Krispy Kreme (DNUT) Gross Margin (2020 - 2026)

Krispy Kreme's Gross Margin history runs 7 years deep, the most recent figure standing at 97.24% for Q1 2026.

• In Q1 2026, Gross Margin fell 3.0% year-over-year to 97.24%; the TTM figure through Mar 2026 stood at 58.14% (down 2226.0% YoY), while the FY2025 annual figure was 47.52%, down 2791.0% from the prior year.
• Gross Margin was 97.24% for Q1 2026 at Krispy Kreme, up from 32.39% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 97.88% in Q1 2023 to a low of 65.11% in Q4 2023.
• Historically, Gross Margin has averaged 65.38% across 5 years, with a median of 75.63% in 2024.
• The sharpest annual moves came in 2023 and 2024: Gross Margin sank 16299 bps in 2023, then surged 14074 bps in 2024.
• A 5-year view of Gross Margin shows it stood at 72.75% in 2022, then slumped by 189 bps to 65.11% in 2023, then soared by 216 bps to 75.63% in 2024, then sank by 143 bps to 32.39% in 2025, then soared by 400 bps to 97.24% in 2026.
• The last three Gross Margin figures came in at 97.24% (Q1 2026), 32.39% (Q4 2025), and 96.86% (Q3 2025), per Business Quant data.