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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Sep. 28, 2025
Sep. 29, 2024
Total net revenues $ 375,298 $ 379,867 $ 1,130,249 $ 1,261,374
Product and distribution costs 96,214 95,840 279,577 310,701
Operating expenses 195,939 192,027 605,494 609,726
Selling, general and administrative expense 49,393 71,110 171,718 207,150
Marketing expenses 11,796 10,680 34,220 35,211
Pre-opening costs 666 619 3,066 2,691
Goodwill and other asset impairments 4,805 0 411,899 448
Other income, net (9,781) (5,781) (16,854) (6,878)
Depreciation and amortization expense 33,446 31,376 103,129 99,562
Operating (loss)/income (7,180) (16,004) (462,000) 2,763
Interest expense, net 16,358 16,280 49,250 44,468
(Gain)/loss on divestiture of Insomnia Cookies 0 (87,128) 11,501 (87,128)
Other non-operating (income)/expense, net 591 407 2,161 (1,115)
(Loss)/income before income taxes (22,947) 55,251 (520,590) 44,308
Income tax (benefit)/expense (2,816) 17,679 (25,936) 18,330
Net (loss)/income (20,131) 37,572 (494,654) 25,978
Net (loss)/income attributable to noncontrolling interest (687) (1,991) (6,666) 440
Net (loss)/income attributable to Krispy Kreme, Inc. $ (19,444) $ 39,563 $ (487,988) $ 25,538
Net (loss)/income per share:        
Common stock — Basic (in dollars per share) $ (0.11) $ 0.23 $ (2.86) $ 0.15
Common stock — Diluted (in dollars per share) $ (0.11) $ 0.23 $ (2.86) $ 0.15
Weighted average shares outstanding:        
Basic (in shares) 171,164,000 169,596,000 170,752,000 169,125,000
Diluted (in shares) 171,164,000 171,486,000 170,752,000 171,384,000
Product sales        
Total net revenues $ 365,701 $ 370,662 $ 1,103,557 $ 1,233,585
Royalties and other revenues        
Total net revenues $ 9,597 $ 9,205 $ 26,692 $ 27,789