Krispy Kreme, Inc.

Listed Company

DNUTCIK 0001857154NasdaqAcceleratedRetail-Food Stores

Period

FY 2025

Revenue

$1.52B

Net Income

$-515.77M

Total Assets

$2.59B

Equity

$650.12M

Shares Out

172.20M

Op. Cash Flow

$33.92M

Business

Krispy Kreme, Inc. is a global sweet-treat retailer and brand operator known for its Original Glazed doughnut and experiential shop formats. It offers fresh daily doughnuts, specialty and seasonal limited-time offerings, beverages, merchandising (Delivered Fresh Daily cabinets), and digital and delivery services. The company reports three business segments—U.S., International, and Market Development (franchise)—and operates a capital-efficient Hub and Spoke model with Doughnut Factories, Hot Light Theater Shops, Fresh Shops, DFD Doors, carts, and digital channels. Krispy Kreme distributes products across roughly 40 countries through company-owned shops, franchise partners, retail placements, and third-party digital platforms.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total net revenues	1,523	1,665	1,686	1,530	1,384
Product and distribution costs	373	409	443	406	354
Operating expenses	799	810	777	704	630
Selling, general and administrative expense	226	274	267	223	222
Marketing expenses	45	48	46	43	40
Goodwill and other asset impairments	432	4	25	—	—
Pre-opening costs	4	3	4	4	6
Other income, net	−24	−8	−15	10	−10
Depreciation and amortization expense	137	134	126	110	102
Operating (loss)/income	−469	−9	13	29	41
Loss/(gain) on divestiture of Insomnia Cookies	12	−90	0	—	—
Other non-operating (income)/expense, net	−2	2	4	3	2
(Loss)/income before income taxes	−545	20	−41	−8	−4
Income tax (benefit)/expense	−21	16	−4	612,000	11
Net (loss)/income	−524	4	−37	−9	−15
Net (loss)/income attributable to noncontrolling interest	−8	720,000	1	7	10
Net (loss)/income attributable to Krispy Kreme, Inc.	−516	3	−38	−16	−25
Common stock Basic (in dollars per share)	−3.04	0.02	−0.23	−0.1	−0.18
Common stock Diluted (in dollars per share)	−3.04	0.02	−0.23	−0.1	−0.18
Basic (in shares)	171	169	168	167	148
Diluted (in shares)	171	172	168	167	148

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	42	29	38	35	39
Restricted cash	501,000	353,000	429,000	359,000	630,000
Accounts receivable, net	62	68	59	51	47
Inventories	27	28	35	46	35
Taxes receivable	11	16	16	18	15
Current assets held for sale	13	0	—	—	—
Prepaid expense and other current assets	19	32	25	27	21
Total current assets	174	173	174	178	157
Property and equipment, net	461	511	538	472	439
Goodwill, net	712	1,048	1,102	1,088	1,105
Other intangible assets, net	798	820	946	966	993
Operating lease right of use asset, net	396	410	457	417	435
Investments in unconsolidated entities	7	91	3	—	—
Noncurrent assets held for sale	31	0	—	—	—
Other assets	14	19	21	27	16
Total assets	2,593	3,072	3,241	3,149	3,145
Current portion of long-term debt	66	56	55	40	37
Current operating lease liabilities	51	47	50	43	50
Accounts payable	134	123	156	225	182
Accrued liabilities	100	124	134	104	141
Current liabilities held for sale	14	0	—	—	—
Structured payables	92	136	130	104	116
Total current liabilities	457	486	526	516	526
Long-term debt, less current portion	912	845	837	739	680
Noncurrent operating lease liabilities	396	405	455	413	415
Deferred income taxes, net	96	131	124	143	145
Noncurrent liabilities held for sale	12	0	—	—	—
Other long-term obligations and deferred credits	43	41	36	38	43
Total liabilities	1,916	1,908	1,977	1,850	1,810
Commitments and contingencies	—	—	—	—	—
Redeemable noncontrolling interest	24	27	—	—	—
Total mezzanine equity	24	27	—	—	—
Common stock, $0.01 par value; 300,000 shares authorized as of both December 28, 2025 and December 29, 2024; 171,555 and 170,060 shares issued and outstanding as of December 28, 2025 and December 29, 2024, respectively	2	2	2	2	2
Additional paid-in capital	1,474	1,467	1,444	1,426	1,415
Shareholder note receivable	−2	−2	−4	−5	−4
Accumulated other comprehensive loss, net of income tax	−2	−32	7	−9	−2
Retained deficit	−821	−300	−279	−217	−178
Total shareholders equity attributable to Krispy Kreme, Inc.	650	1,135	1,170	1,196	1,232
Noncontrolling interest	3	3	66	75	104
Total shareholders equity	653	1,137	1,236	1,271	1,336
Total liabilities, mezzanine equity, and shareholders equity	2,593	3,072	3,241	3,149	3,145

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization expense	137	134	126	110	102
Deferred and other income taxes	−36	3	−18	−14	−3
Goodwill impairment	356	0	0	—	—
Loss on extinguishment of debt	0	0	472,000	0	2
Long-lived asset impairment and lease termination charges	76	4	25	18	4
Loss on disposal of property and equipment	2	1	110,000	393,000	458,000
Gain on refranchising	−1	0	0	—	—
Gain on remeasurement of equity method investment	0	−6	0	0	—
Gain on sale-leaseback	−7	−2	−10	−7	−9
Share-based compensation	13	35	24	18	23
Change in accounts and notes receivable allowances	1	646,000	654,000	570,000	275,000
Inventory write-off	6	3	11	900,000	4
Settlement of interest rate swap derivatives	0	0	8	8	0
Amortization related to settlement of interest rate swap derivatives	0	−6	−10	0	0
Other	2	−619,000	2	2	594,000
Accounts, notes, and taxes receivable	5	−14	−4	−9	−4
Inventories	−20	−2	780,000	−13	−301,000
Other current and noncurrent assets	−4	−873,000	−2	−2	−316,000
Operating lease assets and liabilities	−943,000	−1	5	−793,000	8
Accounts payable and accrued liabilities	15	−20	−74	32	30
Other long-term obligations and deferred credits	677,000	3	−2	3	−493,000
Net cash provided by operating activities	34	46	46	140	141
Purchase of property and equipment	−98	−121	−121	−112	−119
Proceeds from disposals of assets	3	183,000	218,000	1	218,000
Proceeds from sale-leaseback	11	6	10	8	11
Acquisition of shops and franchise rights from franchisees, net of cash acquired	0	−32	0	−17	−46
Purchase of equity method investment	−3	−4	−1	−989,000	0
Net proceeds from divestiture of Insomnia Cookies	75	124	0	0	—
Principal payment received from loan to Insomnia Cookies	0	45	0	0	—
Principal payments received from loans to franchisees	1	985,000	20,000	59,000	92,000
Disbursement for loan receivable	1	1	0	975,000	0
Net cash (used for)/provided by investing activities	−12	19	−113	−121	−153
Proceeds from the issuance of debt	779	676	1,176	149	695
Repayment of long-term debt and lease obligations	−729	−713	−1,084	−101	−1,147
Payment of financing costs	−825,000	0	−5	0	−2
Proceeds from structured payables	291	376	241	282	267
Payments on structured payables	−335	−345	−215	−294	−288
Payment of contingent consideration related to a business combination	0	0	−925,000	−900,000	0
Capital contribution from shareholders, net of loans issued	0	919,000	764,000	−288,000	121
Proceeds from sale of noncontrolling interest in subsidiary	0	2	292,000	593,000	53
Distribution to shareholders	−12	−24	−24	−23	−48
Payments for repurchase and retirement of common stock	−1	−5	−2	−4	−139
Distribution to noncontrolling interest	−36,000	−42	−16	−12	−23
Net cash (used for)/provided by financing activities	−8	−74	72	−17	16
Effect of exchange rate changes on cash, cash equivalents and restricted cash	−446,000	−462,000	−2	−5	−2
Net increase/(decrease) in cash, cash equivalents and restricted cash	14	−9	3	−3	2
(Decrease)/increase in accrual for property and equipment	−18	14	52	21	−1
Accrual for distribution to shareholders	0	−6	−6	−6	−7

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro