USA: Sara Lee Corporation increases earnings guidance based on adoption of new accounting standards
Sara Lee's acquisition of The Earthgrains Company in August 2001 is expected to result in $.03 of EPS dilution in fiscal 2002. This guidance has not changed and reflects management's best assessment of the financial impact of the acquisition at this time.
ANALYSIS
US food industry fights rearguard action against obesity legislation
The food industry in the United States has been struggling with accusations that it is responsible for the country's "obesity epidemic" but companies are now developing strategies to deal with the pro...
NEWS
US: Sara Lee to delist on three stock markets
Sara Lee Corporation is to delist from Euronext Amsterdam and Euronext Paris stock exchanges, as well as the Swiss Exchange....
NEWS
USA: Sara Lee sells European nuts and snacks business to PepsiCo
Consumer goods giant Sara Lee Corporation has announced today that it has reached agreement on the principal terms and conditions for the sale of its European nuts and snacks business in the Netherlan...
NEWS
USA: Sara Lee reports sharp fall in profit
US consumer goods giant Sara Lee has reported a sharp fall in first-quarter profit, impacted by impairment and transformation charges, exit costs and lower net sales....
NEWS
USA: Sara Lee sells US retail coffee business
US consumer goods giant Sara Lee has announced that it has signed an agreement to sell its US Retail Coffee business to Italy-based Segafredo Zanetti Group for US$82.5m....
NEWS
USA: Sara Lee Food & Beverage appoints chief marketing officer
US food and consumer goods giant Sara Lee has announced that its Food & Beverage division has appointed Kim Feil as senior vice president and chief marketing officer to lead all marketing efforts for ...
NEWS
USA: ConAgra cautions shareholders over mini-tender offer
US packaged food company ConAgra Foods has said it has received notice of an unsolicited "mini-tender" offer, made by TRC Capital Corporation of Ontario, Canada, to purchase up to 3.5 million of ConAg...
NEWS
US food and consumer goods giant Sara Lee has reported a fall in income for the year ended 2 July 2005, blaming higher costs, a tough European retail environment and the costs of restructuring....
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