00% 7.19% 6.37% 6.14% 9.48% 8.56% 27.09% 6.21%
Operating Margin
-0.27% 1.29% 3.57% 1.38% -0.52% -1.18% 2.69% 1.56% -4.21% -2.85%
EBIT Margin
-0.71% 1.05% 3.33% 1.12% -0.76% -1.35% 2.56% 1.35% 18.83% -2.21%
Profit (Net Income) Margin
-3.14% -0.24% 0.39% 0.02% -9.88% 0.42% -1.51% -1.12% 9.89% -5.49%
Tax Burden Percent
102.55% 16.31% 83.83% -1.12% 253.34% -9.61% 277.51% 57.73% 68.00% 90.32%
Interest Burden Percent
431.63% -142.04% 14.06% -163.15% 515.27% 320.96% -21.18% -144.53% 77.24% 274.45%
Effective Tax Rate
0.00% 0.00% 16.17% 0.00% 0.00% 0.00% 0.00% 0.00% 32.00% 0.00%
Return on Invested Capital (ROIC)
-0.14% 0.68% 2.28% 0.75% -0.29% -0.67% 1.51% 0.89% -2.43% -1.63%
ROIC Less NNEP Spread (ROIC-NNEP)
-1.70% 0.03% 0.80% 0.24% -5.15% 0.03% -0.25% -0.22% 3.70% -3.37%
Return on Net Nonoperating Assets (RNNOA)
-0.94% 0.02% 0.44% 0.14% -3.26% 0.02% -0.17% -0.15% 2.38% -2.26%
Return on Equity (ROE)
-1.08% 0.69% 2.72% 0.89% -3.55% -0.65% 1.35% 0.73% -0.05% -3.90%
Cash Return on Invested Capital (CROIC)
0.00% -0.42% -1.70% -5.24% -2.59% -2.99% -2.59% -0.58% 7.25% 8.23%
Operating Return on Assets (OROA)
-0.34% 0.51% 1.67% 0.58% -0.39% -0.71% 1.37% 0.73% 10.31% -1.17%
Return on Assets (ROA)
-1.51% -0.12% 0.20% 0.01% -5.15% 0.22% -0.81% -0.61% 5.42% -2.89%
Return on Common Equity (ROCE)
-1.00% 0.64% 2.51% 0.83% -3.27% -0.60% 1.24% 0.68% -0.05% -3.70%
Return on Equity Simple (ROE_SIMPLE)
-0.30% 0.00% -1.13% -0.92% -3.43% 0.00% -3.90% -4.40% 2.36% 0.00%
Net Operating Profit after Tax (NOPAT)
-0.72 3.64 13 3.95 -1.48 -3.73 8.34 4.80 -11 -8.05
NOPAT Margin
-0.19% 0.90% 2.99% 0.97% -0.36% -0.83% 1.88% 1.09% -2.87% -1.99%
Net Nonoperating Expense Percent (NNEP)
1.56% 0.65% 1.48% 0.51% 4.86% -0.71% 1.77% 1.11% -6.13% 1.73%
Return On Investment Capital (ROIC_SIMPLE)
- 0.18% - - - -0.17% - - - -0.39%
Cost of Revenue to Revenue
0.00% -23.75% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
61.56% 61.04% 60.36% 61.57% 64.73% 61.02% 62.52% 63.12% 69.27% 66.17%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
100.27% 122.47% 96.43% 98.62% 100.52% 101.18% 97.31% 98.44% 104.21% 102.85%
Earnings before Interest and Taxes (EBIT)
-2.68 4.25 14 4.58 -3.08 -6.10 11 5.91 72 -8.94
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
25 31 42 29 26 28 42 38 103 25
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.61 1.41 2.14 2.02 1.80 2.14 2.21 1.59 1.57 1.46
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
1.26 1.10 1.63 1.52 1.26 1.49 1.49 1.04 1.08 0.99
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 65.60 535.00
Dividend Yield
1.24% 1.39% 0.91% 0.96% 1.14% 0.94% 0.92% 1.31% 1.29% 1.44%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.52% 0.19%
Enterprise Value to Invested Capital (EV/IC)
1.35 1.24 1.65 1.58 1.44 1.63 1.65 1.31 1.34 1.27
Enterprise Value to Revenue (EV/Rev)
1.83 1.65 2.20 2.09 1.84 2.05 2.08 1.63 1.53 1.48
Enterprise Value to EBITDA (EV/EBITDA)
18.65 18.58 26.11 26.44 23.52 27.60 28.45 21.24 12.43 11.88
Enterprise Value to EBIT (EV/EBIT)
76.47 97.54 155.47 167.61 152.77 369.01 528.28 351.04 31.58 30.89
Enterprise Value to NOPAT (EV/NOPAT)
0.00 124.75 185.78 194.39 181.53 374.85 502.85 357.05 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
24.22 18.10 28.44 25.51 26.61 75.73 203.56 190.94 128.64 53.81
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 17.83 14.77
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.61 0.60 0.63 0.65 0.70 0.71 0.76 0.78 0.70 0.77
Long-Term Debt to Equity
0.58 0.57 0.59 0.62 0.66 0.66 0.71 0.73 0.67 0.73
Financial Leverage
0.55 0.54 0.55 0.58 0.63 0.62 0.66 0.69 0.64 0.67
Leverage Ratio
2.39 2.39 2.36 2.40 2.49 2.49 2.50 2.52 2.54 2.60
Compound Leverage Factor
10.33 -3.39 0.33 -3.91 12.85 8.00 -0.53 -3.65 1.96 7.14
Debt to Total Capital
37.94% 37.49% 38.47% 39.57% 41.08% 41.36% 43.02% 43.72% 41.34% 43.62%
Short-Term Debt to Total Capital
1.96% 1.93% 1.89% 1.88% 2.05% 2.54% 2.75% 2.74% 2.31% 2.73%
Long-Term Debt to Total Capital
35.98% 35.57% 36.57% 37.68% 39.03% 38.82% 40.26% 40.98% 39.03% 40.89%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
4.89% 4.93% 4.86% 4.53% 4.57% 4.37% 4.32% 4.30% 1.43% 1.45%
Common Equity to Total Capital
57.17% 57.57% 56.67% 55.91% 54.35% 54.28% 52.66% 51.98% 57.23% 54.93%
Debt to EBITDA
5.30 5.72 6.16 6.71 6.80 7.13 7.54 7.17 4.06 4.34
Net Debt to EBITDA
5.10 5.46 5.93 6.50 6.60 6.80 7.27 6.95 3.50 3.76
Long-Term Debt to EBITDA
5.02 5.43 5.86 6.39 6.46 6.70 7.05 6.72 3.83 4.07
Debt to NOPAT
-25.60 38.41 43.83 49.32 52.53 96.86 133.19 120.51 -294.02 -534.45
Net Debt to NOPAT
-24.67 36.65 42.22 47.76 50.95 92.36 128.44 116.83 -253.69 -463.03
Long-Term Debt to NOPAT
-24.28 36.44 41.67 46.97 49.90 90.92 124.66 112.96 -277.61 -501.02
Altman Z-Score
0.88 0.81 1.15 1.09 0.89 1.02 1.07 0.84 0.99 0.79
Noncontrolling Interest Sharing Ratio
7.42% 7.84% 7.83% 7.64% 7.81% 7.67% 7.75% 7.56% 5.14% 5.11%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
0.34 0.35 0.35 0.36 0.30 0.33 0.36 0.34 0.35 0.36
Quick Ratio
0.15 0.17 0.18 0.17 0.14 0.19 0.18 0.17 0.18 0.20
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-29 -25 -41 -122 -71 -75 -54 -16 138 161
Operating Cash Flow to CapEx
71.39% 189.31% 39.04% 129.39% -6.47% 4.61% -60.92% 104.92% 12.48% 79.74%
Free Cash Flow to Firm to Interest Expense
-3.31 -2.45 -3.44 -10.11 -5.57 -5.57 -3.92 -1.08 8.51 10.30
Operating Cash Flow to Interest Expense
1.89 6.71 0.86 2.98 -0.17 0.11 -1.29 2.30 0.20 1.73
Operating Cash Flow Less CapEx to Interest Expense
-0.76 3.17 -1.35 0.68 -2.85 -2.32 -3.40 0.11 -1.41 -0.44
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.48 0.49 0.50 0.51 0.52 0.53 0.54 0.54 0.55 0.53
Accounts Receivable Turnover
27.96 31.04 32.58 34.11 33.88 30.53 31.28 32.60 30.61 26.21
Inventory Turnover
0.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.00 0.00 3.43 0.00 0.00 0.00 3.36 0.00 0.00 0.00
Accounts Payable Turnover
0.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)
13.06 11.76 11.20 10.70 10.77 11.96 11.67 11.20 11.92 13.93
Days Inventory Outstanding (DIO)
968.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
4,064.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)
-3,082.13 11.76 11.20 10.70 10.77 11.96 11.67 11.20 11.92 13.93
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
2,024 2,042 2,094 2,134 2,094 2,114 2,156 2,155 1,944 1,945
Invested Capital Turnover
0.74 0.75 0.76 0.78 0.80 0.81 0.80 0.81 0.85 0.82
Increase / (Decrease) in Invested Capital
29 29 54 126 70 71 62 20 -149 -169
Enterprise Value (EV)
2,741 2,530 3,464 3,371 3,010 3,449 3,557 2,829 2,611 2,466
Market Capitalization
1,890 1,684 2,573 2,445 2,068 2,505 2,554 1,809 1,846 1,656
Book Value per Share
$7.01 $7.15 $7.16 $7.18 $6.85 $6.94 $6.84 $6.73 $6.96 $6.67
Tangible Book Value per Share
($5.18) ($5.12) ($5.08) ($5.06) ($5.29) ($5.21) ($5.24) ($5.27) ($4.20) ($4.31)
Total Capital
2,052 2,078 2,124 2,161 2,120 2,155 2,190 2,184 2,061 2,065
Total Debt
779 779 817 855 871 891 942 955 852 901
Total Long-Term Debt
739 739 777 814 827 837 882 895 805 845
Net Debt
750 743 787 828 845 850 908 926 735 781
Capital Expenditures (CapEx)
24 36 27 28 34 33 29 32 26 34
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-323 -334 -280 -274 -348 -336 -289 -295 -289 -286
Debt-free Net Working Capital (DFNWC)
-294 -298 -250 -247 -321 -297 -256 -266 -264 -257
Net Working Capital (NWC)
-334 -338 -290 -287 -365 -352 -316 -325 -311 -313
Net Nonoperating Expense (NNE)
11 4.63 11 3.87 39 -5.62 15 9.73 -48 14
Net Nonoperating Obligations (NNO)
750 743 787 828 845 850 908 926 735 781
Total Depreciation and Amortization (D&A)
28 26 28 25 29 34 31 32 31 34
Debt-free, Cash-free Net Working Capital to Revenue
-21.58% -21.82% -17.78% -17.00% -21.20% -19.93% -16.92% -16.94% -16.90% -17.18%
Debt-free Net Working Capital to Revenue
-19.67% -19.49% -15.87% -15.32% -19.61% -17.64% -14.96% -15.27% -15.39% -15.42%
Net Working Capital to Revenue
-22.36% -22.11% -18.42% -17.85% -22.26% -20.88% -18.48% -18.70% -18.17% -18.81%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
($0.08) ($0.02) $0.00 $0.00 ($0.24) $0.01 ($0.05) ($0.03) $0.23 ($0.13)
Adjusted Weighted Average Basic Shares Outstanding
167.43M 167.47M 168.14M 168.18M 168.22M 168.29M 168.69M 169.10M 169.60M 169.34M
Adjusted Diluted Earnings per Share
($0.08) ($0.02) $0.00 $0.00 ($0.24) $0.01 ($0.05) ($0.03) $0.23 ($0.13)
Adjusted Weighted Average Diluted Shares Outstanding
167.43M 167.47M 168.14M 170.66M 168.22M 168.29M 168.69M 169.10M 171.49M 171.50M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
167.44M 168.10M 168.20M 168.20M 168.60M 168.70M 168.70M 169.60M 170M 170.30M
Normalized Net Operating Profit after Tax (NOPAT)
0.12 4.14 13 4.72 -0.74 -2.90 9.11 5.48 -10 -7.54
Normalized NOPAT Margin
0.03% 1.02% 3.14% 1.16% -0.18% -0.64% 2.06% 1.25% -2.75% -1.87%
Pre Tax Income Margin
-3.06% -1.49% 0.47% -1.83% -3.90% -4.34% -0.54% -1.95% 14.54% -6.07%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
-0.30 0.41 1.16 0.38 -0.24 -0.45 0.83 0.41 4.39 -0.57
NOPAT to Interest Expense
-0.08 0.35 1.05 0.33 -0.12 -0.28 0.61 0.33 -0.67 -0.52
EBIT Less CapEx to Interest Expense
-2.96 -3.13 -1.05 -1.92 -2.92 -2.89 -1.29 -1.78 2.79 -2.75
NOPAT Less CapEx to Interest Expense
-2.73 -3.19 -1.17 -1.97 -2.79 -2.71 -1.51 -1.86 -2.27 -2.69
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
-1,170.43% -400.58% -257.24% -333.08% -92.61% -106.68% -86.65% -60.10% 220.14% 1,711.01%
Augmented Payout Ratio
-1,256.74% -588.35% -367.71% -461.59% -132.25% -111.81% -92.62% -72.12% 236.79% 1,854.89%

Financials Breakdown Chart

Key Financial Trends

Krispy Kreme (NASDAQ: DNUT) has reported its financial results covering quarterly performance over the past two years, including income statements, cash flow statements, and balance sheet data. Here are the key trends and insights from these financials:

  • Revenue Growth: Total revenue has generally increased from about $377.5 million in Q3 2022 to around $404 million by Q4 2024, reflecting steady top-line growth over the analyzed period.
  • Improved Operating Income in Earlier Quarters 2024: The company returned to positive operating income in Q1 and Q2 2024 ($11.9 million and $6.9 million respectively), compared to negative operating income in prior quarters.
  • Reduction in Net Losses in Early 2024: Net income improved from significant losses in 2023 (e.g., -$40.5 million in Q3 2023) to smaller losses or slight net income in some quarters of 2024, indicating progress towards profitability.
  • Operational Cash Flow Positive in Recent Quarters: Cash from operating activities remained positive in most recent quarters (e.g., $27 million in Q4 2024), suggesting the company is generating operating cash despite net losses in Q4 2024.
  • Stable Share Count and EPS Trends: Weighted average shares outstanding are steady around 168-171 million. EPS improved from negative values in 2023 to modest positive in Q4 2023 and then slightly negative in Q4 2024 (-$0.13), closer to breakeven.
  • Consistent Dividend Payments: Krispy Kreme maintained quarterly cash dividends of $0.035 per share through 2023 and 2024, signaling commitment to returning value to shareholders despite fluctuating earnings.
  • High Goodwill and Intangibles: The balance sheet shows significant goodwill and intangible assets (~$1.06 billion and $830 million respectively in Q3 2024), reflecting acquisitions and brand value that could affect future impairment risks.
  • Mixed Investing Activities: Capital expenditures are consistently negative (e.g., -$33.9 million in Q4 2024), while acquisitions and divestitures appear sporadic, indicating ongoing investment in growth and portfolio optimization.
  • Net Losses in Q4 2024: The latest quarter showed a net loss of approximately -$22.2 million, reversing earlier gains in 2024 and indicating challenges possibly due to higher expenses or market conditions.
  • Consistent Operating Losses in Several Quarters: Despite some positive quarters, multiple quarters (including Q3 & Q4 2023 and Q4 2024) recorded operating losses, highlighting volatility and risk in achieving sustainable profitability.
  • High Interest Expense: Interest expenses have remained elevated (~$13-16 million per quarter), which places pressure on profitability and could reflect significant debt load.
  • Fluctuating and Negative Other Income/Expense: Other income/expense net was negative in many quarters, impacting pre-tax earnings negatively and reflecting potential non-operational challenges.
  • Increasing Total Liabilities: Total liabilities rose from approx. $1.83 billion in Q1 2023 to $1.86 billion in Q3 2024, indicating increasing leverage and potential liquidity risks.
  • Negative Retained Earnings: Retained earnings remain negative (about -$271 million as of Q3 2024), a sign of accumulated losses that may constrain future dividend or reinvestment capacity.

Summary: Krispy Kreme has shown resilience in growing revenues and positive operational cash flow in recent quarters, with some improvement in net income compared to larger losses a year ago. However, volatility in profitability, high interest expense, and elevated liabilities present challenges. Investors should watch upcoming quarters for consistent profitability and debt management progress.

10/20/25 06:47 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Krispy Kreme's Financials

When does Krispy Kreme's financial year end?

According to the most recent income statement we have on file, Krispy Kreme's fiscal year ends in December. Their fiscal year 2024 ended on December 29, 2024.

How has Krispy Kreme's net income changed over the last 2 years?

Krispy Kreme's net income appears to be on a downward trend, with a most recent value of $3.82 million in 2024, falling from -$8.78 million in 2022. The previous period was -$36.65 million in 2023. Check out Krispy Kreme's forecast to explore projected trends and price targets.

What is Krispy Kreme's operating income?
Krispy Kreme's total operating income in 2024 was -$8.74 million, based on the following breakdown:
  • Total Gross Profit: $1.67 billion
  • Total Operating Expenses: $1.67 billion
How has Krispy Kreme's revenue changed over the last 2 years?

Over the last 2 years, Krispy Kreme's total revenue changed from $1.53 billion in 2022 to $1.67 billion in 2024, a change of 8.9%.

How much debt does Krispy Kreme have?

Krispy Kreme's total liabilities were at $1.91 billion at the end of 2024, a 3.5% decrease from 2023, and a 3.1% increase since 2022.

How much cash does Krispy Kreme have?

In the past 2 years, Krispy Kreme's cash and equivalents has ranged from $28.96 million in 2024 to $38.19 million in 2023, and is currently $28.96 million as of their latest financial filing in 2024.

How has Krispy Kreme's book value per share changed over the last 2 years?

Over the last 2 years, Krispy Kreme's book value per share changed from 7.15 in 2022 to 6.67 in 2024, a change of -6.6%.



This page (NASDAQ:DNUT) was last updated on 10/20/2025 by MarketBeat.com Staff
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