Sara Lee 2Q Profit Slides, Sales Rise

Industrials Reuters

Sara Lee Corp (SLE), maker of Ball Park hot dogs and Jimmy Dean sausages, reported lower quarterly earnings on Thursday, despite higher sales.

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Net income was $469 million, or 79 cents per share, in Sara Lee's fiscal second quarter, ended on December 31, compared to $833 million, or $1.30 per share, a year earlier.

Net sales rose to $2.08 billion from $1.96 billion a year earlier.

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