Added to YB: 2026-10-01
Pitch date: 2026-09-27
DNUT [bullish]
Krispy Kreme, Inc.
+6.53%
current return
Author Info
No bio for this author
Company Info
Krispy Kreme, Inc., together with its subsidiaries, produces doughnuts in the United States, the United Kingdom, Ireland, Australia, New Zealand, Mexico, Canada, Japan, and internationally.
Market Cap
$499.7M
Pitch Price
$2.91
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.92
P/E
-5.16
EV/Sales
1.19
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Krispy Kreme ($DNUT): Can Deleveraging Save the Equity?
DNUT: Krispy Kreme is an early restructuring of a highly levered equity stub, with refranchising the most compelling shift; first-half FCF improved from -$108M to -$6M, while consolidated revenue fell 8% and adjusted EBITDA rose 40%. At $2.90 it trades near 9x FY2026E EBITDA with 5.8x leverage; one turn of multiple expansion or deleveraging equals roughly 29% of equity value, but ~$15M FCF and the 2028 maturity wall leave little room for error. Such bets are capped at 2–3% given permanent-loss risk.
Read full article (7 min)