® SPECIALTY GROUP BAKERIES GROUP Sales $1,452,995,000  $1,328,607,000  9.4% Income from continuing operations before cumulative effect  of a change in accounting principle $5 2 , 8 0 4 , 0 $4 3 , 4 8 5 , 0 2 1 . 4 % Net income (loss) $1 4 , 6 5 8 , 0 $( 1 6 , 9 5 , 0 ) 1 8 6 . 5 % Diluted income per share from continuing operations before  cumulative effect of a change in accounting principle $ 1.15 $ 0.95 21.1% Diluted net income (loss) per share $ 0.32 $ (0.37) 186.5% Cash dividends per common share $ 0.33 $ 0.03 – FISCAL YEAR 2003 2002 % CHANGE FINANCIAL HIGHLIGHTS Fresh specialty  breads and rolls America’s best- selling soft variety  breads and buns OUR BRANDS Flowers Foods’ brands are among the most well-known in the baking industry.They are backed by the consistent quality, value and good taste of Flowers’ bakery foods. OUR REACH Flowers’ fresh bakery foods are available to approximately 35 percent of the U.S. population in 17 states and the District of Columbia. Our market reach for fresh bakery products is primarily in the Southeast, Southwest, and Mid- Atlantic regions. Our frozen bakery foods and  snack cakes are available nationally. FLOWERS FOODS AT A GLANCE