Krispy Kreme Inc
For the period ended Sep 29, 2024. Filed Nov 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.
Sep 29, 2024 · Filed Nov 8, 2024
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Condensed Consolidated Statements of Comprehensive Income/(Loss)
Condensed Consolidated Statements of Comprehensive Income/(Loss) (Unaudited)
(in thousands)
| Quarter Ended · Three Quarters Ended | ||||
|---|---|---|---|---|
| September 29,2024 (13 weeks) | October 1,2023 (13 weeks) | September 29,2024 (39 weeks) | October 1,2023 (39 weeks) | |
| Net income/(loss) | $37,572 | $(40,258) | $25,978 | $(38,530) |
| Other comprehensive income/(loss), net of income taxes: | ||||
| Foreign currency translation adjustment | 13,118 | (12,834) | (895) | 7,552 |
| Unrealized loss on cash flow hedges, net of income taxes (1) | (9,574) | (2,615) | (15,762) | (5,110) |
| Total other comprehensive income/(loss) | 3,544 | (15,449) | (16,657) | 2,442 |
| Comprehensive income/(loss) | 41,116 | (55,707) | 9,321 | (36,088) |
| Net (loss)/income attributable to noncontrolling interest | (1,991) | 199 | 440 | 2,005 |
| Foreign currency translation adjustment attributable to noncontrolling interest | 226 | (148) | (135) | 807 |
| Total comprehensive (loss)/income attributable to noncontrolling interest | (1,765) | 51 | 305 | 2,812 |
| Comprehensive income/(loss) attributable to Krispy Kreme, Inc. | $42,881 | $(55,758) | $9,016 | $(38,900) |
(1)Net of income tax benefit of $3.2 million and $5.3 million for the quarter and three quarters ended September 29, 2024, respectively, and $0.9 million and $1.7 million for the quarter and three quarters ended October 1, 2023, respectively.
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