Krispy Kreme Reports Q1 2025: Net Revenue at $375.2M, GAAP Net Loss of $33.4M, Adjusted EBITDA at $24.0M
Krispy Kreme reported its Q1 2025 financial results, with net revenue at $375.2 million and a GAAP net loss of $33.4 million. Organic revenue declined by 1.0% to $374.7 million. Adjusted EBITDA was $24.0 million. The company saw a 21.4% increase in Global Points of Access, totaling 17,982. Sales per Hub decreased by 2.0% in the U.S. and 1.0% internationally. Digital sales rose to 16.9%. Krispy Kreme is focusing on U.S. expansion and a capital-light franchise model, while promoting its Original Glazed doughnut and special offerings for holidays.
Krispy Kreme Inc. reported its financial results for the first quarter of 2025, with net revenue reaching $375.2 million. However, the company experienced a slight decline in organic revenue, which decreased by 1.0% to $374.7 million compared to the same quarter in 2024. The company reported a GAAP net loss of $33.4 million for the quarter. Adjusted EBITDA was recorded at $24.0 million. Krispy Kreme saw a 21.4% increase in Global Points of Access, which rose by 3,168 to a total of 17,982. Sales per Hub in the U.S. and international markets showed a decrease of 2.0% and 1.0% respectively. Digital sales as a percent of doughnut shop sales increased by 30 basis points to 16.9%. The company continued its investment in U.S. nationwide expansion and the wider adoption of a capital-light international franchise model. Krispy Kreme also emphasized its Original Glazed doughnut to attract value-conscious consumers and introduced special offerings for Valentine's and St. Patrick's Day.