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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 28, 2025
Dec. 29, 2024
Current assets:    
Cash and cash equivalents $ 30,707 $ 28,962
Restricted cash 445 353
Accounts receivable, net 53,837 67,722
Inventories 28,077 28,133
Taxes receivable 19,617 16,155
Prepaid expense and other current assets 29,107 31,615
Total current assets 161,790 172,940
Property and equipment, net 491,266 511,139
Goodwill, net 708,371 1,047,581
Other intangible assets, net 803,587 819,934
Operating lease right of use asset, net 410,106 409,869
Investments in unconsolidated entities 6,715 91,070
Other assets 18,010 19,497
Total assets 2,599,845 3,072,030
Current liabilities:    
Current portion of long-term debt 73,255 56,356
Current operating lease liabilities 47,744 46,620
Accounts payable 116,536 123,316
Accrued liabilities 103,671 124,212
Structured payables 107,727 135,668
Total current liabilities 448,933 486,172
Long-term debt, less current portion 906,208 844,547
Noncurrent operating lease liabilities 410,526 405,366
Deferred income taxes, net 92,895 130,745
Other long-term obligations and deferred credits 47,441 40,768
Total liabilities 1,906,003 1,907,598
Commitments and contingencies
Shareholders’ equity:    
Common stock, $0.01 par value; 300,000 shares authorized as of both September 28, 2025 and December 29, 2024; 171,244 and 170,060 shares issued and outstanding as of September 28, 2025 and December 29, 2024, respectively 1,713 1,701
Additional paid-in capital 1,473,218 1,466,508
Shareholder note receivable (1,788) (1,906)
Accumulated other comprehensive loss, net of income tax (9,269) (32,128)
Retained deficit (793,608) (299,638)
Total shareholders’ equity attributable to Krispy Kreme, Inc. 670,266 1,134,537
Noncontrolling interest 23,576 29,895
Total shareholders’ equity 693,842 1,164,432
Total liabilities and shareholders’ equity $ 2,599,845 $ 3,072,030