Krispy Kreme (DNUT) shares rocketed 17.1% in premarket trading after the doughnut chain delivered a solid earnings beat, beating analyst estimates by $0.06 per share. The company reported adjusted EPS of $0.09 for Q4, surpassing the consensus estimate of $0.03, while revenue of $392.4 million exceeded expectations of $389.47 million. Revenue fell 2.9% year-over-year to $404 million, primarily due to closing underperforming locations, but adjusted EBITDA surged 21% to $55.6 million, driven by productivity gains and cost savings from exiting the McDonald's partnership.

CEO Josh Charlesworth hailed the results as proof of meaningful progress on the turnaround, citing improved margins and increased global points of access. For 2026, Krispy Kreme targets 2-4% systemwide sales growth and plans to open at least 100 shops globally, backed by $50-$60 million in capital spending.