SECOND QUARTER . . . . . . . - - Cautionary Note Regarding Forward-Looking Statements This presentation includes certain non-GAAP financial measures including organic revenue growth, Adjusted EBITDA, Adjusted Net Income, Adjusted Diluted EPS, Fresh Revenue from Hubs with Spokes and Sales per Hub, which differ from results using U.S. Generally Accepted Accounting Principles ("GAAP"). These non-GAAP financial measures are not universally consistent calculations, limiting their usefulness as comparative measur ...

Table of Contents FORM 10-Q _________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 2, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number: 001-40573 Krispy Kreme, Inc. (Exact name of registrant as specified in its charter) Delaware 37-1701311 (State or other jurisdiction of incorporation) ...

Financial Data and Key Metrics Changes - The company reported a net revenue increase of 12.5% year-over-year to $419 million, with organic revenue growth accelerating to 14.4% driven by pricing and growth in delivered fresh daily (DFD) donuts [89][90] - Adjusted EBITDA grew 12.3% to $55 million, with an adjusted EBITDA margin of 13.1% compared to the previous year [90][92] - GAAP net income was $1.6 million, impacted by a $13.4 million non-cash expense related to the exit of the branded sweet treat line [62][90] Business Line Data and Key Metrics Changes - The U.S. business segment's total revenue increased 14% to $281 million, with organic revenue growth also up 14% despite decreased revenue from branded sweet treats [91] - E-commerce revenue saw a 23% increase, contributing to 22% of retail sales in the U.S. during the first quarter [49][54] - The DFD business expanded to over 6,000 doors in the U.S., with average weekly sales up 35% from two years ago [83][90] Market Data and Key Metrics Changes - International organic revenue growth was 7.3%, with total revenues of $90.3 million, while adjusted EBITDA for the quarter declined to $13.6 million [92] - The growth in Japan led to adjusted EBITDA margins of over 20%, up nearly 800 basis points from a year ago [92] - The company expects to open in three additional countries during the second quarter, including Switzerland, Costa Rica, and Jamaica [50] Company Strategy and Development Direction - The company is focusing on expanding its DFD network, aiming for a long-term goal of 75,000 points of access globally, up from 12,400 today [75][80] - The strategy includes enhancing e-commerce capabilities and aligning specialty donuts across all channels [51][52] - The company is investing in capabilities to rapidly expand Insomnia store openings and plans to open nearly double the number of cookie shops compared to last year [51][52] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to meet or exceed long-term revenue and adjusted EBITDA targets set for 2026, including growing revenue to $2.15 billion and adjusted EBITDA to $215 million [52][66] - The company noted that it has seen resilience in its brand and culture, which is crucial during challenging economic times [52] - Management highlighted the importance of fresh donuts and the unique logistics model that allows for efficient delivery to various points of access [41][75] Other Important Information - The company has exited the branded sweet treat business to focus on its fresh donut offerings, which are experiencing significant growth [74][106] - The company has seen strong performance in its seasonal campaigns, particularly around Valentine's Day and St. Patrick's Day, which serve as a model for future marketing efforts [76][90] - The company is also working to reduce reliance on vendor financing programs, which is expected to positively impact adjusted EBITDA [65] Q&A Session Summary Question: Insights on the McDonald's partnership and profitability per DFD account - Management indicated that profitability per DFD account has significantly improved, and they are focusing on ensuring that donuts are delivered fresh daily to McDonald's [98][126] Question: Discontinuation of the Sweet Treats line - Management clarified that the decision to exit the Sweet Treats line was to concentrate resources on the fresh donut business, which is growing significantly [106] Question: Expansion opportunities with Target - Management discussed testing pre-packaged donuts in Target stores and the potential for premium merchandising units to enhance brand visibility [108]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 2, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number: 001-40573 Krispy Kreme, Inc. (Exact name of registrant as specified in its ch ...

Krispy Kreme, Inc. (NASDAQ:DNUT) Q4 2022 Earnings Conference Call February 15, 2023 8:30 AM ET Company Participants Rob Ballew – Vice President of Investor Relations Mike Tattersfield – President and Chief Executive Officer Josh Charlesworth – Global President, Chief Operating Officer Jeremiah Ashukian – Chief Financial Officer Conference Call Participants David Palmer – Evercore ISI Sara Senatore – Bank of America John Ivankoe – JPMorgan Brian Harbour – Morgan Stanley Stephen Lengel – Truist Securities Ope ...

Table of Contents Title of each class Trading Symbol Name of each exchange on which registered Common stock, $0.01 par value per share DNUT Nasdaq Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ FORM 10-Q _________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 2, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SEC ...

Krispy Kreme, Inc. (NASDAQ:DNUT) Q2 2022 Earnings Conference Call August 17, 2022 8:30 AM ET Company Participants Rob Ballew - Vice President, Investor Relations Mike Tattersfield - President & Chief Executive Officer Josh Charlesworth - Global President, Chief Operating & Financial Officer Joey Pruitt - Chief Accounting Officer Conference Call Participants John Ivankoe - JPMorgan Carlos Laboy - HSBC Bill Chappell - Truist Jared Garber - Goldman Sachs Jaafar Mestari - BNP Paribas Exane Operator Good day and ...

Table of Contents Title of each class Trading Symbol Name of each exchange on which registered Common stock, $0.01 par value per share DNUT Nasdaq Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ FORM 10-Q _________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 3, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURI ...

Krispy Kreme, Inc. (NASDAQ:DNUT) Q1 2022 Earnings Conference Call May 11, 2022 8:30 AM ET Company Participants Rob Ballew - IR Michael Tattersfield - CEO, President & Director Joshua Charlesworth - COO & CFO Conference Call Participants Katherine Griffin - Bank of America Merrill Lynch John Ivankoe - JPMorgan Chase & Co. Stephen Lengel - Truist Securities Operator Good day, and thank you for standing by. Welcome to the Krispy Kreme First Quarter 2022 Earnings Call. [Operator Instructions]. I would now like ...

Table of Contents Title of each class Trading Symbol Name of each exchange on which registered Common stock, $0.01 par value per share DNUT Nasdaq Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ FORM 10-Q _________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 3, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECUR ...