Doughnut chain Krispy Kreme (NASDAQ: DNUT) will be reporting earnings this Thursday before market hours. Here’s what to expect.

Krispy Kreme beat analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $379.8 million, down 13.5% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EBITDA estimates and a significant miss of analysts’ EPS estimates.

Is Krispy Kreme a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Krispy Kreme’s revenue to be flat year on year at $378.2 million, improving from the 6.8% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.05 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Krispy Kreme has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Krispy Kreme’s peers in the traditional fast food segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Restaurant Brands delivered year-on-year revenue growth of 6.9%, beating analysts’ expectations by 2.4%, and Domino's reported revenues up 6.2%, topping estimates by 0.9%. Restaurant Brands’s stock price was unchanged after the resultswhile Domino's was up 2.2%.

Read our full analysis of Restaurant Brands’s results here and Domino’s results here.

The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the traditional fast food stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.7% on average over the last month. Krispy Kreme is down 5.2% during the same time and is heading into earnings with an average analyst price target of $3.70 (compared to the current share price of $3.47).

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