Sara Lee Corp. (SLE) Reports In-Line Q4 EPS; Pension Funded to $40M

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August 11, 2011 7:34 AM EDT
Sara Lee Corp. (NYSE: SLE) reported Q4 EPS of $0.20, in-line with the analyst estimate of $0.20. Revenue for the quarter came in at $2.27 billion versus the consensus estimate of $2.22 billion.

As of July 2, 2011, the funded status of the company’s global pension plans related to continuing operations was a surplus of approximately $40 million which compares to a deficit of approximately $450 million on July 3, 2010. The improvement in funded status is driven primarily by the strong performance of the plans’ assets.

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