Donuts' rhymes with:
donuts, doughnuts, donuts, doughnuts, cocoanuts, coconuts, donuts, doughnuts, groundnuts, hazelnuts, walnuts
Donuts' sounds like:
d'amato's, damitz, dante's, demands, dematteis, denotes, dents, dentsu, diamandis, diamond's, diamonds, dianetics, dominates, don'ts, donates, donuts, dundas, dynatech