Slide 1: Second Quarter 2025 Earnings Presentation
Krispy Kreme, Inc. SECOND QUARTER 2025 EARNINGS PRESENTATION AUGUST 7, 2025 Krispy Kreme | 2Q25 Earnings 1
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements Certain statements made in this presentation and on the conference call that this presentation accompanies are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be
Slide 3: Drive Consumer Relevance, Expand Availability, Hub & Spoke, Efficiency, Engagement
Drive Consumer Expand Increase Hub & Improve Capital Inspire Relevance Availability Spoke Efficiency Efficiency Engagement Krispy Kreme | 2Q25 Earnings 3
Slide 4: Second Quarter Highlights (vs Q2 2024)
Second Quarter Highlights (vs Q2 2024) • Net revenue of $379.8 million • Organic revenue1 declined 0.8% • GAAP net loss of $441.1 million, “Our results for the second quarter primarily reflect the impact of including non-cash goodwill and unsustainable operating costs relative to unit demand in the
Slide 5: Our Turnaround Plan: Deleverage the Balance Sheet and Drive Sustainable, Profitable Growth
Our Turnaround Plan: Deleverage the Balance Sheet and Drive Sustainable, Profitable Growth Refranchise Drive ROIC Improve financial flexibility through Reduce capital intensity by using refranchising international markets and existing assets and focusing on restructuring the JV in the Western U.S. f
Slide 6: H2 Actions to Deleverage the Balance Sheet and Drive Sustainable, Profitable Growth
H2 Actions to Deleverage the Balance Sheet and Drive Sustainable, Profitable Growth 1• Target 1-2 international refranchising deals 2• Restructure JV in the Western U.S. 3• Remove costs from now-ended McDonald’s partnership 4• Outsource majority of U.S. logistics 5• Expand with high return, national
Slide 7: Krispy Kreme | 2Q25 Earnings
Krispy Kreme | 2Q25 Earnings 7
Slide 8: Appendix
Appendix 8
Slide 9: Krispy Kreme | 2Q25 Earnings
Krispy Kreme | 2Q25 Earnings 9
Slide 10: Organic Revenue Growth
Organic Revenue Growth Organic revenue growth measures our revenue growth trends excluding the impact of acquisitions, divestitures, and foreign currency, and we believe it is useful for investors to understand the expansion of our global footprint through internal efforts. We define “organic revenu