Overview

• Krispy Kreme has paused its nationwide doughnut partnership with McDonald’s, halting expansion beyond 2,400 U.S. locations as it reassesses profitability.
• The company reported a $33 million net loss for the first quarter of 2025 and withdrew its full-year financial outlook, citing economic challenges.
• Krispy Kreme announced it will discontinue quarterly dividends to focus on debt reduction and sustainable growth, saving approximately $6 million per quarter.
• Shares of Krispy Kreme fell nearly 25% following the announcement, extending a year-to-date decline of over 66%.
• McDonald’s U.S. same-store sales declined 3.6% in the first quarter, reflecting broader consumer spending pressures impacting both companies.