Krispy Kreme, Inc. Earnings Per Share Disclosure
Fiscal Years Ended | |||||||||||||||||
(in thousands, except per share amounts) | December 29, 2024 | December 31, 2023 | January 1, 2023 | ||||||||||||||
Net income/(loss) attributable to Krispy Kreme, Inc. | $ | 3,095 | $ | (37,925) | $ | (15,622) | |||||||||||
Adjustment to net income/(loss) attributable to common shareholders | — | — | (374) | ||||||||||||||
Net income/(loss) attributable to common shareholders — Basic | $ | 3,095 | $ | (37,925) | $ | (15,996) | |||||||||||
Additional income attributed to noncontrolling interest due to subsidiary potential common shares | (20) | (28) | (143) | ||||||||||||||
Net income/(loss) attributable to common shareholders — Diluted | $ | 3,075 | $ | (37,953) | $ | (16,139) | |||||||||||
| Basic weighted average common shares outstanding | 169,341 | 168,289 | 167,471 | ||||||||||||||
| Dilutive effect of outstanding common stock options, RSUs, and PSUs | 2,159 | — | — | ||||||||||||||
Diluted weighted average common shares outstanding | 171,500 | 168,289 | 167,471 | ||||||||||||||
Earnings/(loss) per share attributable to common shareholders: | |||||||||||||||||
Basic | $ | 0.02 | $ | (0.23) | $ | (0.10) | |||||||||||
Diluted | $ | 0.02 | $ | (0.23) | $ | (0.10) | |||||||||||
Fiscal Years Ended | |||||||||||||||||
(in thousands) | December 29, 2024 | December 31, 2023 | January 1, 2023 | ||||||||||||||
KKI | 1,421 | 6,785 | 4,946 | ||||||||||||||
KK U.K. | 7 | 7 | 60 | ||||||||||||||
Insomnia Cookies | — | 47 | — | ||||||||||||||
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About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.