Krispy Kreme (DNUT)
Makes and distributes doughnuts through shops, retailers, e-commerce, and fresh-delivery routes.
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Produces doughnuts, including Original Glazed, and sells them through shops, retail partners, e-commerce, and delivery. The business pairs production hubs with fresh-delivery spokes while pursuing U.S. retail distribution and capital-light international franchising.
Doughnut production centers on Original Glazed and uses hubs with fresh-delivery spokes to supply company shops, retail partners, e-commerce, and delivery. The omni-channel model grew from a retail heritage into a network designed to extend consumer access to freshly made doughnuts. Product-quality standards, service, and operating and logistics consistency are central to how the system is run.
Operations combine U.S. retail distribution with international franchise growth. After its U.S. partnership with McDonald's ended, the stated focus shifted to profitable domestic retail distribution and capital-light international franchising. The network depends on production hubs and delivery spokes working together.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 7, 2026 | Evercore ISI | Target | Target: — | Target: $4 |
| Mar 26, 2026 | Capital One Financial | Target | Target: — | Target: $6 |
| Mar 26, 2026 | CapitalOne | Upgrade | ||
| Jan 20, 2026 | Morgan Stanley | Target | Target: $14 | Target: $3 |
| Aug 27, 2025 | JP Morgan | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 28, 2026Cash & short-term investments $21.8M · Total debt $469.0M · Total assets $2.36B · Shareholders' equity $618.1M
- Revenue
- $331.0M
- Operating income
- −$11.0M
- Net income
- −$20.3M
HistoryDividendAnnual yield
| Institutions | ≈ 47.90% | 82.58M shares | |
|---|---|---|---|
| 194 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 4.79% | 8.26M shares | |
| 25 holders · as of Aug 3, 2026 | |||
| Other | ≈ 47.31% | 81.55M shares | |
| remainder | |||
172.40M company shares as of Aug 29, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BNP Paribas Arbitrage, SNCInstitution | 8.89% | 15.32M | as of Jun 30, 2026 |
BNP Paribas SAInstitution | 8.88% | 15.31M | filed Aug 13, 2026 |
HSBC Holdings PLCInstitution | 4.10% | 7.07M | as of Jun 30, 2026 |
Credit Agricole S AInstitution | 4.00% | 6.90M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 3.84% | 6.62M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 5, 2026 | Bernardo Hees | director | +25,002 | $3.49 |
| Jun 1, 2026 | Bernardo Hees | director | +73,640 | $3.44 |
| Jun 2, 2026 | Bernardo Hees | director | +235,875 | $3.39 |
| Jun 3, 2026 | Bernardo Hees | director | +170,596 | $3.35 |
| Jun 4, 2026 | Bernardo Hees | director | +150,000 | $3.29 |
- Restaurant Brands International
Tim Hortons overlaps in coffee, doughnuts, and breakfast
- J.M. Smucker
Hostess Donettes overlap in packaged doughnuts and sweet snacks
- Starbucks
Specialty coffee, food, grocery, and foodservice overlap
- Dutch Bros
Drive-thru handcrafted beverages overlap in morning occasions
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Krispy Kreme | $3.06 | +1.74% | $518.9M | — | 39.4 | 0.4 | −12.8% |
| Restaurant Brands International | $72.33 | −0.32% | $25.17B | 21.4 | 17.0 | 2.6 | +4.6% |
| J.M. Smucker | $121.15 | +1.06% | $12.81B | 56.0 | 12.0 | 1.4 | +5.0% |
| Starbucks | $95.09 | +0.19% | $108.19B | 54.5 | 31.8 | 2.8 | −1.4% |
| Dutch Bros | $39.17 | +0.05% | $6.76B | 54.4 | 35.7 | 3.6 | +32.5% |
| Median | 54.5 | 24.4 | 2.7 | +4.8% |