- Krispy Kreme Ireland losses increased to €3m from €1.3m last year
- Revenue fell 4.6pc to just under €13.5m
- The company recognised a €692,000 impairment at underperforming locations
- Inflation and consumer spending challenges impacted the Irish operation
- Krispy Kreme operates 14 retail locations and employs about 170 people in Ireland
Losses at Krispy Kreme’s Irish arm have soared to €3m last year, a marked increase from the €1.3m loss posted the previous year, as the doughnut chain faced challenging trading conditions. Revenue fell 4.6pc to just under €13.5m, with the company’s operating loss reaching €2.7m compared with €927,000 the year before. The Irish unit generated an adjusted Ebitda loss of €211,000 in 2025, against a positive €970,000 in 2024.
The company has recognised a non-cash impairment of €692,000 in respect of property, plant and equipment at certain underperforming retail locations. Krispy Kreme now operates 14 retail locations in Ireland and continues to grow its fresh delivery business with partners including Tesco and Applegreen. The accounts note that macroeconomic challenges in Ireland during 2025 included high inflation impacting consumer disposable income, input costs and lack of labour and goods in the marketplace.
The directors continue to monitor the ongoing impact of economic challenges and inflationary pressures, taking appropriate actions to mitigate short and long-term risks. Krispy Kreme opened its first Irish outlet at Blanchardstown, Dublin in 2018, quickly becoming one of the chain’s most profitable stores globally. The company employs about 170 people in Ireland and has a letter of support from its parent, JAB Holding, which took Krispy Kreme private in 2016.
Krispy Kreme Ireland shared “The company navigated challenging market circumstances in 2025 with high inflation impacting consumer behaviour.. Directors continue to monitor economic challenges and are taking appropriate actions to mitigate short and long-term risks.”
