During the preparation of the financial statements for the year ended December 28, 2025, the Company identified and corrected the classification and accounting treatment for the redeemable noncontrolling interests in W.K.S. Krispy Kreme and KK Canada AcquisitionCo Inc. (“KK Canada”) (the “redeemable noncontrolling interests”). The Company determined that the accounting for the redeemable noncontrolling interests for periods prior to the annual period ended December 28, 2025 was incorrect. Specifically, the redeemable noncontrolling interests had originally been classified as Noncontrolling interest within Shareholders’ equity in the financial statements included in the Company’s annual and quarterly reports filed prior to the fiscal year ended December 28, 2025. The Company determined that the redeemable noncontrolling interests should instead be accounted for as Mezzanine equity. In addition, the redeemable noncontrolling interests, which were recorded at fair value each annual and quarterly reporting period, with changes recorded in Net (loss)/income, should instead be recorded at the greater of (i) current redemption value or (ii) carrying amount each quarterly reporting period with changes to this amount being recorded in Additional paid-in capital.

prior to the annual period ended December 28, 2025, should instead be included only in the calculation of Net (loss)/income attributable to Krispy Kreme, Inc. as those captions are presented in the Consolidated Statement of Changes in Shareholders' Equity. In accordance with the guidance provided by the SEC’s Staff Accounting Bulletin 99, Materiality, and Staff Accounting Bulletin 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements, the Company determined that the impact of adjustments relating to the corrections of this accounting error were not material to previously issued annual audited and unaudited consolidated financial statements. Accordingly, these adjustments are disclosed herein and will be disclosed prospectively. As a result of the aforementioned correction of accounting errors, the quarterly financial statements included herein have been revised as follows:


	Consolidated Statements of Changes in Shareholders’ Equity
	As Previously Reported		Adjustments		As Revised
Noncontrolling Interest
Balance at December 29, 2024	$	29,895	$	(27,297)	$	2,598
Net (loss)/income for the fiscal quarter ended March 30, 2025	(121)		(259)		(380)
Other comprehensive income for the quarter ended March 30, 2025 before reclassifications	73		(32)		41
Balance at March 30, 2025	$	29,847	$	(27,588)	$	2,259
Net (loss)/income for the fiscal quarter ended June 29, 2025	$	(5,858)	$	97	$	(5,761)
Other comprehensive income for the quarter ended June 29, 2025 before reclassifications	668		677		1,345
Balance at June 29, 2025	$	24,657	$	(26,814)	$	(2,157)


	Net Loss per Share
	Two Quarters Ended June 29, 2025
	As Previously Reported		Adjustments		As Revised
(in thousands, except per share amounts)
Net loss attributable to Krispy Kreme, Inc.	$	(468,544)	$	—	$	(468,544)
Accretion to redemption value of redeemable noncontrolling interest	—		(4,290)		(4,290)

Net loss attributable to common shareholders - Basic	$	(468,544)	$	(4,290)	$	(472,834)
Additional income attributed to noncontrolling interest due to subsidiary potential common shares	—		—		—
Net loss attributable to common shareholders - Diluted	$	(468,544)	$	(4,290)	$	(472,834)
Basic weighted average common shares outstanding	170,546		—		170,546
Dilutive effect of outstanding common stock options, RSUs, and PSUs	—		—		—
Diluted weighted average common shares outstanding	170,546		—		170,546
(Loss)/earnings per share attributable to common shareholders:
Basic	$	(2.75)	$	(0.02)	$	(2.77)
Diluted	$	(2.75)	$	(0.02)	$	(2.77)