Krispy Kreme to Hold 2009 First Quarter Earnings Conference Call

Annual Shareholders Meeting Scheduled for June 17, 2008

WINSTON-SALEM, N.C., May 23, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Krispy Kreme Doughnuts, Inc. (NYSE: KKD) plans to release its financial results for the first quarter of fiscal year 2009 on Monday, June 9, 2008 and host a conference call to review first quarter results at 4:30 p.m. (ET) on the same day. A live webcast of the conference call will be available at www.KrispyKreme.com/investorrelations.html and archived there for one year.

To access an archived audio replay of the call, dial 888-286-8010 and enter the passcode 23048700. International callers may access the replay by dialing 617-801-6888 and entering passcode 23048700. The audio replay will be available through June 13, 2008.

Also, on Tuesday, June 17, 2008 at 9:00 a.m. (ET), the Company plans to hold its Annual Meeting of Shareholders at the North Carolina School of the Arts, Proscenium/Thrust Theatre in Winston-Salem, North Carolina. The meeting will be webcast live and available at www.KrispyKreme.com/investorrelations.html . Proof of share ownership as of the record date is required for admission to the meeting.

About Krispy Kreme

Krispy Kreme is a leading branded specialty retailer of premium quality sweet treats, including its signature hot Original Glazed(R) doughnut. Headquartered in Winston-Salem, NC, the company has offered the highest quality doughnuts and great tasting coffee since it was founded in 1937. Krispy Kreme is proud that for decades its Fundraising program has helped non-profit organizations raise millions of dollars in needed funds. Today, Krispy Kreme and its one-of-a-kind Hot Light can be found in approximately 470 locations around the world. Visit us at www.KrispyKreme.com .

SOURCE Krispy Kreme Doughnuts, Inc.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Krispy Kreme Doughnuts, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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