Krispy Kreme (DNUT) Q2 FY26 earnings call

Krispy Kreme delivered another quarter of significant progress on its turnaround plan, marked by strong adjusted EBITDA growth and margin expansion, particularly in the US segment. The company continued to deleverage its balance sheet and improve free cash flow, driven by reduced capital intensity and strategic re-franchising efforts. While international organic revenue saw declines in some markets, the company remains focused on capital-light franchise growth and leveraging existing US production capacity to drive sustainable, profitable expansion.