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
DNUT$3.85-4.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations (Unaudited)
| 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 revenues | ||||
| Product sales | $370,662 | $398,745 | $1,233,585 | $1,209,767 |
| Royalties and other revenues | 9,205 | 8,622 | 27,789 | 25,432 |
| Total net revenues | 379,867 | 407,367 | 1,261,374 | 1,235,199 |
| Product and distribution costs | 95,840 | 101,353 | 310,701 | 330,292 |
| Operating expenses | 192,027 | 195,380 | 609,726 | 575,953 |
| Selling, general and administrative expense | 71,110 | 68,305 | 207,150 | 192,355 |
| Marketing expenses | 10,680 | 12,478 | 35,211 | 32,101 |
| Pre-opening costs | 619 | 1,059 | 2,691 | 2,927 |
| Other income, net | (5,781) | (1,102) | (6,430) | (6,051) |
| Depreciation and amortization expense | 31,376 | 32,007 | 99,562 | 89,142 |
| Operating (loss)/income | (16,004) | (2,113) | 2,763 | 18,480 |
| Interest expense, net | 16,280 | 12,807 | 44,468 | 36,858 |
| Gain on divestiture of Insomnia Cookies | (87,128) | — | (87,128) | — |
| Other non-operating (income)/expense, net | (407) | 971 | 1,115 | 3,031 |
| Income/(loss) before income taxes | 55,251 | (15,891) | 44,308 | (21,409) |
| Income tax expense | 17,679 | 24,367 | 18,330 | 17,121 |
| Net income/(loss) | 37,572 | (40,258) | 25,978 | (38,530) |
| Net (loss)/income attributable to noncontrolling interest | (1,991) | 199 | 440 | 2,005 |
| Net income/(loss) attributable to Krispy Kreme, Inc. | $39,563 | $(40,457) | $25,538 | $(40,535) |
| Net income/(loss) per share: | ||||
| Common stock — Basic | $0.23 | $(0.24) | $0.15 | $(0.24) |
| Common stock — Diluted | $0.23 | $(0.24) | $0.15 | $(0.24) |
| Weighted average shares outstanding: | ||||
| Basic | 169,596 | 168,224 | 169,125 | 168,183 |
| Diluted | 171,486 | 168,224 | 171,384 | 168,183 |
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