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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jun. 29, 2025
Jun. 30, 2024
Total net revenues $ 379,767 $ 438,809 $ 754,951 $ 881,507
Product and distribution costs 92,627 107,846 183,363 214,861
Operating expenses 210,712 212,504 409,555 417,699
Selling, general and administrative expense 62,920 64,466 122,325 136,040
Marketing expenses 12,185 12,416 22,424 24,531
Pre-opening costs 1,471 967 2,400 2,072
Goodwill and other asset impairments 406,932 201 407,094 448
Other income, net (8,311) (1,050) (7,073) (1,097)
Depreciation and amortization expense 35,782 34,600 69,683 68,186
Operating (loss)/income (434,551) 6,859 (454,820) 18,767
Interest expense, net 16,696 14,452 32,892 28,188
Other non-operating (income)/expense, net 1,177 (949) 1,570 (1,522)
Loss before income taxes (461,571) (8,542) (497,643) (10,943)
Income tax (benefit)/expense (20,453) (3,611) (23,120) 651
Net loss (441,118) (4,931) (474,523) (11,594)
Net (loss)/income attributable to noncontrolling interest (5,858) 560 (5,979) 2,431
Net loss attributable to Krispy Kreme, Inc. $ (435,260) $ (5,491) $ (468,544) $ (14,025)
Net loss per share:        
Common stock — Basic (in dollars per share) $ (2.55) $ (0.03) $ (2.75) $ (0.08)
Common stock — Diluted (in dollars per share) $ (2.55) $ (0.03) $ (2.75) $ (0.08)
Weighted average shares outstanding:        
Basic (in shares) 170,802,000 169,095,000 170,546,000 168,890,000
Diluted (in shares) 170,802,000 169,095,000 170,546,000 168,890,000
Loss on divestiture of Insomnia Cookies $ 11,501 $ 0 $ 11,501 $ 0
Product sales        
Total net revenues 371,377 429,411 737,856 862,923
Royalties and other revenues        
Total net revenues $ 8,390 $ 9,398 $ 17,095 $ 18,584