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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 02, 2022
Oct. 03, 2021
Oct. 02, 2022
Oct. 03, 2021
Total net revenues $ 377,522 $ 342,799 $ 1,125,299 $ 1,013,794
Product and distribution costs 102,870 92,152 299,539 257,166
Operating expenses 177,592 157,315 520,260 462,733
Selling, general and administrative expense 54,801 52,950 160,266 163,417
Marketing expenses 10,995 12,062 32,369 31,621
Pre-opening costs 1,200 1,192 3,514 4,335
Other expenses/(income), net 2,964 (359) 1,800 (4,365)
Depreciation and amortization expense 28,127 25,663 83,782 74,258
Operating (loss)/income (1,027) 1,824 23,769 24,629
Interest expense, net 8,871 7,186 23,808 25,228
Interest expense — related party 0 0 0 10,387
Other non-operating expense/(income), net 1,648 732 2,083 (126)
Loss before income taxes (11,546) (6,094) (2,122) (10,860)
Income tax expense/(benefit) 294 (2,342) 5,668 8,266
Net loss (11,840) (3,752) (7,790) (19,126)
Net income attributable to noncontrolling interest 1,216 1,907 5,113 6,736
Net loss attributable to Krispy Kreme, Inc. $ (13,056) $ (5,659) $ (12,903) $ (25,862)
Net loss per share:        
Common stock — Basic (in dollars per share) $ (0.08) $ (0.04) $ (0.08) $ (0.20)
Common stock — Diluted (in dollars per share) $ (0.08) $ (0.04) $ (0.08) $ (0.20)
Weighted average shares outstanding:        
Basic (in shares) 167,431 166,034 167,353 141,124
Diluted (in shares) 167,431 166,034 167,353 141,124
Product sales        
Total net revenues $ 370,216 $ 334,324 $ 1,102,045 $ 989,132
Royalties and other revenues        
Total net revenues $ 7,306 $ 8,475 $ 23,254 $ 24,662