ADVFN - Advanced Financial Network.
HOME» NYSE » S » SLE Stock Price » SLE Stock News

Sara Lee Share News

 Sara Lee Corp. Stock Price
SLE Stock Price
 Sara Lee Corp. Stock Chart
SLE Stock Chart
 Sara Lee Corp. Stock News
SLE Stock News
 Sara Lee Corp. Company Information
SLE Company Information
 Sara Lee Corp. Stock Trades
SLE Stock Trades

Ralcorp 1Q Down 8.4% On Charges, Revenue Increases

DOW JONES NEWSWIRES Ralcorp Holdings Inc.'s (RAH) fiscal first-quarter earnings fell 8.4% as mark-to-market losses on economic hedges and other charges weighed on the food maker's bottom-line results, though revenue grew more than expected. The company has seen its adjusted earnings grow for more than a year, though impairment charges and other special items also weighed on the company's bottom-line results in the prior two quarters. Meanwhile, its revenue has strengthened in recent quarters, helped by gains from acquisitions and improved sales volume. Ralcorp recently completed the spinoff of Post Foods--the manufacturer of Honey Bunches of Oats, Grape-Nuts and Post Raisin Bran--a move that allows the company to focus on its large private-label food business. The company has said it plans to use proceeds of about $900 million to reduce debt, pursue other private-brand acquisitions and for stock repurchases. It most recently acquired Sara Lee Corp.'s (SLE) North American private-brand refrigerated-dough business in October. Ralcorp last year rejected a $5.2 billion bid from ConAgra Foods Inc.'s (CAG) to buy the entire company. For the period ended Dec. 31, Ralcorp reported a profit of $65.3 million, or $1.16 a share, down from $71.3 million, or $1.28 a share, a year earlier. Excluding adjustments for economic hedges, Post separation costs and other items, adjusted earnings rose to $1.33 from $1.27. Revenue increased 18% to $1.38 billion, helped by its refrigerated-dough acquisition and higher pricing in all segments. Analysts polled by Thomson Reuters had predicted earnings of $1.38 a share on revenue of $1.32 billion. Gross margin narrowed to 24.4% from 27.1% due to the impact of economic hedges and an acquisition-related inventory adjustment. Overall sales volume increased 7.8%. Branded cereal products sales slid 3.2% due lower volume, partially offset by higher selling prices. Frozen bakery products saw sales rise 59%. The company also posted double-digit sales growth in its three other segments -- pasta, other cereal products and snacks, sauces and spreads. Shares slid by 1.7% to $73.70 after-hours. The stock is up 49% in the past 12 months. -By Nathalie Tadena, Dow Jones Newswires; 212-416-3287;;

Stock News for Sara Lee (SLE)
11/05/201410:56:24Can Barrick Gold Bounce Back? -- Barron's
10/29/201413:27:40Apple Pay-AliPay Deal Would Boost NXP -- Barron's
10/29/201413:27:31BB&T: Bank on This Regional Bank -- Barron's
12/31/201217:34:05Private Equity-Backed December Deals Most Since August 2011
08/02/201216:57:22TD Ameritrade, E*Trade, Vanguard Steer Clear of Knight Trading
06/12/201208:24:25DE Master Blenders Seeks to Become No 2 Maker of Coffee, Tea
06/11/201210:42:52DE Master Blenders Shares Could Be Set For Bumpy Ride
06/05/201213:20:24Sara Lee Renames Itself Hillshire Brands
05/21/201218:53:41Sara Lee Sees Organic Growth In Brazilian Coffee Business
05/15/201219:09:10Soros Reports No Stake In Google; Adds JP Morgan, Goldman
05/03/201218:31:47Grupo Bimbo Gets Approval To Give Up Brand Rights Before Sara...
04/19/201210:38:08Nespresso Patents Approved By European Authorities -Nestle CEO
03/14/201209:27:35Sara Lee Names Van Pelt, Minvielle Operating Chiefs For Coffee...
03/14/201208:58:55Sara Lee Appoints Executives For Coffee and Tea Business
03/02/201216:57:24SOFTS HIGHLIGHTS: Top Stories Of The Day
02/22/201219:15:11Mexico's Bimbo 4Q Net Profit Down 26% On Operations, Taxes
02/07/201218:54:06Ralcorp 1Q Down 8.4% On Charges, Revenue Increases
01/26/201205:13:56Philips Sells Half Of Senseo Trade Mark To Sara Lee
01/06/201209:58:32Sara Lee Names Campbell's Connolly As Meats Business CEO
11/15/201111:20:53Applications Given Early Antitrust Clearance

Sara Lee and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations