Krispy Kreme, Inc.

CERTAIN TERMS

Unless otherwise specified or the context otherwise requires, the terms “Company,” “Krispy Kreme,” “we,” “us,” and “our” and other similar terms used in this Annual Report on Form 10-K (this “Annual Report”) refer to Krispy Kreme, Inc. and its consolidated subsidiaries. Except as otherwise specified or the context otherwise requires, references to fiscal 2025 refer to the fiscal year ended December 28, 2025, references to fiscal 2024 refer to the fiscal year ended December 29, 2024, and references to fiscal 2023 refer to the fiscal year ended December 31, 2023.

TRADEMARKS

All trademarks, trade names and service marks appearing in this Annual Report are the property of their respective owners. Solely for convenience, the trademarks and trade names in this Annual Report are referred to without the symbols ® and ™, but such references should not be construed as any indication that their respective owners will not assert, to the fullest extent under applicable law, their rights thereto. We do not intend to use or display other companies’ trademarks or trade names to imply a relationship with, or endorsement or sponsorship of us by, any other companies.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain information included in this Annual Report is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, and involves risks, assumptions, and uncertainties that could cause actual results to differ materially from those expressed or implied by forward-looking statements. Forward-looking statements can be identified by use of forward-looking terminology, including terms such as “plan,” “believe,” “may,” “continue,” “could,” “will,” “should,” “would,” “anticipate,” “attempt,” “estimate,” “expect,” “intend,” “objective,” “seek,” “pursue,” “strive” or the negatives of these words, comparable terminology, or other references to future periods; however, statements may be forward-looking whether or not these terms or their negatives are used. Forward-looking statements are not a representation by us that the future plans, estimates, or expectations contemplated by us will be achieved. Our actual results could differ materially from the forward-looking statements included herein. We consider the assumptions and estimates on which forward-looking statements are based to be reasonable, but they are subject to various risks and uncertainties relating to our operations, financial results, financial conditions, business, prospects, future plans and strategies, projections, liquidity, the economy, and other future conditions. Therefore, you should not place undue reliance on any of these forward-looking statements. Important factors could cause our actual results to differ materially from those contained in forward-looking statements including, without limitation:

•food safety issues, including risks of food-borne illnesses, tampering, contamination, and cross-contamination;

•impacts from any material failure, inadequacy, or interruption of our information technology systems, including breaches or failures of such systems or other cybersecurity or data security-related incidents;

•our ability to execute our business strategy, including our turnaround plan and growth through international development with strategic partners and profitable expansion of our fresh delivery and digital channels;

•our ability to realize the anticipated benefits from past or potential future strategic transactions (including refranchising);

•failure by our franchisees, subfranchisees, or third-party service providers to operate effectively and in compliance with our standards and applicable law;

•any harm to our reputation or brand image;

•negative impacts on our business due to changes in consumer spending habits, consumer preferences, or demographic trends;

•our ability to open new and maintain existing shops and points of access both domestically and internationally;

•disruptions to our and our franchisees’ supply chain, including the loss of or failure to perform by single-source or limited suppliers, vendors, distributors, or manufacturers;

•our significant indebtedness and our ability to meet the financial and other covenants under our credit facilities;

•changes in the cost of raw materials and other commodities, including due to import and export requirements (including tariffs), inflation, or foreign exchange rates;

•our ability to recruit and retain key personnel;

•failure to develop or maintain effective internal control over financial reporting or disclosure controls and procedures;

•adverse regulatory actions or publicity concerning food or occupational safety, food quality, health, and other issues or regulatory investigations, enforcement actions, or material litigation;

•and other risks and uncertainties described under the heading “Risk Factors” and elsewhere in this Annual Report and in other filings the Company makes from time to time with the Securities and Exchange Commission (“SEC”).

These forward-looking statements are made only as of the date of this document, and we undertake no obligation to publicly update or revise any forward-looking statement whether as a result of new information, future events, or otherwise, except as may be required by law.