US food and consumer goods company Sara Lee has reported a sharp rise in quarterly earnings, helped by increased sales of meat and household products.
Go deeper with GlobalData
Sara Lee posted profit of US$348m, or 42 cents a share, for the second quarter to 29 December, compared to $160m, or 20 cents a share a year earlier.
In late October, Sara Lee forecast second-quarter earnings per share of between 40 and 42 cents before special items, while analysts polled by Thompson First Call were expecting profit of 41 cents to 43 cents a share before special items.
The company’s revenue rose 2% to $4.8bn, reported Reuters.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
