Go to the SEC Web site (http://www.sec.gov).

Under “Filings & Forms (EDGAR),” click on “Search for Company Filings.” Click on “Companies & Other Filers.” Under Company Name, enter “Flowers Foods Inc” (or under Ticker Symbol, enter “FLO”).

Select the 10-K filed February 28, 2007.

a. Determine the standard industrial classification.

b. Copy the first sentence in “Item 1. Business,”

the Company.

c. Complete this schedule:

d. Complete the schedule in

(c) using horizontal common-size analysis. Use January 1, 2005, as the base.

e. Comment on the comparability of these years.

f. Comment on the trends observed in

(c) and (d).

Flowers Foods, Inc. and Subsidiaries Consolidated Statements of Income (in Part) For the 52 Weeks Ended December 30, December 31, January 1, 2006 2005 2005 (Amounts in thousands) Sales Materials, supplies, labor and other production costs (exclusive of depreciation and amortization shown separately below) Selling, marketing and administrative expenses Depreciation and amortization Asset impairment Income from operations