Earnings Preview: Sara Lee Corp.

May. 5, 2009
Sara Lee Corp. reports earnings for its fiscal third quarter on Thursday before the market opens. The following is a summary of key developments and analyst opinion related to the period. OVERVIEW: The maker of Jimmy Dean sausages, Hillshire Farm deli meats...
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Sara Lee sells sauces, dressings

Sara Lee sells sauces, dressings

RANDOLPH, Mass., Sept. 2 (UPI) -- Richelieu Foods Inc. of Massachusetts said Tuesday it has bought Sara Lee Corp.'s food service sauces and dressings business for an undisclosed amount.

Sara Lee considering acquisitions

CHICAGO, Feb. 19 (UPI) -- Sara Lee Corp. Chief Executive Officer Brenda Barnes said the U.S. company was in the position to acquire other businesses.

Hedge fund increases stake in Sara Lee

DOWNERS GROVE, Ill., Jan. 19 (UPI) -- Regulatory filings show ValueAct, a San Francisco-based hedge fund, has increased its stake in Illinois-based Sara Lee Corp. to 5 percent.

Sara Lee to unveil 20 products in a year

CHICAGO, Sept. 20 (UPI) -- Chicago's Sara Lee Corp. will introduce a record 20 new food and beverage products in fiscal 2007.

Smithfield, Oaktree buying Sara Lee assets

SMITHFIELD, Va., June 27 (UPI) -- Smithfield Foods Inc. is paying $575 million to buy the European meats business of Sara Lee Corp.

Sara Lee sells assets for $82.5 million

CHICAGO, Oct. 27 (UPI) -- Chicago's Sara Lee Corp. said Thursday it was selling its U.S. retail coffee business to an Italian concern for $82.5 million.

Tupperware eyes Sara Lee acquisition

ORLANDO, Fla., Aug. 10 (UPI) -- Tupperware Corp. of Florida is close to an agreement to pay $500 million or more for Sara Lee Corp.'s direct-selling operation.

Sara Lee bringing office work to Chicago

DOWNERS GROVE, Ill., July 22 (UPI) -- Sara Lee Corp., the consumer products company, is moving all 550 of its Cincinnati, Ohio, corporate jobs to a suburb of Chicago.

Sara Lee to move to Downers Grove, Ill.

CHICAGO, April 29 (UPI) -- Meats and baked goods company Sara Lee of Chicago said Friday that it is moving corporate headquarters and most North American operations to Downers Grove, Ill.

Sara Lee to sell big chunk of assets

CHICAGO, Feb. 10 (UPI) -- Sara Lee Corp. of Chicago said Thursday it was selling assets worth about $1.85 billion, laying off workers and taking a charge against earnings.