Filing Flows › Krispy Kreme (DNUT) › Q1 2025
Krispy Kreme (DNUT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Krispy Kreme (DNUT) reported revenue of $375M for the first quarter 2025 (Q1 2025), -15% from a year earlier and -7% from the quarter before. Operating margin was -5.4%, net loss $33.4M (8.9% of revenue).
Krispy Kreme, Q1 2025: revenue $375M (-15% year over year), operating margin -5.4%, net loss $33.4M, operating cash flow −$20.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $375M | -7% | -15% |
| Operating profit | −$20.3M | — | — |
| Net earnings | −$33.4M | — | — |
| Operating cash flow | −$20.8M | — | — |
What changed
Revenue was $375.2M in Q1 2025, down 15% year over year and down 7% from the previous quarter. Company Shops and DFD was the largest line at 95% of revenue. Company Shops and DFD lost $64.5M year over year (down 15%), 96% of the total change.
Operating costs exceeded revenue by $20.3M, an operating margin of -5.4%. Total costs fell 8% while revenue fell 15%. The quarter ended with a net loss of $33.4M, wider than the previous quarter's $22.2M loss.
Operating cash flow was −$20.8M. Non-cash charges added back $33.9M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $23.9M. Capital expenditures of $25.9M exceeded it, leaving free cash flow of −$46.7M.
Questions
What was Krispy Kreme's revenue in the first quarter 2025?
Krispy Kreme (DNUT) reported revenue of $375M for the first quarter 2025 (Q1 2025), -15% from a year earlier and -7% from the quarter before.
Was Krispy Kreme profitable in the first quarter 2025?
Operating loss was $20.3M (-5.4% of revenue) and net loss $33.4M.
Source: Krispy Kreme 10-Q on SEC EDGAR.