5-6 news: Sara Lee announces strong Q3 results, new low-sodium lunchmeats
Net sales were unchanged versus the year-ago period and cash from operations continued to show strong year-over-year improvement.
“Our strong third quarter operating results, highlighted by the performance of our North American Retail and International Beverage businesses, reflect the foundation we’ve built over the past five years and the real momentum we’ve developed,” said Sara Lee Corp. chairman and chief executive officer Brenda C. Barnes. “By improving our sales mix, increasing market share, launching and supporting successful new products worldwide and driving efficiencies through our Project Accelerate initiative, we have the ability to raise our guidance for the third consecutive quarter.