Dnut.O

Krispy Kreme maintains a capital structure characterized by zero reported debt-to-equity, indicating a debt-free balance sheet relative to equity. The company holds $42.4 million in cash and equivalents against total assets of $2.59 billion. Liquidity is assessed as low, despite a current ratio that is not explicitly provided, the low cash balance relative to total liabilities of $1.92 billion suggests tight working capital management. The market capitalization stands at $557.6 million, trading at a price-to-book ratio of 0.82, implying the market values the company below its book value.

Profitability metrics are deeply negative, with a return on equity of -77.7% and a return on assets of -19.5%. The company reported an operating loss of $469.3 million and a net loss of $515.8 million on revenues of $1.52 billion. This results in a negative EV/EBITDA of -1.11, highlighting significant operational challenges in converting revenue to earnings. Without cohort median data for direct comparison, these returns indicate severe underperformance relative to typical industry standards for profitable restaurant operators.

Revenue concentration by segment or geography is not disclosed in the available data. The company’s total revenue of $1.52 billion is reported as a single aggregate figure, preventing analysis of specific segment contributions or regional exposure. This lack of granularity limits the ability to assess diversification benefits or specific market risks within the business model.

Growth trajectory analysis is constrained by the absence of historical period data. Only the latest normalized period’s revenue of $1.52 billion is available, preventing the calculation of year-over-year growth rates or trend analysis. Consequently, the company’s revenue momentum cannot be quantified from the provided financial snapshot.

Risk assessment indicates low liquidity and low dilution risk, with no immediate filing-based flags detected. The absence of debt mitigates interest rate risk, but the low cash position relative to liabilities poses a potential liquidity constraint if operating cash flows remain insufficient. The negative operating cash flow of $33.9 million, despite positive operating income being negative, suggests working capital or non-cash adjustments are impacting cash generation.

Recent observations include analyst estimates with a mean price target of $4.37 and a median of $4.20, against a current market price of $3.25. The mean recommendation is 2.86, indicating a neutral to slightly bearish sentiment among analysts, with one strong buy, one buy, and three hold ratings. No specific news events or filing observations were provided beyond the reconciler enqueue logs, which are internal system events and not material business developments.

Revenue $367.0M, −2,2% YoY; Operating income +82,1% YoY.

• ▍Revenue $367.0M, −2,2% YoY
• ▍Operating income +82,1% YoY
• ▍Net income +31,6% YoY
• ▍Free cash flow +102,1% YoY
• ▍Net margin -6.2%

Revenue $392.4M, −2,9% YoY; Operating income +11,0% YoY.

• ▍Revenue $392.4M, −2,9% YoY
• ▍Operating income +11,0% YoY
• ▍Net income −23,8% YoY
• ▍Free cash flow +56,2% YoY
• ▍Net margin -7.1%

Revenue $375.3M, −1,2% YoY; Operating income −110,1% YoY.

• ▍Revenue $375.3M, −1,2% YoY
• ▍Operating income −110,1% YoY
• ▍Net income −149,2% YoY
• ▍Free cash flow −136,4% YoY
• ▍Net margin -5.2%

Revenue $379.8M, −13,5% YoY; Operating income −6 603,2% YoY.

• ▍Revenue $379.8M, −13,5% YoY
• ▍Operating income −6 603,2% YoY
• ▍Net income −7 826,8% YoY
• ▍Free cash flow −21 854,0% YoY
• ▍Net margin -114.6%

Revenue $375.2M; Operating income -$20.3M.

• ▍Revenue $375.2M
• ▍Operating income -$20.3M
• ▍Net margin -8.9%

Revenue $404.0M; Operating income -$8.2M.

• ▍Revenue $404.0M
• ▍Operating income -$8.2M
• ▍Net margin -5.6%

Revenue $379.9M; Operating income $71.1M.

• ▍Revenue $379.9M
• ▍Operating income $71.1M
• ▍Net margin 10.4%

Revenue $438.8M; Operating income $6.9M.

• ▍Revenue $438.8M
• ▍Operating income $6.9M
• ▍Net margin -1.3%

Revenue $1.52B, −8,6% YoY; Operating income −688,3% YoY.

• ▍Revenue $1.52B, −8,6% YoY
• ▍Operating income −688,3% YoY
• ▍Net income −16 764,5% YoY
• ▍Free cash flow −6 921,6% YoY
• ▍Net margin -33.9%

Revenue $1.67B, −1,2% YoY; Operating income +521,7% YoY.

• ▍Revenue $1.67B, −1,2% YoY
• ▍Operating income +521,7% YoY
• ▍Net income +108,2% YoY
• ▍Free cash flow +87,3% YoY
• ▍Net margin 0.2%

Revenue $1.69B, +10,2% YoY; Operating income −54,6% YoY.

• ▍Revenue $1.69B, +10,2% YoY
• ▍Operating income −54,6% YoY
• ▍Net income −142,8% YoY
• ▍Free cash flow −65,8% YoY
• ▍Net margin -2.2%

Revenue $1.53B, +10,5% YoY; Operating income −29,5% YoY.

• ▍Revenue $1.53B, +10,5% YoY
• ▍Operating income −29,5% YoY
• ▍Net income +36,2% YoY
• ▍Free cash flow −2,7% YoY
• ▍Net margin -1.0%