| Schedule of Error Corrections and Prior Period Adjustments |
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) | |
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