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Article: Sara Lee Reports Strong Fiscal 2010 First Quarter; Raises Guidance.
- Article from:
- Agriculture Week
- Article date:
- November 19, 2009
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Sara Lee Corp. (NYSE: SLE): Diluted earnings per share of $0.41, compared to $0.32 in the prior year first quarter Company raises guidance for fiscal 2010 Adjusted EPS[sup.1] by $0.06 ($0.90 to $0.96 per share) Adjusted operating income increased 79.2%; operating income up 10.7% Cash flow from operations of $187 million, an increase of $225 million Sara Lee Corp. (NYSE: SLE) reported significant operating income growth for the first quarter of fiscal 2010, primarily driven by strong performance in the North American business segments and lower corporate expenses. Net sales fell as a result of unfavorable foreign currency exchange rates, volume declines and strategic ...