v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2026
Jun. 29, 2025
Jun. 28, 2026
Jun. 29, 2025
Total net revenues $ 330,995 $ 379,767 $ 698,029 $ 754,951
Product and distribution costs 86,037 92,627 174,367 183,363
Operating expenses 158,869 210,712 346,975 409,555
Selling, general and administrative expense 53,695 62,920 111,728 122,325
Marketing expenses 11,086 12,185 21,205 22,424
Pre-opening costs 0 1,471 194 2,400
Goodwill and other asset impairments 4,238 406,932 6,126 407,094
Gain on refranchising, net 0 0 (8,885) 0
Other income (expense), net 1,039 (8,311) 1,798 (7,073)
Depreciation and amortization expense 27,007 35,782 59,122 69,683
Operating loss (10,976) (434,551) (14,601) (454,820)
Interest expense, net 13,375 16,696 28,999 32,892
Loss on divestiture of Insomnia Cookies 0 11,501 0 11,501
Other non-operating income, net 261 1,177 420 1,570
Loss before income taxes (24,090) (461,571) (43,180) (497,643)
Income tax expense/(benefit) (4,259) (20,453) (676) (23,120)
Net loss (19,831) (441,118) (42,504) (474,523)
Net income/(loss) attributable to noncontrolling interest 480 (5,858) 591 (5,979)
Net loss attributable to Krispy Kreme, Inc. $ (20,311) $ (435,260) $ (43,095) $ (468,544)
Net loss per share:        
Common stock — Basic (in dollars per share) $ (0.12) $ (2.55) $ (0.28) $ (2.77)
Common stock — Diluted (in dollars per share) $ (0.12) $ (2.55) $ (0.28) $ (2.77)
Weighted average shares outstanding:        
Basic (in shares) 172,578,000 170,802,000 172,299,000 170,546,000
Diluted (in shares) 172,578,000 170,802,000 172,299,000 170,546,000
Previously Reported        
Net income/(loss) attributable to noncontrolling interest   $ (5,858)    
Net loss attributable to Krispy Kreme, Inc.       $ (468,544)
Net loss per share:        
Common stock — Basic (in dollars per share)       $ (2.75)
Common stock — Diluted (in dollars per share)       $ (2.75)
Weighted average shares outstanding:        
Basic (in shares)       170,546,000
Diluted (in shares)       170,546,000
Product sales        
Total net revenues $ 315,674 371,377 $ 673,112 $ 737,856
Royalties and other revenues        
Total net revenues $ 15,321 $ 8,390 $ 24,917 $ 17,095