Joshua Charlesworth on revenue growth
From Josh Charlesworth, President and CEO, Krispy Kreme — Doughnuts to Dollars: An iconic American bra... · · ICR
“We expect that to increase this year between two and 4% and I think that starting there with something as simple as that is the most important place to explain that. And bear in mind, I'm saying two to 4% growth. Obviously in this dynamic customer consumer environment, so much going on and on top of that, we have exited from some unprofitable sales in the first half of 2025, which means that we're just naturally going to be having a headwind on that in the early part of the year.”
On , Joshua Charlesworth, President, Chief Executive Officer & Director at KRISPY KREME INC, spoke about revenue growth during Josh Charlesworth, President and CEO, Krispy Kreme — Doughnuts to Dollars: An iconic American bra... on ICR.
About Joshua Charlesworth
Josh Charlesworth, President and CEO of Krispy Kreme, has been discussing the company’s turnaround strategy, which he said was implemented in mid-2025 after the company determined that its growth was not sufficiently profitable and its balance sheet was not strong enough. Charlesworth stated that the company has focused on making revenue streams more sustainable and profitable, including exiting unprofitable distribution to some fresh delivery customers and outsourcing the logistics of delivering donuts to grocery and convenience stores to third-party experts. He noted that the company expects system-wide sales to increase 2% to 4% in constant currency in 2026, to over $2 billion, driven primarily by international expansion and the opening of at least 100 new franchise shops. Charlesworth has also addressed the impact of GLP-1 weight-loss medications on consumer behavior. He said that Krispy Kreme conducted research indicating that consumers who use these medications are as likely as non-users to purchase sweet treats for holidays and special occasions, with a focus on quality and taste. He characterized Krispy Kreme donuts as a product typically purchased two to three times per year for sharing and special occasions, and stated that the company has not seen a significant impact from GLP-1s on its sales. In the first quarter of 2026, the company reported narrowed losses and expanding margins, and Charlesworth highlighted strong demand during events such as Valentine’s Day and the promotion of an Artemis 2-themed donut.