Krispy Kreme Doughnuts, Inc. (NYSE: KKD) announced today the acquisition of the Charleston, South Carolina market. The Company will purchase the rights to this market from an associate franchisee who currently operates two factory stores in that market. The Company did not disclose the purchase price but did indicate it expects the acquisition to be modestly accretive to earnings in the current fiscal year. Krispy Kreme will open a new store in the market on July 24, 2001 located at 1489 Savannah Highway, complete with the signature doughnut making theater.