Krispy Kreme Inc(NASDAQ:DNUT) 
Krispy Kreme, Inc. is an American doughnut company and coffeehouse chain. Krispy Kreme was founded by Vernon Rudolph, who bought a yeast-raised recipe from a New Orleans chef, rented a building in 1937 in what is now historic Old Salem in Winston-Salem, North Carolina, and began selling to local gro...
Website: https://www.krispykreme.com/
Founded: 1937
Founder: Vernon Rudolph
CEO: Joshua Charlesworth
Sector: Consumer Cyclical
Industry: Restaurant
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At a glance:
- Growth Focused on New Access Points (DFD and Retail Partnerships): Krispy Kreme continues to emphasize expanding distribution through Delivered Fresh Daily (DFD) hubs, grocery/convenience placements, and quick-service partnerships to increase points of access without relying solely on new shops.
- Profitability Sensitive to Input Costs and Operational Execution: Margins are influenced by commodities (sugar, flour, oils), labor, and logistics costs; productivity improvements and mix toward higher-margin channels are key levers for earnings performance.
- Leverage and Liquidity Remain Key Investor Watch Items: The company carries meaningful debt, making interest expense, refinancing conditions, and free-cash-flow generation important factors for equity performance and valuation.
- Brand Strength Supports Demand, but Indulgent Category Is Cyclical: Krispy Kreme benefits from strong brand recognition and impulse-driven demand, though discretionary spending swings and changing consumer preferences can affect traffic and volumes.
- International and Franchise/License Footprint Provides Expansion Optionality: A mix of company-operated and franchise/license markets offers potential for capital-light growth, but results can vary by region based on consumer demand, supply chain capabilities, and partner execution.
Bull Thesis:
- Robust Global Expansion & Hub-and-Spoke Model: Krispy Kreme is aggressively expanding its international footprint, entering new markets and growing existing ones. Their 'hub-and-spoke' distribution model allows for efficient fresh daily delivery to a wide network of points of access (POAs) without requiring full production facilities everywhere, driving scalable growth.
- Strong Brand Equity and Customer Loyalty: The company benefits from an iconic, globally recognized brand with a highly differentiated product that fosters strong customer loyalty. This brand power allows for premium pricing and resilient demand, even in competitive markets.
- Increasing Points of Access (POAs) and Digital Growth: Krispy Kreme continues to significantly increase its POAs through partnerships with grocery stores, convenience stores, and other retailers, vastly expanding its distribution reach beyond its own shops. Investments in digital ordering, delivery partnerships, and loyalty programs are also driving sales and enhancing customer engagement.
Bear Thesis:
- High Debt Load and Inconsistent Profitability: Krispy Kreme carries a significant debt burden, which can constrain financial flexibility and increase interest expenses. Despite revenue growth, the company has struggled with consistent net profitability, often reporting losses, raising concerns about its long-term financial health and ability to service debt.
- Intense Competition and Shifting Consumer Preferences: The company operates in a highly competitive quick-service restaurant (QSR) and snack food market, facing rivals from other donut chains, coffee shops, bakeries, and convenience stores. Additionally, growing consumer trends towards healthier eating and wellness could pose a long-term challenge to demand for indulgent products.
- Commodity Price Volatility and Margin Pressure: Krispy Kreme is exposed to fluctuating prices of key ingredients such as sugar, flour, and cooking oil. Volatility in these commodity prices, coupled with rising labor and transportation costs, can put significant pressure on gross margins and overall profitability, making it challenging to maintain consistent financial performance.
- Execution Risk in Rapid Global Expansion: While global expansion is a growth driver, rapid entry into diverse international markets carries inherent execution risks. These include challenges in adapting to local tastes and preferences, navigating complex regulatory environments, managing intricate global supply chains, and effectively competing with established local players.
Main Competitors:
- Dunkin' (Donuts, coffee, breakfast sandwiches), A direct and primary competitor in the donut and coffee market, Dunkin' offers a wide range of similar products, including various donut flavors, coffee beverages, and breakfast items. They compete heavily on convenience, value, and a strong presence in daily breakfast and snack routines.
- Starbucks Corporation ($SBUX) (Coffee, espresso beverages, pastries, breakfast items), While not primarily a donut shop, Starbucks competes for the premium coffee and breakfast/snack market. Its extensive selection of pastries, muffins, and breakfast sandwiches, coupled with its strong brand and widespread locations, draws customers who might otherwise choose Krispy Kreme for a treat or morning meal.
- McDonald's Corporation ($MCD) (McCafé coffee, breakfast sandwiches, baked goods), McDonald's competes in the fast-food breakfast and snack segment, offering convenient and value-oriented coffee and baked goods through its McCafé line. Items like their apple fritters, blueberry muffins, and various cookies directly compete with Krispy Kreme for quick, affordable treats and breakfast options.
- Grocery Store Bakeries (Freshly baked donuts, pastries, cakes, breads), In-store bakeries at major grocery chains (e.g., Walmart, Kroger, Albertsons) offer a wide variety of fresh donuts and baked goods, often at competitive prices. They appeal to customers doing their regular shopping, providing a convenient option for fresh treats for home, office, or events, directly competing with Krispy Kreme's retail and bulk sales.
Moat:
Krispy Kreme's competitive landscape is diverse, extending beyond direct donut rivals to include a broad spectrum of food service providers vying for breakfast, snack, and treat occasions. Its primary moat lies in its iconic brand, the unique 'Hot Light' experience, and the distinct, melt-in-your-mouth quality of its Original Glazed donut. Competitors like Dunkin' challenge on product variety, convenience, and loyalty programs, while Starbucks competes for the premium coffee and pastry segment. Fast-food giants like McDonald's offer value and speed in the breakfast market, and grocery store bakeries provide convenience and competitive pricing for bulk purchases. Krispy Kreme differentiates itself by emphasizing the freshness and experience of its signature product, but faces the ongoing challenge of expanding its market reach and product offerings while maintaining its core brand identity and competing effectively on price and convenience in a highly fragmented and competitive food industry.
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-29 | 2025-12-28 | 2025-09-28 | 2025-06-29 | 2025-03-30 | 2024-12-29 | 2024-09-29 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-10-01 | 2023-07-02 | 2023-04-02 | 2023-01-01 | 2022-10-02 | 2022-07-03 | 2022-04-03 | 2022-01-02 | 2021-10-03 | 2021-07-04 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net revenues | ||||||||||||||||||||
product sales | 357,438,000 | 382,563,000 | 365,701,000 | 371,377,000 | 366,479,000 | 394,193,000 | 370,662,000 | 429,411,000 | 433,512,000 | 441,399,000 | 398,745,000 | 400,348,000 | 410,674,000 | 395,837,000 | 370,216,000 | 367,777,000 | 364,052,000 | 364,334,000 | 334,324,000 | 341,223,000 |
yoy | -2.47% | -2.95% | -1.34% | -13.51% | -15.46% | -10.69% | -7.04% | 7.26% | 5.56% | 11.51% | 7.71% | 8.86% | 12.81% | 8.65% | 10.74% | 7.78% | ||||
qoq | -6.57% | 4.61% | -1.53% | 1.34% | -7.03% | 6.35% | -13.68% | -0.95% | -1.79% | 10.70% | -0.40% | -2.51% | 3.75% | 6.92% | 0.66% | 1.02% | -0.08% | 8.98% | -2.02% | |
royalties and other revenues | 9,596,000 | 9,804,000 | 9,597,000 | 8,390,000 | 8,705,000 | 9,830,000 | 9,205,000 | 9,398,000 | 9,186,000 | 9,506,000 | 8,622,000 | 8,534,000 | 8,276,000 | 8,762,000 | 7,306,000 | 7,468,000 | 8,480,000 | 6,263,000 | 8,475,000 | 7,963,000 |
total net revenues | 367,034,000 | 392,367,000 | 375,298,000 | 379,767,000 | 375,184,000 | 404,023,000 | 379,867,000 | 438,809,000 | 442,698,000 | 450,905,000 | 407,367,000 | 408,882,000 | 418,950,000 | 404,599,000 | 377,522,000 | 375,245,000 | 372,532,000 | 370,597,000 | 342,799,000 | 349,186,000 |
product and distribution costs | 88,330,000 | 92,990,000 | 96,214,000 | 92,627,000 | 90,736,000 | 98,476,000 | 95,840,000 | 107,846,000 | 107,015,000 | 112,951,000 | 101,353,000 | 111,106,000 | 117,833,000 | 106,688,000 | 102,870,000 | 100,558,000 | 96,111,000 | 96,927,000 | 92,152,000 | 85,017,000 |
operating expenses | 188,106,000 | 193,530,000 | 195,939,000 | 210,712,000 | 198,843,000 | 200,190,000 | 192,027,000 | 212,504,000 | 205,195,000 | 200,636,000 | 195,380,000 | 189,165,000 | 191,408,000 | 184,027,000 | 177,592,000 | 173,942,000 | 168,726,000 | 167,506,000 | 157,315,000 | 157,877,000 |
selling, general and administrative expense | 58,033,000 | 54,552,000 | 49,393,000 | 62,920,000 | 59,405,000 | 67,153,000 | 71,110,000 | 64,466,000 | 71,574,000 | 74,508,000 | 68,305,000 | 62,582,000 | 61,468,000 | 62,932,000 | 54,801,000 | 51,754,000 | 53,711,000 | 58,977,000 | 52,950,000 | 60,930,000 |
marketing expenses | 10,119,000 | 10,853,000 | 11,796,000 | 12,185,000 | 10,239,000 | 12,484,000 | 10,680,000 | 12,416,000 | 12,115,000 | 13,771,000 | 12,478,000 | 9,770,000 | 9,853,000 | 10,197,000 | 10,995,000 | 11,215,000 | 10,159,000 | 7,868,000 | 12,062,000 | 10,052,000 |
pre-opening costs | 194,000 | 510,000 | 666,000 | 1,471,000 | 929,000 | 720,000 | 619,000 | 967,000 | 1,105,000 | 1,193,000 | 1,059,000 | 1,104,000 | 764,000 | 713,000 | 1,200,000 | 985,000 | 1,329,000 | 1,233,000 | 1,192,000 | 1,752,000 |
other asset impairments | 1,888,000 | |||||||||||||||||||
gain on refranchising | -8,885,000 | |||||||||||||||||||
other expenses | 759,000 | 1,400,000 | -849,000 | -1,512,750 | -1,102,000 | -5,737,000 | -359,000 | -761,000 | ||||||||||||
depreciation and amortization expense | 32,115,000 | 33,945,000 | 33,446,000 | 35,782,000 | 33,901,000 | 34,035,000 | 31,376,000 | 34,600,000 | 33,586,000 | 36,752,000 | 32,007,000 | 29,196,000 | 27,939,000 | 26,479,000 | 28,127,000 | 27,814,000 | 27,841,000 | 27,350,000 | 25,663,000 | 25,194,000 |
operating income | -3,625,000 | -7,270,000 | -7,180,000 | -434,551,000 | -20,269,000 | -11,498,000 | -16,004,000 | 6,859,000 | 11,908,000 | -5,335,000 | -2,113,000 | 5,645,000 | 14,948,000 | 5,206,000 | -1,027,000 | 7,508,000 | 17,288,000 | 16,473,000 | 1,824,000 | 9,125,000 |
yoy | -82.12% | -36.77% | -55.14% | -6435.49% | -270.21% | 115.52% | 657.41% | 21.51% | -20.34% | -202.48% | 105.74% | -24.81% | -13.54% | -68.40% | -156.30% | -17.72% | ||||
qoq | -50.14% | 1.25% | -98.35% | 2043.92% | 76.28% | -28.16% | -333.33% | -42.40% | -323.21% | 152.48% | -137.43% | -62.24% | 187.13% | -606.91% | -113.68% | -56.57% | 4.95% | 803.13% | -80.01% | |
operating margin % | -1.01% | -1.90% | -1.96% | -117.01% | -5.53% | -2.92% | -4.32% | 1.60% | 2.75% | -1.21% | -0.53% | 1.41% | 3.64% | 1.32% | -0.28% | 2.04% | 4.75% | 4.52% | 0.55% | 2.67% |
interest expense | 15,624,000 | 16,545,000 | 16,358,000 | 16,696,000 | 16,196,000 | 15,598,000 | 16,280,000 | 14,452,000 | 13,736,000 | 13,483,000 | 12,807,000 | 12,063,000 | 11,988,000 | 10,294,000 | 8,871,000 | 7,586,000 | 7,351,000 | 7,394,000 | 7,186,000 | 9,793,000 |
other non-operating income | -159,000 | -321,000 | -416,000 | |||||||||||||||||
income before income taxes | -19,090,000 | -24,009,000 | -22,947,000 | -461,571,000 | -36,072,000 | -24,539,000 | 55,251,000 | -8,542,000 | -2,401,000 | -19,585,000 | -15,891,000 | -7,479,000 | 1,961,000 | -6,041,000 | -11,546,000 | -834,000 | 10,258,000 | 6,762,000 | -6,094,000 | -5,073,000 |
income tax expense | 3,583,000 | 5,116,000 | -2,816,000 | -20,453,000 | -2,667,000 | -2,376,000 | 17,679,000 | -3,611,000 | 4,262,000 | -21,468,000 | 24,367,000 | -7,563,000 | 317,000 | -5,056,000 | 294,000 | 1,574,000 | 3,800,000 | 2,479,000 | -2,342,000 | 9,923,000 |
net income | -22,673,000 | -29,125,000 | -20,131,000 | -441,118,000 | -33,405,000 | -22,163,000 | 37,572,000 | -4,931,000 | -6,663,000 | 1,883,000 | -40,258,000 | 84,000 | 1,644,000 | -985,000 | -11,840,000 | -2,408,000 | 6,458,000 | 4,283,000 | -3,752,000 | -14,996,000 |
yoy | -32.13% | 31.41% | -153.58% | 8845.81% | 401.35% | -1277.00% | -193.33% | -5970.24% | -505.29% | -291.17% | 240.02% | -103.49% | -74.54% | -123.00% | 215.57% | -83.94% | ||||
qoq | -22.15% | 44.68% | -95.44% | 1220.51% | 50.72% | -158.99% | -861.95% | -25.99% | -453.85% | -104.68% | -48026.19% | -94.89% | -266.90% | -91.68% | 391.69% | -137.29% | 50.78% | -214.15% | -74.98% | |
net income margin % | -6.34% | -7.61% | -5.50% | -118.78% | -9.12% | -5.62% | 10.14% | -1.15% | -1.54% | 0.43% | -10.10% | 0.02% | 0.40% | -0.25% | -3.20% | -0.65% | 1.77% | 1.18% | -1.12% | -4.39% |
net income attributable to noncontrolling interest | 111,000 | -1,346,000 | -687,000 | -5,858,000 | -121,000 | 280,000 | -1,991,000 | 560,000 | 1,871,000 | -727,000 | 199,000 | -139,000 | 1,945,000 | 1,734,000 | 1,216,000 | 1,441,000 | 2,456,000 | 2,927,000 | 1,907,000 | 2,146,000 |
net loss attributable to krispy kreme, inc. | -22,784,000 | -435,260,000 | -33,284,000 | -8,534,000 | 2,610,000 | -40,457,000 | -2,719,000 | -13,056,000 | 1,356,000 | -5,659,000 | -17,142,000 | |||||||||
net income per share | ||||||||||||||||||||
common stock — basic | -0.16 | -0.715 | -0.11 | -2.55 | -0.2 | 0.038 | 0.23 | -0.03 | -0.05 | -0.06 | -0.24 | -0.02 | -0.08 | -0.02 | 0.02 | -0.05 | -0.04 | -0.13 | ||
common stock — diluted | -0.16 | -0.715 | -0.11 | -2.55 | -0.2 | 0.038 | 0.23 | -0.03 | -0.05 | -0.06 | -0.24 | -0.02 | -0.08 | -0.02 | 0.02 | -0.05 | -0.04 | -0.13 | ||
weighted-average shares outstanding: | ||||||||||||||||||||
basic | 172,019 | 170,923 | 171,164 | 170,802 | 170,291 | 169,341 | 169,596 | 169,095 | 168,685 | 168,289 | 168,224 | 168,184 | 168,141 | 167,471 | 167,431 | 167,367 | 167,261 | 147,654,548 | 166,033,539 | 132,351,087 |
diluted | 172,019 | 170,923 | 171,164 | 170,802 | 170,291 | 171,500 | 171,486 | 169,095 | 168,685 | 168,289 | 168,224 | 170,659 | 168,141 | 167,471 | 167,431 | 167,367 | 169,485 | 147,654,548 | 166,033,539 | 132,351,087 |
goodwill and other asset impairments | 20,523,000 | 4,805,000 | 406,932,000 | |||||||||||||||||
other income | -7,266,000 | -9,781,000 | -8,311,000 | -1,607,500 | -5,781,000 | -5,263,000 | -2,633,000 | |||||||||||||
loss on divestiture of insomnia cookies | 11,501,000 | |||||||||||||||||||
other non-operating expense | 194,000 | -591,000 | -1,177,000 | -393,000 | 770,000 | -407,000 | 949,000 | 573,000 | 767,000 | 971,000 | 1,061,000 | 999,000 | 953,000 | 1,648,000 | 756,000 | 2,317,000 | 732,000 | |||
net income attributable to krispy kreme, inc. | -27,779,000 | -19,444,000 | -22,443,000 | 39,563,000 | -5,491,000 | 223,000 | -301,000 | -3,849,000 | 4,002,000 | |||||||||||
gain on divestiture of insomnia cookies | -3,327,000 | -87,128,000 | ||||||||||||||||||
other expenses/(income) | 200,000 | 8,357,000 | 2,964,000 | 1,469,000 | ||||||||||||||||
other incomes/(income) | 314,000 | |||||||||||||||||||
net income/(loss) per share: | ||||||||||||||||||||
interest expense — related party | 2,596,750 | 4,821,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-29 | 2025-12-28 | 2025-09-28 | 2025-06-29 | 2025-03-30 | 2024-12-29 | 2024-09-29 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-10-01 | 2023-07-02 | 2023-04-02 | 2023-01-01 | 2022-10-02 | 2022-07-03 | 2022-04-03 | 2022-01-02 | 2021-10-03 | 2021-07-04 |
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assets | ||||||||||||||||||||
current assets: | ||||||||||||||||||||
cash and cash equivalents | 74,218,000 | 42,390,000 | 30,707,000 | 21,264,000 | 18,722,000 | 28,962,000 | 25,410,000 | 28,625,000 | 33,132,000 | 38,185,000 | 25,711,000 | 26,635,000 | 29,675,000 | 35,371,000 | 28,096,000 | 25,796,000 | 31,615,000 | 38,562,000 | 44,895,000 | 37,377,000 |
restricted cash | 490,000 | 501,000 | 445,000 | 559,000 | 445,000 | 353,000 | 474,000 | 483,000 | 480,000 | 429,000 | 430,000 | 339,000 | 409,000 | 359,000 | 403,000 | 411,000 | 676,000 | 630,000 | 193,000 | 82,000 |
accounts receivable | 53,462,000 | 61,611,000 | 53,837,000 | 57,252,000 | 69,315,000 | 67,722,000 | 62,019,000 | 57,348,000 | 57,287,000 | 59,362,000 | 49,854,000 | 49,381,000 | 52,053,000 | 51,089,000 | 46,941,000 | 45,027,000 | 44,705,000 | 47,491,000 | 60,069,000 | 49,207,000 |
inventories | 27,218,000 | 26,877,000 | 28,077,000 | 33,697,000 | 31,524,000 | 28,133,000 | 31,486,000 | 39,461,000 | 39,257,000 | 34,716,000 | 35,063,000 | 33,977,000 | 36,389,000 | 46,239,000 | 49,406,000 | 47,420,000 | 41,045,000 | 34,851,000 | 36,141,000 | 38,500,000 |
taxes receivable | 10,983,000 | 10,854,000 | 19,617,000 | 18,012,000 | 16,927,000 | 16,155,000 | 19,406,000 | 18,143,000 | 18,397,000 | 15,526,000 | 17,886,000 | 17,354,000 | 15,970,000 | 18,263,000 | 16,537,000 | 14,614,000 | 11,723,000 | 14,662,000 | ||
current assets held for sale | 1,886,000 | 13,294,000 | ||||||||||||||||||
prepaid expense and other current assets | 18,606,000 | 18,927,000 | 29,107,000 | 23,774,000 | 21,053,000 | 31,615,000 | 25,531,000 | 24,110,000 | 25,461,000 | 25,363,000 | 31,118,000 | 31,635,000 | 21,138,000 | 26,953,000 | 33,126,000 | 29,264,000 | 19,894,000 | 20,701,000 | 22,068,000 | 20,911,000 |
total current assets | 186,863,000 | 174,454,000 | 161,790,000 | 154,558,000 | 157,986,000 | 172,940,000 | 164,326,000 | 168,170,000 | 174,014,000 | 173,581,000 | 160,062,000 | 159,321,000 | 155,634,000 | 178,274,000 | 174,509,000 | 162,532,000 | 149,658,000 | 156,897,000 | 163,980,000 | 146,821,000 |
property and equipment | 383,289,000 | 460,935,000 | 491,266,000 | 509,387,000 | 539,014,000 | 511,139,000 | 489,782,000 | 551,406,000 | 543,100,000 | 538,220,000 | 517,528,000 | 492,233,000 | 475,510,000 | 472,358,000 | 450,954,000 | 443,898,000 | 442,509,000 | 438,918,000 | 423,547,000 | 415,319,000 |
goodwill | 669,271,000 | 712,264,000 | 708,371,000 | 711,780,000 | 1,052,636,000 | 1,047,581,000 | 1,060,393,000 | 1,096,249,000 | 1,098,826,000 | 1,101,939,000 | 1,092,000,000 | 1,099,393,000 | 1,093,898,000 | 1,087,908,000 | 1,074,241,000 | 1,083,199,000 | 1,105,123,000 | 1,105,322,000 | 1,089,914,000 | 1,095,369,000 |
other intangible assets | 733,102,000 | 797,749,000 | 803,587,000 | 812,344,000 | 813,869,000 | 819,934,000 | 831,735,000 | 927,714,000 | 938,847,000 | 946,349,000 | 949,463,000 | 960,094,000 | 963,549,000 | 966,088,000 | 966,358,000 | 969,319,000 | 985,544,000 | 992,520,000 | 993,440,000 | 1,003,948,000 |
operating lease right of use assets | 337,452,000 | |||||||||||||||||||
investments in unconsolidated entities | 22,084,000 | 7,413,000 | 6,715,000 | 6,077,000 | 90,774,000 | 91,070,000 | 91,033,000 | |||||||||||||
noncurrent assets held for sale | 31,056,000 | |||||||||||||||||||
other assets | 54,494,000 | 13,565,000 | 18,010,000 | 17,726,000 | 18,979,000 | 19,497,000 | 18,430,000 | 23,823,000 | 22,721,000 | 23,539,000 | 19,581,000 | 19,826,000 | 22,904,000 | 26,528,000 | 25,788,000 | 21,761,000 | 18,046,000 | 16,429,000 | 17,165,000 | 18,027,000 |
total assets | 2,386,555,000 | 2,592,959,000 | 2,599,845,000 | 2,630,474,000 | 3,089,323,000 | 3,072,030,000 | 3,065,124,000 | 3,223,486,000 | 3,234,318,000 | 3,240,592,000 | 3,187,203,000 | 3,174,144,000 | 3,144,847,000 | 3,148,537,000 | 3,101,851,000 | 3,099,920,000 | 3,133,254,000 | 3,145,254,000 | 3,102,658,000 | 3,093,580,000 |
liabilities, mezzanine equity, and shareholders’ equity | ||||||||||||||||||||
current liabilities: | ||||||||||||||||||||
current portion of long-term debt | 58,716,000 | 65,977,000 | 73,255,000 | 67,603,000 | 54,629,000 | 56,356,000 | 47,577,000 | 59,827,000 | 60,326,000 | 54,631,000 | 43,492,000 | 40,722,000 | 40,216,000 | 40,034,000 | 40,243,000 | 39,844,000 | 36,667,000 | 36,583,000 | 38,608,000 | 538,985,000 |
current operating lease liabilities | 44,739,000 | 51,213,000 | 47,744,000 | 46,979,000 | 50,895,000 | 46,620,000 | 45,767,000 | 54,937,000 | 50,275,000 | 50,365,000 | 49,408,000 | 42,932,000 | 39,963,000 | 43,160,000 | 45,551,000 | 45,936,000 | 49,474,000 | 50,359,000 | 42,637,000 | 46,763,000 |
accounts payable | 130,713,000 | 134,384,000 | 116,536,000 | 97,442,000 | 117,181,000 | 123,316,000 | 123,125,000 | 135,197,000 | 128,555,000 | 156,488,000 | 178,725,000 | 216,407,000 | 205,154,000 | 225,276,000 | 188,059,000 | 187,516,000 | 171,005,000 | 182,104,000 | 170,780,000 | 156,564,000 |
accrued liabilities | 120,637,000 | 99,805,000 | 103,671,000 | 110,866,000 | 115,025,000 | 124,212,000 | 119,832,000 | 114,269,000 | 117,093,000 | 134,005,000 | 164,577,000 | 96,199,000 | 82,961,000 | 104,424,000 | 111,818,000 | 108,497,000 | 105,727,000 | 140,750,000 | 132,638,000 | 165,826,000 |
current liabilities held for sale | 13,535,000 | |||||||||||||||||||
structured payables | 91,169,000 | 92,366,000 | 107,727,000 | 134,721,000 | 111,726,000 | 135,668,000 | 139,170,000 | 129,344,000 | 133,809,000 | 130,104,000 | 88,838,000 | 50,447,000 | 77,742,000 | 103,575,000 | 123,331,000 | 135,542,000 | 132,374,000 | 116,361,000 | 108,969,000 | 139,748,000 |
total current liabilities | 445,974,000 | 457,280,000 | 448,933,000 | 457,611,000 | 449,456,000 | 486,172,000 | 475,471,000 | 493,574,000 | 490,058,000 | 525,593,000 | 525,040,000 | 446,707,000 | 446,036,000 | 516,469,000 | 509,002,000 | 517,335,000 | 495,247,000 | 526,157,000 | 493,632,000 | 1,047,886,000 |
long-term debt, less current portion | 829,653,000 | 911,852,000 | 906,208,000 | 889,442,000 | 934,967,000 | 844,547,000 | 804,638,000 | 894,979,000 | 881,778,000 | 836,615,000 | 827,429,000 | 814,476,000 | 776,975,000 | 739,052,000 | 738,504,000 | 686,013,000 | 680,693,000 | 680,307,000 | 682,676,000 | 626,417,000 |
noncurrent operating lease liabilities | 341,276,000 | 395,895,000 | 410,526,000 | 419,388,000 | 410,219,000 | 405,366,000 | 406,726,000 | 453,338,000 | 454,265,000 | 454,583,000 | 441,732,000 | 439,103,000 | 432,008,000 | 412,759,000 | 400,594,000 | 407,141,000 | 413,765,000 | 415,208,000 | 397,640,000 | 390,962,000 |
deferred income taxes | 97,203,000 | 96,236,000 | 92,895,000 | 99,774,000 | 118,992,000 | 130,745,000 | 119,291,000 | 115,800,000 | 123,203,000 | 123,925,000 | 109,925,000 | 134,130,000 | 142,304,000 | 143,124,000 | 140,244,000 | 142,361,000 | 149,605,000 | 145,418,000 | 155,982,000 | 150,687,000 |
noncurrent liabilities held for sale | 11,816,000 | |||||||||||||||||||
other long-term obligations and deferred credits | 39,186,000 | 42,919,000 | 47,441,000 | 46,070,000 | 44,272,000 | 40,768,000 | 49,858,000 | 36,538,000 | 37,127,000 | 36,093,000 | 34,067,000 | 33,453,000 | 40,374,000 | 38,258,000 | 39,784,000 | 38,088,000 | 38,552,000 | 42,509,000 | 53,008,000 | 55,822,000 |
total liabilities | 1,753,292,000 | 1,915,998,000 | 1,906,003,000 | 1,912,285,000 | 1,957,906,000 | 1,907,598,000 | 1,855,984,000 | 1,994,229,000 | 1,986,431,000 | 1,976,809,000 | 1,938,193,000 | 1,867,869,000 | 1,837,697,000 | 1,849,662,000 | 1,828,128,000 | 1,790,938,000 | 1,777,862,000 | 1,809,599,000 | 1,782,938,000 | 2,271,774,000 |
commitments and contingencies | ||||||||||||||||||||
mezzanine equity: | ||||||||||||||||||||
redeemable noncontrolling interest | 24,181,000 | |||||||||||||||||||
total mezzanine equity | 24,181,000 | |||||||||||||||||||
shareholders’ equity: | ||||||||||||||||||||
common stock, 0.01 par value... | 1,721,000 | 1,716,000 | 1,713,000 | 1,710,000 | 1,703,000 | 1,701,000 | 1,698,000 | 1,694,000 | 1,687,000 | 1,686,000 | 1,686,000 | 1,682,000 | 1,682,000 | 1,681,000 | 1,674,000 | 1,674,000 | 1,673,000 | 1,673,000 | 1,671,000 | 1,636,000 |
additional paid-in capital | 1,471,361,000 | 1,473,644,000 | 1,473,218,000 | 1,472,845,000 | 1,468,883,000 | 1,466,508,000 | 1,460,416,000 | 1,453,944,000 | 1,449,773,000 | 1,443,591,000 | 1,437,488,000 | 1,432,150,000 | 1,431,649,000 | 1,426,105,000 | 1,422,850,000 | 1,420,410,000 | 1,419,831,000 | 1,415,185,000 | 1,410,724,000 | 1,362,875,000 |
shareholder note receivable | -1,306,000 | -1,791,000 | -1,788,000 | -1,785,000 | -1,782,000 | -1,906,000 | -1,924,000 | -2,865,000 | -3,629,000 | -3,850,000 | -3,820,000 | -3,809,000 | -4,830,000 | -4,813,000 | -4,812,000 | -4,573,000 | -4,190,000 | -4,382,000 | -4,216,000 | -3,827,000 |
accumulated other comprehensive income, net of income tax | 4,180,000 | -32,128,000 | -9,276,000 | -12,594,000 | -1,208,000 | 13,090,000 | 1,304,000 | |||||||||||||
retained deficit | -844,170,000 | -821,387,000 | -793,608,000 | -774,164,000 | -338,891,000 | -299,638,000 | -271,238,000 | -304,840,000 | -293,430,000 | -278,990,000 | -275,698,000 | -229,340,000 | -223,674,000 | -217,490,000 | -208,886,000 | -189,970,000 | -180,261,000 | -178,409,000 | -173,911,000 | -162,399,000 |
total shareholders’ equity attributable to krispy kreme, inc. | 631,786,000 | 650,123,000 | 670,266,000 | 693,591,000 | 1,101,631,000 | 1,134,537,000 | 1,179,676,000 | 1,135,339,000 | 1,153,193,000 | 1,169,683,000 | 1,152,140,000 | 1,208,467,000 | 1,203,909,000 | 1,196,332,000 | 1,173,446,000 | 1,206,894,000 | 1,250,143,000 | 1,231,589,000 | 1,227,561,000 | 728,339,000 |
noncontrolling interest | 1,477,000 | 2,657,000 | 23,576,000 | 24,598,000 | 29,786,000 | 29,895,000 | 29,464,000 | 93,918,000 | 94,694,000 | 94,100,000 | 96,870,000 | 97,808,000 | 103,241,000 | 102,543,000 | 100,277,000 | 102,088,000 | 105,249,000 | 104,066,000 | 92,159,000 | 93,467,000 |
total shareholders’ equity | 633,263,000 | 652,780,000 | 693,842,000 | 718,189,000 | 1,131,417,000 | 1,164,432,000 | 1,209,140,000 | 1,229,257,000 | 1,247,887,000 | 1,263,783,000 | 1,249,010,000 | 1,306,275,000 | 1,307,150,000 | 1,298,875,000 | 1,273,723,000 | 1,308,982,000 | 1,355,392,000 | 1,335,655,000 | 1,319,720,000 | 821,806,000 |
total liabilities, mezzanine equity, and shareholders’ equity | 2,386,555,000 | 2,592,959,000 | ||||||||||||||||||
operating lease right of use asset | 395,523,000 | 410,106,000 | 418,602,000 | 416,065,000 | 409,869,000 | 409,425,000 | 456,124,000 | 456,810,000 | 456,964,000 | 448,569,000 | 443,277,000 | 433,352,000 | 417,381,000 | 410,001,000 | 419,211,000 | 432,374,000 | 435,168,000 | 414,612,000 | 414,096,000 | |
accumulated other comprehensive loss, net of income tax | -2,059,000 | -9,269,000 | -5,015,000 | -28,282,000 | -7,516,000 | -918,000 | -9,151,000 | -37,380,000 | -20,647,000 | -2,478,000 | -6,707,000 | |||||||||
liabilities and shareholders’ equity | ||||||||||||||||||||
total liabilities and shareholders’ equity | 2,599,845,000 | 2,630,474,000 | 3,089,323,000 | 3,072,030,000 | 3,065,124,000 | 3,223,486,000 | 3,234,318,000 | 3,240,592,000 | 3,187,203,000 | 3,174,144,000 | 3,144,847,000 | 3,148,537,000 | 3,101,851,000 | 3,099,920,000 | 3,133,254,000 | 3,145,254,000 | 3,102,658,000 | 3,093,580,000 | ||
accumulated other comprehensive income/(loss), net of income tax | 7,246,000 | 7,784,000 | ||||||||||||||||||
marketable securities | 614,000 | 744,000 | ||||||||||||||||||
related party notes payable | ||||||||||||||||||||
subscription receivable | -471,250,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-29 | 2025-12-28 | 2025-09-28 | 2025-06-29 | 2025-03-30 | 2024-12-29 | 2024-09-29 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-10-01 | 2023-07-02 | 2023-04-02 | 2023-01-01 | 2022-10-02 | 2022-07-03 | 2022-04-03 | 2022-01-02 | 2021-10-03 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||
net loss | -22,673,000 | -441,118,000 | -33,405,000 | -985,000 | 4,283,000 | -3,752,000 | |||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||
depreciation and amortization expense | 32,115,000 | 33,945,000 | 33,446,000 | 35,782,000 | 33,901,000 | 34,035,000 | 31,376,000 | 34,600,000 | 33,586,000 | 36,752,000 | 32,007,000 | 29,196,000 | 27,939,000 | 26,479,000 | 28,127,000 | 27,814,000 | 27,841,000 | 27,350,000 | 25,663,000 |
deferred and other income taxes | -709,000 | 1,844,000 | -6,611,000 | -20,117,000 | -10,668,000 | 3,089,000 | 5,316,000 | -5,552,000 | 214,000 | ||||||||||
other asset impairments and lease termination charges | 1,889,000 | 4,805,000 | |||||||||||||||||
loss on disposal of property and equipment | 458,000 | 177,000 | 1,063,000 | 214,000 | 189,000 | 780,000 | -49,000 | 33,000 | 637,000 | 255,000 | -523,000 | 24,000 | 301,000 | 9,000 | |||||
gain on refranchising | -8,885,000 | -295,000 | |||||||||||||||||
share-based compensation | 4,639,000 | 4,854,000 | 774,000 | 4,634,000 | 2,603,000 | 10,546,000 | 9,969,000 | 7,648,000 | 6,986,000 | 6,375,000 | 7,452,000 | 4,824,000 | 5,545,000 | 4,852,000 | 2,825,000 | 5,452,000 | 5,041,000 | 5,950,000 | 6,315,000 |
change in accounts and notes receivable allowances | 434,000 | 363,000 | 94,000 | 784,000 | 202,000 | 213,000 | 106,000 | 214,000 | 113,000 | 150,000 | 132,000 | 38,000 | 334,000 | 192,000 | 185,000 | 349,000 | -156,000 | 142,000 | 23,000 |
inventory write-off | -14,000 | -90,000 | 4,923,000 | 647,000 | 848,000 | 1,052,000 | 693,000 | 627,000 | 411,000 | 726,000 | 278,000 | 3,129,000 | 7,115,000 | 480,000 | 137,000 | 0 | 251,000 | 1,088,000 | 2,207,000 |
other | 533,000 | 1,747,000 | -1,907,000 | 999,000 | 1,225,000 | -882,000 | -595,000 | 70,000 | 788,000 | 1,589,000 | -430,000 | 1,200,000 | -204,000 | 1,428,000 | 1,537,000 | 612,000 | -1,345,000 | 909,000 | 110,000 |
change in operating assets and liabilities, excluding business acquisitions and divestitures, and foreign currency translation adjustments | 12,379,000 | ||||||||||||||||||
net cash from operating activities | 20,166,000 | 45,019,000 | 42,282,000 | -32,543,000 | -20,834,000 | 27,045,000 | 3,262,000 | 33,230,000 | -17,705,000 | 1,512,000 | -2,221,000 | 35,888,000 | 10,365,000 | 69,088,000 | 16,807,000 | 25,532,000 | 28,391,000 | 42,436,000 | 41,943,000 |
capital expenditures | -8,784,000 | -17,085,000 | -26,738,000 | -28,209,000 | -25,897,000 | -33,915,000 | -26,142,000 | -31,671,000 | -29,064,000 | -32,822,000 | -34,315,000 | -27,737,000 | -26,553,000 | -36,715,000 | -23,542,000 | -22,000,000 | -29,460,000 | -36,012,000 | -30,643,000 |
free cash flows | 11,382,000 | 27,934,000 | 15,544,000 | -60,752,000 | -46,731,000 | -6,870,000 | -22,880,000 | 1,559,000 | -46,769,000 | -31,310,000 | -36,536,000 | 8,151,000 | -16,188,000 | 32,373,000 | -6,735,000 | 3,532,000 | -1,069,000 | 6,424,000 | 11,300,000 |
cash flows from investing activities: | |||||||||||||||||||
purchase of property and equipment | -8,784,000 | -17,085,000 | -26,738,000 | -28,209,000 | -25,897,000 | -33,915,000 | -26,142,000 | -31,671,000 | -29,064,000 | -32,822,000 | -34,315,000 | -27,737,000 | -26,553,000 | -36,715,000 | -23,542,000 | -22,000,000 | -29,460,000 | -36,012,000 | -30,643,000 |
proceeds from disposals of assets | 24,000 | 16,000 | 221,000 | -16,000 | 864,000 | 8,000 | 16,000 | 55,000 | |||||||||||
net proceeds from refranchising transactions | 111,411,000 | ||||||||||||||||||
purchase of minority interests | -2,600,000 | ||||||||||||||||||
other investing activities | 78,000 | 13,000 | 86,000 | 14,000 | 147,000 | 19,000 | -143,000 | 81,000 | 82,000 | ||||||||||
net cash from investing activities | 100,051,000 | -15,564,000 | -27,518,000 | 56,748,000 | -25,811,000 | -25,465,000 | 109,906,000 | -36,116,000 | -29,045,000 | -34,230,000 | -34,256,000 | -27,656,000 | -16,446,000 | -33,773,000 | -39,422,000 | -21,842,000 | -26,437,000 | -36,691,000 | -30,455,000 |
cash flows from financing activities: | |||||||||||||||||||
proceeds from the issuance of debt | 72,750,000 | 117,512,000 | 144,126,000 | 334,400,000 | 182,500,000 | 186,250,000 | 125,000,000 | 185,500,000 | 179,500,000 | 131,000,000 | 55,500,000 | 97,500,000 | 891,698,000 | 27,500,000 | 68,500,000 | 25,000,000 | 28,000,000 | 25,000,000 | 130,000,000 |
repayment of long-term debt and lease obligations | -159,679,000 | -122,021,000 | -120,687,000 | -370,272,000 | -115,622,000 | -167,086,000 | -238,895,000 | -174,454,000 | -132,343,000 | -119,140,000 | -48,670,000 | -64,436,000 | -852,144,000 | -31,001,000 | -20,001,000 | -21,482,000 | -28,697,000 | -31,139,000 | -574,557,000 |
proceeds from structured payables | 57,398,000 | 48,678,000 | 44,298,000 | 79,144,000 | 118,908,000 | 77,638,000 | 108,389,000 | 88,875,000 | 101,287,000 | 96,049,000 | 71,160,000 | 29,182,000 | 44,757,000 | 62,564,000 | 66,362,000 | 78,917,000 | 74,180,000 | 71,924,000 | 54,329,000 |
payments on structured payables | -58,650,000 | -64,158,000 | -71,190,000 | -56,360,000 | -142,868,000 | -80,981,000 | -73,535,000 | -93,395,000 | -97,416,000 | -55,003,000 | -32,651,000 | -56,440,000 | -70,480,000 | -82,679,000 | -78,248,000 | -75,169,000 | -58,361,000 | -64,562,000 | -84,963,000 |
capital contribution by shareholders, net of loans issued | 130,000 | 0 | 687,000 | 232,000 | 0 | 0 | -261,000 | ||||||||||||
distribution to shareholders | 0 | 0 | -5,973,000 | -5,961,000 | -5,949,000 | -5,936,000 | -5,905,000 | -5,902,000 | -5,901,000 | -5,886,000 | -5,887,000 | -5,884,000 | -5,860,000 | -5,860,000 | -5,855,000 | -5,855,000 | -5,853,000 | -7,970,000 | |
payments for repurchase and retirement of common stock | -402,000 | -166,000 | -397,000 | -664,000 | -123,000 | -1,123,000 | -91,000 | -3,471,000 | -804,000 | -271,000 | -1,462,000 | -1,594,000 | -62,000 | -897,000 | -1,466,000 | -602,000 | -35,803,000 | ||
distribution to noncontrolling interest | 350,000 | 0 | 0 | 0 | -36,000 | -6,548,000 | -32,889,000 | -1,169,000 | -977,000 | -2,655,000 | -1,637,000 | -10,107,000 | -1,139,000 | -196,000 | -2,029,000 | -8,134,000 | -1,362,000 | -6,099,000 | -11,239,000 |
net cash from financing activities | -88,103,000 | -20,155,000 | -3,850,000 | -20,550,000 | 36,798,000 | 3,399,000 | -117,593,000 | -3,332,000 | 43,577,000 | 35,429,000 | -9,704,000 | 1,808,000 | -31,083,000 | 28,401,000 | -7,529,000 | -6,627,000 | -11,264,000 | -3,193,000 | |
effect of exchange rate changes on cash, cash equivalents and restricted cash | -297,000 | 2,439,000 | -1,585,000 | -999,000 | -301,000 | -1,548,000 | 1,201,000 | 1,714,000 | -1,829,000 | 862,000 | 215,000 | -1,638,000 | -1,373,000 | 2,999,000 | -3,494,000 | -2,245,000 | -2,228,000 | -377,000 | -666,000 |
net increase in cash, cash equivalents and restricted cash | 31,817,000 | 11,739,000 | 7,231,000 | -6,901,000 | -5,896,000 | 7,629,000 | |||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 42,891,000 | 0 | 0 | 29,315,000 | 0 | 0 | 38,614,000 | 0 | 0 | 35,730,000 | 0 | 0 | 39,192,000 | 0 | |||||
cash, cash equivalents and restricted cash at end of period | 74,708,000 | 9,329,000 | 2,656,000 | 19,167,000 | -3,224,000 | -4,504,000 | 33,612,000 | -833,000 | -3,110,000 | 30,084,000 | 2,292,000 | -6,084,000 | 32,291,000 | 7,629,000 | |||||
supplemental schedule of non-cash investing and financing activities: | |||||||||||||||||||
increase in accrual for property and equipment | 22,980,000 | -6,080,000 | -22,675,000 | 5,500,000 | 4,812,000 | 1,852,000 | 186,000 | 8,263,000 | 3,913,000 | 19,980,000 | 10,740,000 | -104,000 | 4,357,000 | 11,773,000 | -990,000 | 5,489,000 | |||
note receivable issued in connection with refranchising | -40,404,000 | ||||||||||||||||||
accrual for distribution to shareholders | -5,960,000 | -9,000 | -24,000 | -14,000 | -5,905,000 | -1,000 | -15,000 | -2,000 | -5,884,000 | -24,000 | 0 | -5,000 | -5,855,000 | -1,075,000 | 2,117,000 | ||||
reconciliation of cash, cash equivalents and restricted cash at end of period: | |||||||||||||||||||
cash and cash equivalents | 74,218,000 | 11,683,000 | 9,443,000 | 2,542,000 | 18,722,000 | 3,552,000 | -3,215,000 | -4,507,000 | 33,132,000 | 12,474,000 | -924,000 | -3,040,000 | 29,675,000 | 7,275,000 | 2,300,000 | -5,819,000 | 31,615,000 | -6,333,000 | 7,518,000 |
restricted cash | 490,000 | 56,000 | -114,000 | 114,000 | 445,000 | -121,000 | -9,000 | 3,000 | 480,000 | -1,000 | 91,000 | -70,000 | 409,000 | -44,000 | -8,000 | -265,000 | 676,000 | 437,000 | 111,000 |
total cash, cash equivalents and restricted cash | 74,708,000 | 11,739,000 | 9,329,000 | 2,656,000 | 19,167,000 | 3,431,000 | -3,224,000 | -4,504,000 | 33,612,000 | 12,473,000 | -833,000 | -3,110,000 | 30,084,000 | 7,231,000 | 2,292,000 | -6,084,000 | 32,291,000 | -5,896,000 | 7,629,000 |
net income | -29,125,000 | -22,163,000 | 37,572,000 | -4,931,000 | -6,663,000 | 84,000 | 1,644,000 | -2,408,000 | 6,458,000 | ||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||
goodwill impairment | 0 | 0 | |||||||||||||||||
loss on extinguishment of debt | 0 | 0 | 0 | 472,000 | 0 | 0 | |||||||||||||
long-lived asset impairment and lease termination charges | |||||||||||||||||||
loss on divestiture of insomnia cookies | 0 | 0 | |||||||||||||||||
gain on remeasurement of equity method investment | 0 | ||||||||||||||||||
gain on sale-leaseback | 0 | 0 | 0 | 0 | 15,000 | -9,661,000 | -2,238,000 | -1,937,000 | 0 | -2,374,000 | |||||||||
settlement of interest rate swap derivatives | 0 | 0 | 0 | 7,657,000 | |||||||||||||||
amortization related to settlement of interest rate swap derivatives | 0 | 0 | -2,955,000 | -2,955,000 | -2,955,000 | -2,955,000 | |||||||||||||
change in operating assets and liabilities, excluding business acquisitions and divestitures, and foreign currency translation adjustments: | |||||||||||||||||||
accounts, notes, and taxes receivable | |||||||||||||||||||
inventories | |||||||||||||||||||
other current and noncurrent assets | |||||||||||||||||||
operating lease assets and liabilities | |||||||||||||||||||
accounts payable and accrued liabilities | |||||||||||||||||||
other long-term obligations and deferred credits | |||||||||||||||||||
proceeds from sale-leaseback | 0 | 0 | 0 | 0 | 0 | 10,025,000 | 2,701,000 | 2,700,000 | 0 | 3,000,000 | |||||||||
acquisition of shops and franchise rights from franchisees, net of cash acquired | -5,326,000 | 5,000 | -12,442,000 | 0 | |||||||||||||||
purchase of equity method investment | 0 | -858,000 | 0 | 0 | 0 | ||||||||||||||
net proceeds from divestiture of insomnia cookies | 0 | 0 | 6,480,000 | ||||||||||||||||
principal payment received from loan to insomnia cookies | 0 | ||||||||||||||||||
principal payments received from loans to franchisees | 0 | 0 | 14,000 | 15,000 | 25,000 | 22,000 | |||||||||||||
disbursement for loan receivable | 0 | 0 | |||||||||||||||||
payment of financing costs | 0 | 0 | -175,000 | 0 | 0 | -5,000,000 | 0 | 0 | |||||||||||
payment of contingent consideration related to a business combination | 0 | 0 | 0 | 0 | -900,000 | ||||||||||||||
capital contribution from shareholders, net of loans issued | |||||||||||||||||||
proceeds from sale of noncontrolling interest in subsidiary | 1,198,000 | 183,000 | 0 | 358,000 | 52,000 | 67,000 | 81,000 | ||||||||||||
cash, cash equivalents and restricted cash at beginning of the fiscal year | |||||||||||||||||||
cash, cash equivalents and restricted cash at end of the fiscal year | |||||||||||||||||||
reconciliation of cash, cash equivalents and restricted cash at end of fiscal year: | |||||||||||||||||||
change in operating assets and liabilities, excluding foreign currency translation adjustments | -26,052,000 | -15,891,000 | 3,262,000 | -50,383,000 | 10,581,000 | -35,190,000 | |||||||||||||
net decrease in cash, cash equivalents and restricted cash | 2,656,000 | -10,148,000 | -3,224,000 | -4,504,000 | -5,002,000 | -833,000 | -3,110,000 | -5,646,000 | |||||||||||
cash flows used for operating activities: | |||||||||||||||||||
impairment and lease termination charges | 162,000 | 4,096,000 | -80,000 | 201,000 | 247,000 | 17,198,000 | -97,000 | 2,908,000 | 4,900,000 | 11,042,000 | 5,264,000 | 1,773,000 | 218,000 | 2,653,000 | -272,000 | ||||
cash flows used for investing activities: | |||||||||||||||||||
gain on divestiture of insomnia cookies | -3,327,000 | ||||||||||||||||||
payments of issuance costs in connection with initial public offering | |||||||||||||||||||
stock issuance under shareholder notes | 67,000 | 223,000 | 133,000 | 191,000 | 517,000 | 0 | |||||||||||||
gain on disposal of property and equipment | -17,000 | ||||||||||||||||||
cash flows from/(used for) financing activities: | |||||||||||||||||||
cash flows (used for)/from operating activities: | |||||||||||||||||||
change in operating assets and liabilities, excluding business acquisitions and foreign currency translation adjustments: | |||||||||||||||||||
maturities of held-to-maturity debt securities | 631,000 | 111,000 | |||||||||||||||||
proceeds from ipo, net of underwriting discounts | 0 | ||||||||||||||||||
payments of issuance costs in connection with ipo | 0 | 0 | 0 | -12,458,000 | |||||||||||||||
net cash provided by/(used for) financing activities | |||||||||||||||||||
net increase/(decrease) in cash, cash equivalents and restricted cash | |||||||||||||||||||
increase/(decrease) in accrual for property and equipment | |||||||||||||||||||
deferred income taxes | 24,377,000 | -11,524,000 | -219,000 | -3,393,000 | -6,044,000 | -822,000 | -12,664,000 | 1,173,000 | |||||||||||
change in operating assets and liabilities, excluding business acquisitions and foreign currency translation adjustments | -4,353,000 | -1,493,000 | -6,745,000 | ||||||||||||||||
cash flows used for financing activities: | |||||||||||||||||||
capital contribution by shareholders | 240,000 | 0 | -400,000 | ||||||||||||||||
gain on contingent consideration related to a business combination | |||||||||||||||||||
purchases of held-to-maturity debt securities | |||||||||||||||||||
cash flows (used for)/from financing activities: | |||||||||||||||||||
accrual for repurchase and retirement of common stock | 35,615,000 | ||||||||||||||||||
accrual for distribution to noncontrolling interest | |||||||||||||||||||
common stock issuance under subscription receivable in connection with initial public offering, net of underwriting discounts and issuance costs | |||||||||||||||||||
payment of contingent consideration in excess of acquisition date fair value | |||||||||||||||||||
collection of related party income tax receivable | |||||||||||||||||||
contingent consideration incurred for acquisition of krispy kreme mexico | |||||||||||||||||||
contingent consideration incurred for acquisition of shops and franchise rights from domestic franchisees | |||||||||||||||||||
accrual for property and equipment | 1,756,000 |