Krispy Kreme, Inc. (DNUT) stock jumped 6.10% in pre-market trading on Thursday following the release of its third-quarter financial results for 2025. The iconic doughnut chain reported earnings that surpassed analyst expectations, demonstrating significant progress in its ongoing turnaround efforts.

The company's adjusted earnings per share (EPS) came in at $0.01, beating the IBES estimate of -$0.05. This positive surprise was largely driven by a strong adjusted EBITDA performance of $40.6 million, considerably higher than the estimated $29.9 million. Krispy Kreme's adjusted EBITDA margin stood at a healthy 10.8%, indicating improved operational efficiency.

While Krispy Kreme's revenue of $375.3 million slightly missed the analyst forecast of $381.6 million, investors appeared to focus on the company's profitability metrics. The adjusted net income for the quarter was $1.4 million, a notable improvement that signals the company's turnaround strategies may be gaining traction. Despite reporting a net loss of $20.1 million, the market's positive reaction suggests confidence in Krispy Kreme's ability to navigate challenges and drive future growth.