USA: Sara Lee Corporation Reports increased sales for the first quarter of fiscal 2002
Sara Lee Corporation today reported that sales for the first quarter of fiscal 2002, ending September 29, 2001, were $4.5 billion, up 1%, and diluted earnings per share (EPS) were $.26, a decrease of 10% compared to $.29 one year ago. All results exclude unusual items unless otherwise noted. In May 2000, Sara Lee Corporation announced a Reshaping program to focus the company's operations on three business segments - Food and Beverage, Intimates and Underwear, and Household Products - and a number of non-core business units were sold or exited during fiscal 2001 and fiscal 2002 in conjunction with this program. Excluding these divested businesses, sales increased 9% in the first quarter of fiscal 2002, reflecting the acquisition of The Earthgrains Company on August 7, 2001, combined with base business gains in Packaged Meats, Knit Products and Household Products.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Danone's Q1: four things to learn
- Interview: Sir Kensington's on sale to Unilever
- Column: Why snacking is the new meal
- Interview: "Disruptive" snack brand Hippeas
- Nestle Q1 update: four things to learn
- Tyson shops Sara Lee bakery, Kettle and Van's
- Nestle to cut UK confectionery jobs
- Icelandic to sell Saucy Fish Co. owner Seachill
- Tyson to buy burger-to-entree firm AdvancePierre
- TreeHouse Foods sells soup, baby food units