Sara Lee (SLE) Misses Q2 Views on Pricing Pressure, N.A. Sales Decline
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Price: $18.50 --0%
EPS Growth %: -16.7%
Financial Fact:
Operating income: 65M
Today's EPS Names:
ANF, DXLG, FL, More
EPS Growth %: -16.7%
Financial Fact:
Operating income: 65M
Today's EPS Names:
ANF, DXLG, FL, More
Trade SLE Now!
Sara Lee Corp. (NYSE: SLE) is trading a little bit lower this morning, following a second quarter 2011 earnings release which produced results that were essentially flat year-over-year.
Continuing operations income came in at $107 million, or $0.17 per share, a 64% drop from $298 million reported in Q409. EPS was $0.31 after excluding certain items, with $0.24 coming from continuing operations.
Revs for the quarter were $2.349 billion, a 0.4% drop from $2.359 billion reported in the same period for Q409. The drop was due to fluctuations in the Euro, according to SLE.
Overall, the consensus was looking for EPS of $0.25 on revs of $2.63 billion.
Sara Lee reaffirmed its FY11 outlook.
CEO Marcel Smits commented "As we focus on driving operational improvement in our two growth businesses, we are well positioned to finish the year with a strong second half. The North American Retail segment will benefit from first half pricing actions and MAP investments. In the International Beverage business, we continue to push through pricing to offset commodity increases and we expect further benefits from successful innovation."
Shares are down 0.5% in early trading.
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Continuing operations income came in at $107 million, or $0.17 per share, a 64% drop from $298 million reported in Q409. EPS was $0.31 after excluding certain items, with $0.24 coming from continuing operations.
Revs for the quarter were $2.349 billion, a 0.4% drop from $2.359 billion reported in the same period for Q409. The drop was due to fluctuations in the Euro, according to SLE.
Overall, the consensus was looking for EPS of $0.25 on revs of $2.63 billion.
Sara Lee reaffirmed its FY11 outlook.
CEO Marcel Smits commented "As we focus on driving operational improvement in our two growth businesses, we are well positioned to finish the year with a strong second half. The North American Retail segment will benefit from first half pricing actions and MAP investments. In the International Beverage business, we continue to push through pricing to offset commodity increases and we expect further benefits from successful innovation."
Shares are down 0.5% in early trading.
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