Krispy Kreme Stock Jumps 31% After Q3 Results Show Turnaround Progress and Raised Revenue Guidance

Krispy Kreme (Nasdaq: DNUT) shares rose 30.7% on Thursday, Nov. 5, 2026, closing at $4.60 from a previous close of $3.52, after the doughnut chain reported third-quarter results and raised its revenue guidance. The S&P 500 ETF (SPY) fell 4.41% over the same session, and trading volume ran about 10.4 times its usual level.

The move followed a press release furnished with an 8-K that morning. The company reported net revenue of $328.8 million, down 12.4% from a year earlier, mainly because of refranchising deals. Adjusted EPS was $0.06, compared with $0.01 in the prior-year quarter, and GAAP net loss narrowed to $13.3 million from $20.1 million.

Guidance raised and narrowed

Krispy Kreme now expects 2026 net revenue of $1.35 billion to $1.40 billion, up from $1.25 billion to $1.35 billion previously. It also cut its capital expenditure outlook to $40 million to $45 million from $50 million to $60 million, and kept its adjusted EBITDA forecast at $140 million to $150 million.

Turnaround metrics

Systemwide sales rose 1.0% in constant currency to $490.2 million. Adjusted EBITDA fell 13.1% to $35.3 million, but the prior-year period included a $9.3 million cybersecurity insurance recovery. Excluding that item, adjusted EBITDA margin improved 240 basis points, according to the company.

Balance sheet

Net leverage stood at 5.5x at the end of the quarter, a 1.2x reduction from the end of 2025. Total available liquidity was $250.5 million, including $30.3 million of cash and cash equivalents. The company said it remains in compliance with its financial covenants.

The company also said it signed a development agreement to enter Pakistan and open 120 shops over five years. Krispy Kreme's CEO, Josh Charlesworth, said the results reflect progress on the company's turnaround plan.