Krispy Kreme Inc
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
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Condensed Consolidated Statements of Comprehensive (Loss)/Income
Condensed Consolidated Statements of Comprehensive (Loss)/Income (Unaudited)
(in thousands)
| Quarter Ended · Two Quarters Ended | ||||
|---|---|---|---|---|
| June 30,2024 (13 weeks) | July 2,2023 (13 weeks) | June 30,2024 (26 weeks) | July 2,2023 (26 weeks) | |
| Net (loss)/income | $(4,931) | $84 | $(11,594) | $1,728 |
| Other comprehensive (loss)/income, net of income taxes: | ||||
| Foreign currency translation adjustment | (7,944) | 9,294 | (14,013) | 20,386 |
| Unrealized (loss)/income on cash flow hedges, net of income taxes (1) | (3,504) | 472 | (6,188) | (2,495) |
| Total other comprehensive (loss)/income | (11,448) | 9,766 | (20,201) | 17,891 |
| Comprehensive (loss)/income | (16,379) | 9,850 | (31,795) | 19,619 |
| Net income/(loss) attributable to noncontrolling interest | 560 | (139) | 2,431 | 1,806 |
| Foreign currency translation adjustment attributable to noncontrolling interest | (62) | 1,063 | (361) | 955 |
| Total comprehensive income attributable to noncontrolling interest | 498 | 924 | 2,070 | 2,761 |
| Comprehensive (loss)/income attributable to Krispy Kreme, Inc. | $(16,877) | $8,926 | $(33,865) | $16,858 |
(1)Net of income tax benefit/(expense) of $1.2 million and $2.1 million for the quarter and two quarters ended June 30, 2024, respectively, and ($0.2 million) and $0.8 million for the quarter and two quarters ended July 2, 2023, respectively.
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