Krispy Kreme, Inc. — fact timeline

Krispy Kreme, Inc. updated its first quarter ended March 29, 2026 guidance (reaffirmed).

“On May 7, 2026, the Company issued a press release announcing the Company's financial results for the first quarter ended March 29, 2026.”

Krispy Kreme, Inc. entered into Contribution and Exchange Agreement with the JV (W.K.S. Krispy Kreme, LLC) (effective 2026-03-23).

“KKDC contributed the franchise rights, operating assets, equipment, personal property, vehicles, goodwill, and business of the Company-owned and operated Krispy Kreme store in Hawaii to the JV, in exchange for equity interests in the JV, pursuant to a Contribution and Exchange Agreement, dated as of the Effective Date, by and between KKDC and the JV (the “KKDC Contribution Agreement”).”

Krispy Kreme, Inc. entered into Asset Purchase Agreement with W.K.S. KK HoldCo, Inc., an affiliate of WKS valued at $40,404,497 (effective 2026-03-23).

“Awesome Doughnut entered into an Asset Purchase Agreement (the “APA”) with W.K.S. KK HoldCo, Inc., an affiliate of WKS (“WKS Holdco”), pursuant to which WKS Holdco acquired, as of the Effective Date, substantially all of the franchise rights, operating assets, equipment, personal property, vehicles, goodwill, and business of the Awesome Doughnut-owned and operated Krispy Kreme stores in California (collectively, the “Awesome Assets”) from Awesome Doughnut for an aggregate purchase price of $40,404,497, paid through delivery of a promissory note issued by WKS Holdco, as borrower, payable to Awesome Doughnut, as lender (“Seller Note”).”

Nicola J. Steele was appointed as Chief Operating Officer at Krispy Kreme, Inc..

“Effective March 3, 2025, Nicola J. Steele, 38, has been appointed to serve as the Chief Operating Officer of Krispy Kreme, Inc.”

Matthew Spanjers resigned as Chief Growth Officer and President, International at Krispy Kreme, Inc..

“Mr. Spanjers has resigned from those positions but will remain an employee of and provide services to the Company through March 31, 2025 (the “Separation Date”), pursuant to an Agreement and General Release entered into on January 10, 2025 (the “Transition Agreement”).”

Matthew Spanjers resigned as Chief Growth Officer and President, International at Krispy Kreme, Inc..

“On November 7, 2024, Matthew Spanjers informed Krispy Kreme, Inc. (the “Company”) that he intends to resign from his position as Chief Growth Officer and President, International of the Company effective on or about December 31, 2024.”

Krispy Kreme, Inc. reported the quarter ended March 31, 2024 results: revenue $442.7 million, net income $(6.7) million, EPS $(0.05) per diluted share. Guidance reaffirmed.

“(“Krispy Kreme”, “KKI”, or the “Company”) today reported financial results for the quarter ended March 31, 2024. First Quarter Highlights (vs Q1 2023) • Net revenue grew 5.7% to $442.7 million • Organic revenue grew 6.7% to $440.9 million • GAAP net loss of $6.7 million • GAAP net loss attributable to KKI of $8.5 million • Adjusted EBITDA grew 5.9% to $58.2 million •”