Sara Lee 2Q Profit Slides, Sales Rise


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

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.

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

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