Loading…

Krispy Kreme, Inc.DNUTCompetitor analysis, valuation and peers

United States · USD·Consumer Staples›Food Distributors
Momentum leader 95
Mkt cap
$723M
US dollars, full cap
Free float
54%
of shares outstanding
$/day
$17.3M
20-day average traded
Fwd P/E
50.0×
forward earnings
ROIC−WACC
-7.6 pp
WACC 7.6%
Hurdle
+17 pp
Req g minus delivered
Next earnings
103 days
17 Feb 2027
Close · USD$4.17
1D-9.3%
1W+27.3%
1M+38.5%
3M+32.8%
6M+15.8%
YTD+3.7%
1Y+10.6%
ATR %6.6%
Beta-0.38
52w lowhigh17.1% off high

What Krispy Kreme does

Employees: 17,000

Krispy Kreme at a glance

Size Krispy Kreme (DNUT) is a United States Consumer Staples company (Food Distributors) with a market value of $723M, the 2459th largest of 3,117 United States companies the cockpit tracks. Shares closed at $4.17 on 6 Nov 2026.

Performance Over six months the shares gained 15.8%, against -13.4% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 20 in its peer set.

Growth Revenue fell 4.8% over the last twelve months (peer median +2.5%); the operating margin is -0.1% (peer median 2.3%).

Valuation It trades at 50.0× forward earnings against a peer median of 12.4× (most expensive of 13).

Price implies For today's price to make sense, revenue must grow about 23% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +17 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 7.6 points below its cost of capital (7.6% WACC).

Backlog Backlog (remaining performance obligations) was $24.7M at 27 Sep 2026 — 0.0 years of trailing revenue. Backlog detail →

Short interest Short interest is 10.8% of the free float (15 Oct 2026).

Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010012014011 May 202611 Aug 20266 Nov 2026DNUT 123Peer median 86
Six months, rebased to 100: Krispy Kreme against the median of its 19 peers (local-currency closes).

Krispy Kreme financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$1.47B$1.52B$1.67B$1.69B$1.53B
Revenue growth—-9%-1%+10%—
Gross profit$239M$214M$313M$340M$309M
EBITDA$125M$102M$142M$164M$153M
Net income-$95.7M-$520M$3.10M-$37.9M-$16.0M
Free cash flow$37.3M-$64.0M-$75.0M-$75.9M$28.1M
Capital expenditure$59.9M$97.9M$121M$121M$112M
Total debt$1.26B$1.42B$1.35B$1.40B$1.24B

Quarterly statements and history in the cockpit →

Krispy Kreme competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-25%0%+25%+50%0%+20%+40%6000731610AGCCYNGA0026952292ATRAV000529DOLEMARR9869002726TARMFIMTSDNUT6-month return →1-month return →
Up and to the right = strong over both horizons. Krispy Kreme is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%20×40×600073YNGA0026952292ATRAVMARR002726MFIMTSUNFIPBHDNUTRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Krispy Kreme is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-20%0%20%40%600073YNGA002695ATRAVDOLE9869002726MFIUNFIPBHDNUTGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Krispy Kreme is the large dot.

Krispy Kreme competitors and peer comparison

How Krispy Kreme compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Krispy Kreme against its 19 peers (data as of 6 Nov 2026)
MeasureDNUTPeer medianRank in peer set
1-month return+38.5%+1.1%highest of 20
6-month return+15.8%-13.4%2nd highest of 20
Distance from 52-week high-17.1%-20.6%8th highest of 20
Revenue growth (TTM)-4.8%+2.5%6th lowest of 20
Operating margin-0.1%2.3%7th lowest of 20
Forward P/E50.0×12.4×most expensive of 13
Growth the price implies (Req g, 7 yrs)23.2%6.5%3rd most demanding of 12
Growth delivered (Del g)+6.3%+2.9%4th highest of 12
Hurdle (Req g minus delivered)+16.9 pp-3.0 pp4th most demanding of 12
ROIC minus cost of capital-7.6 pp-1.3 pp4th lowest of 19
EV / EBITDA15.7×8.6×most expensive of 6
Net debt / EBITDA9.9×2.6×most indebted of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Krispy Kreme DNUTUnited States$723M+16%-5%0%50.0×23.2%+6.3%
Shanghai Bright Meat 600073.SSChina$702M-15%+3%-3%8.5×37.0%-1.5%
COFCO Joycome Foods 1610.HKHong Kong$669M-18%-8%-10%n/an/an/a
Agencia Comercial Spirits AGCCUnited States$804M-24%+145%13%n/an/an/a
Young & Co.'s Brewery, P.L.C YNGA.LUnited Kingdom$822M+52%+5%14%15.4×9.0%+42.0%
Jiangxi Huangshanghuang Group Food 002695.SZChina$880M-14%+17%7%39.9×14.7%-7.1%
S Foods 2292.TJapan$537M-6%+8%2%11.2×n/an/a
Atria ATRAV.HEFinland$509M+12%+6%4%9.1×-5.2%+3.8%
Guangdong Guanghong 000529.SZChina$404M-19%-12%-12%n/an/an/a
Dole DOLEUnited States$1.31B-7%+8%2%10.6×4.1%+16.1%
MARR MARR.MIItaly$389M-38%+3%2%12.6×n/an/a
Kato Sangyo 9869.TJapan$1.35B+10%+2%1%n/a-9.5%+1.9%
ShandongLongda Meishi 002726.SZChina$382M-34%-25%-9%9.4×23.5%-16.1%
Shandong Delisi Food 002330.SZChina$362M-20%-10%-2%n/an/an/a
Tarczynski TAR.WAPoland$331M-4%+6%7%n/an/an/a
Pinlive Foods 300892.SZChina$316M-26%-3%-1%n/an/an/a
Maple Leaf Foods MFI.TOCanada$2.39B-13%-17%8%16.1×2.4%-1.9%
Metcash MTS.AXAustralia$2.55B+12%0%3%14.1×0.9%+3.9%
United Natural Foods UNFIUnited States$2.73B-13%-2%1%13.6×6.5%+2.9%
Premium Brands PBH.TOCanada$2.86B-13%+20%5%12.2×7.4%+12.9%

Krispy Kreme backlog

Krispy Kreme reported $24.7M of remaining performance obligations at 27 Sep 2026 and up 0% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.

Questions

Which companies are Krispy Kreme's closest peers?
The cockpit's peer set: Shanghai Bright Meat (600073.SS), COFCO Joycome Foods (1610.HK), Agencia Comercial Spirits (AGCC), Young & Co.'s Brewery, P.L.C (YNGA.L), Jiangxi Huangshanghuang Group Food (002695.SZ), S Foods (2292.T), Atria (ATRAV.HE), Guangdong Guanghong (000529.SZ).
Is Krispy Kreme expensive compared with its peers?
On forward p/e it trades at 50.0× against a peer median of 12.4×, most expensive of 13 in its peer set. For today's price to make sense, revenue must grow about 23% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +17 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Krispy Kreme stock performed?
Over six months to 6 Nov 2026 the shares returned +15.8% against -13.4% for the median peer; over one year +10.6%.
What is Krispy Kreme's backlog?
Krispy Kreme's remaining performance obligations (contracted revenue not yet recognised) were $24.7M at 27 Sep 2026.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.