Positive
Seeking Alpha
29 days ago
Krispy Kreme: Waiting For The Donuts To Get Cheap Again
Krispy Kreme (DNUT) is in the midst of a turnaround, focusing on refranchising, outsourcing, and debt reduction to improve profitability. DNUT's Q2 results were weak, with revenue and EBITDA declines, negative free cash flow, and high leverage, but refranchising provided some financial cushion. The turnaround plan includes scaling back company-owned operations, expanding through franchise partners, and prioritizing core products to cut costs and boost margins.