Krispy Kreme Doughnuts, Inc. (Nasdaq: KREM) today announced that it will broadcast its second quarter earnings call via the Internet on Thursday, August 24, 2000.

Scott Livengood, the company’s Chairman, President and CEO, Paul Breitbach, Executive Vice President Finance, Administration and Support Operations and Michelle Parman, Senior Vice President Corporate Development, will discuss the financial results for the three months ended July 30, 2000.

A news release outlining the financial results will be distributed prior to the call early on Thursday morning. The call will begin at 11:00 a.m. EST and will last for approximately one hour.

Investors have the opportunity to listen to the conference call live on the Internet at http://www.krispykreme.com. To listen, please go to the web site at least fifteen minutes early to register, download, and install any necessary audio software. A replay will also be available shortly after the call.

The 63-year-old North Carolina-based company is a leading branded specialty retailer of premium quality doughnuts, including the company’s signature Hot Original Glazed. Krispy Kreme currently operates more than 150 stores in 27 states.

Krispy Kreme can be found on the World Wide Web at www.krispykreme.com.

Information contained in this press release, other than historical information, may be considered forward-looking in nature and is subject to various risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. Among the key factors that may have a direct bearing on Krispy Kreme’s operating results, performance or financial condition are its dependence on franchisees to execute its store expansion strategy, supply issues, competition and numerous other factors discussed in Krispy Kreme’s S-1 Registration Statement, declared effective on April 4, 2000, that is on file with the Securities and Exchange Commission.