Filing Flows › Krispy Kreme (DNUT) › Q2 2025
Krispy Kreme (DNUT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Krispy Kreme (DNUT) reported revenue of $380M for the second quarter 2025 (Q2 2025), -13% from a year earlier and +1% from the quarter before. Operating margin was -114.4%, net loss $441M (116.2% of revenue).
Krispy Kreme, Q2 2025: revenue $380M (-14% year over year), operating margin -114.4%, net loss $441M, operating cash flow −$32.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $380M | +1% | -13% |
| Operating profit | −$435M | — | — |
| Net earnings | −$441M | — | — |
| Operating cash flow | −$32.5M | — | — |
What changed
Revenue was $379.8M in Q2 2025, down 13% year over year and up 1% from the previous quarter. Company Shops and DFD was the largest line at 95% of revenue. Company Shops and DFD lost $51.6M year over year (down 12%), 87% of the total change.
Operating costs exceeded revenue by $434.6M, an operating margin of -114.4%. Total costs grew 89% against a revenue fall of 13%. The fastest-growing cost line was Other operating costs (+104%). The quarter ended with a net loss of $441.1M, wider than the previous quarter's $33.4M loss. Minority interests bore $5.9M of it: to shareholders the quarter was a loss of $435.3M.
Operating cash flow was −$32.5M. Non-cash charges added back $35.8M of depreciation and amortization and $4.6M of share-based compensation. Working capital and other items added $368.2M. Capital expenditures of $28.2M exceeded it, leaving free cash flow of −$60.8M.
Questions
What was Krispy Kreme's revenue in the second quarter 2025?
Krispy Kreme (DNUT) reported revenue of $380M for the second quarter 2025 (Q2 2025), -13% from a year earlier and +1% from the quarter before.
Was Krispy Kreme profitable in the second quarter 2025?
Operating loss was $435M (-114.4% of revenue) and net loss $441M.
Source: Krispy Kreme 10-Q on SEC EDGAR.