v3.25.4
Net Loss per Share
12 Months Ended
Dec. 28, 2025
Earnings Per Share [Abstract]  
Net Loss per Share Net (Loss)/Earnings per Share
The following table presents the calculations of basic and diluted EPS:
Fiscal Years Ended
(in thousands, except per share amounts)
December 28,
2025
December 29,
2024
December 31,
2023
Net (loss)/income attributable to Krispy Kreme, Inc.
$(515,767)$3,095 $(37,925)
Adjustment to net (loss)/income attributable to common shareholders
— — — 
Accretion to redemption value of redeemable noncontrolling interest
(4,290)$— $— 
Net (loss)/income attributable to common shareholders — Basic
$(520,057)$3,095 $(37,925)
Additional income attributed to noncontrolling interest due to subsidiary potential common shares
(10)(20)(28)
Net (loss)/income attributable to common shareholders — Diluted
$(520,067)$3,075 $(37,953)
Basic weighted average common shares outstanding170,923 169,341 168,289 
Dilutive effect of outstanding common stock options, RSUs, and PSUs— 2,159 — 
Diluted weighted average common shares outstanding
170,923 171,500 168,289 
(Loss)/earnings per share attributable to common shareholders:
Basic
$(3.04)$0.02 $(0.23)
Diluted
$(3.04)$0.02 $(0.23)
Potential dilutive shares consist of unvested RSUs and PSUs, calculated using the treasury stock method. The calculation of dilutive shares outstanding excludes certain unvested RSUs granted under certain subsidiaries’ executive ownership plans and long-term incentive plans, because their inclusion would have been antidilutive. Refer to Note 14, Share-based Compensation, to the audited Consolidated Financial Statements for further information about the plans.
The following table summarizes the gross number of potential dilutive unvested RSUs and PSUs excluded due to antidilution (unadjusted for the treasury stock method):
Fiscal Years Ended
(in thousands)
December 28,
2025
December 29,
2024
December 31,
2023
KKI
10,669 1,421 6,785 
KK Australia21 — — 
KK U.K.
— 
Insomnia Cookies
— — 47 
KK Mexico— — — 
For the fiscal years ended December 28, 2025, December 29, 2024, and December 31, 2023, all 2.6 million, 2.7 million, and 3.0 million time-vested stock options, respectively, were excluded from the computation of diluted weighted average common shares outstanding based on application of the treasury stock method.