Interstate Bakeries (IBCIQ) 8-K Regulation FD Disclosure

			EXHIBIT 99.1
Case Name: Interstate Bakeries
Corporation & All  Subsidiaries		Case No:  04-45814-jwv-11
	Consolidated Monthly Operating Report Summary
	For The Four Weeks Ended and as of  May 3, 2008

REVENUE
Gross Income						$	224,110,192
Less Cost of Goods Sold							116,878,445
	Ingredients, Packaging & Outside Purchasing	$	68,663,351
	Direct & Indirect Labor		36,379,015
	Overhead & Production Administration		11,836,079
Gross Profit							107,231,747
OPERATING EXPENSES
Owner - Draws/Salaries			-
Selling & Delivery Employee Salaries			50,187,491
Advertising and Marketing			2,086,781
Insurance (Property, Casualty, & Medical)			11,605,107
Payroll Taxes			4,168,768
Lease and Rent			2,951,851
Telephone and Utilities			1,152,853
Corporate Expense (Including Salaries)			6,460,600
Other Expenses			30,663,559		(i)
Total Operating Expenses							109,277,010
	EBITDA						(2,045,263	)
Restructuring & Reorganization Charges			3,214,339		(ii)
Depreciation and Amortization			5,140,742
Abandonment			133,420
Property & Equipment Impairment			-
Other( Income)/Expense			(1,037	)
Gain/Loss Sale of Prop			-
Interest Expense			2,737,936
Operating Income (Loss)							(13,270,663	)
Income Tax Expense (Benefit)			(3,861,132	)
Net Income (Loss)						$	(9,409,531	)
CURRENT ASSETS
	Accounts Receivable at end of period					$	139,478,032
	Increase (Decrease) in Accounts Receivable for period						9,258,800
	Inventory at end of period						61,656,180
	Increase (Decrease) in Inventory for period						906,923
	Cash at end of period						20,396,685
	Increase (Decrease) in Cash for period						(1,587,634	)
	Restricted Cash						21,017,667		(iii)
	Increase (Decrease) in Restricted Cash for period						(1,092,278	)
LIABILITIES
	Increase (Decrease) Liabilities Not Subject to Compromise						10,413,161
	Increase (Decrease) Liabilities  Subject to Compromise						36,364
	Taxes payable:
	Federal Payroll Taxes	$	2,650,633
	State/Local Payroll Taxes		1,293,514
	State Sales Taxes		820,091
	Real Estate and
	Personal Property Taxes		6,862,576
	Other (see attached supplemental schedule)		4,216,147
	Total Taxes Payable						15,842,961
See attached supplemental schedule for footnoted information.

IBC
Other Taxes Payable - Supplemental Schedule
for period ended
May 3, 2008
	Description	Amount
	Use Tax	$	532,043
	Accr. Franchise Tax		1,998,698
	Other Taxes		1,685,406
	Total Other Taxes Payable	$	4,216,147
		12th period
(i)  Other Expenses included the following items:
	Employee benefit costs		12,667,270
	Facility costs (excluding lease expense)		774,816
	Distribution/transportation costs		13,615,632
	Local promotional costs		1,238,079
	Miscellaneous		2,367,762
		$	30,663,559
(ii) Restructuring and reorganization expenses for the period included:
	Restructuring expenses
	(Gain)/loss on sale of assets		(238,290	)
	Employee costs adjustment		(19,944	)
	Other		164,306
	Reorganization expenses
	Professional fees		3,308,277
	Interest income		(10	)
		$	3,214,339
(iii) Restricted cash represents cash held as collateral pursuant to IBC's debtor-in-possession credit facility.
Note: Capital expenditures for the period totaled approximately $1.5 million.

EXPLANATORY NOTES TO THE INTERSTATE BAKERIES CORPORATION

CONSOLIDATED MONTHLY OPERATING REPORT

DATED AS OF May 3, 2008

1. This consolidated Monthly Operating Report (MOR), reflecting results for the four-week period ended May 3, 2008 and balances of and period changes in certain of the Company’s accounts as of May 3, 2008, is unaudited. This MOR should be read together and concurrently with the Company’s third quarter 2008 Form 10-Q that was filed with the Securities and Exchange Commission on April 17, 2008 and the Company’s Annual Report on Form 10-K for fiscal 2007 filed with the SEC on August 16, 2007 for a comprehensive description of our current financial condition and operating results. This MOR is being provided to the Bankruptcy Court and the U.S. Trustee pursuant to requirements under Local Rule 2015-2 C.

2. This MOR is not audited and will not be subject to audit or review by our external auditors on a stand-alone basis at any time in the future.  This MOR does not include certain quarterly and year-to-date adjustments reflected upon review of major asset and liability accounts prior to the Company’s filing of its quarterly and annual financial statements with the SEC.   Due to the timing impact of the foregoing, results for this period as presented in the MOR are not necessarily indicative of the actual results for the period if all such matters were allocated to all periods in the quarter or year.  Accordingly, each period reported in the MORs should not be viewed on a stand-alone basis, but rather in the context of previously reported financial results, including the Company’s SEC filings.

3. This MOR is presented in a format providing information required under local rule and incorporating measurements used for internal operating purposes, rather than in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information. This MOR does not include certain financial statements and explanatory footnotes, including disclosures required under GAAP.

4. As of May 3, 2008 the Company had borrowed $53.6 million under its $200 million debtor-in-possession credit facility, which is subject to a borrowing base formula based on its level of eligible accounts receivable, inventory, certain real property and reserves.  The credit facility was also utilized to support the issuance of letters of credit primarily in support of the Company’s insurance programs.  As of May 3, 2008 there were $129.1 million of letters of credit outstanding under the debtor-in-possession credit facility. The amount of the credit facility available for borrowing was $17.2 million as of May 3, 2008.  In addition to the borrowing base formula, each borrowing under the debtor-in-possession credit facility is subject to its terms and conditions, including the absence of an event of default thereunder.  (See Note 8 to the Company’s financial statements included in its Form 10-Q for the third fiscal quarter of 2008 ended March 8, 2008 for additional information.)

5. On May 9, 2008 the Company announced that it had closed on an amended and restated Debtor-in-Possession (DIP) revolving credit agreement to replace the Company’s former DIP credit agreement which was set to expire on June 2, 2008.  Under the terms of the amended and restated DIP credit agreement, the maturity date has been extended to September 30, 2008 and the amount available for borrowing under the agreement has been increased from $200 million to $249.7 million subject to the terms of the agreement.  Please refer to the Company’s Form 8-K filed with the SEC on May 12, 2008 for additional information.