Krispy Kreme reported second quarter 2026 financial results on August 6, 2026. Net revenue declined 12.8% to $331.0 million due to refranchising efforts and the strategic closure of underperforming locations, including approximately 2,400 doors from the ended McDonald’s USA partnership. GAAP net loss improved significantly to $19.8 million from $441.1 million in the prior year period. Adjusted EBITDA increased 43.2% to $28.8 million with an adjusted EBITDA margin of 8.7%. The company maintained its full-year 2026 guidance, targeting net revenue between $1.25 billion and $1.35 billion and adjusted EBITDA between $140 million and $150 million. Krispy Kreme operates in the quick-service restaurant industry, specializing in the production and sale of doughnuts and other sweet treats.