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   Sara Lee 1Q Profit Rises 23 Percent Though Sales Fall
by Associated Press
Posted: Friday, November 6, 2009 at 2:19PM EST

DOWNERS GROVE, Ill. — Falling commodity costs and internal cost-cutting helped food maker Sara Lee Corp.'s first-quarter profit rise 23 percent, the company said Thursday.

The maker of Jimmy Dean sausages, Hillshire Farm deli meats and its namesake desserts and breads, Sara Lee reported it earned $284 million, or 41 cents per share, up from $230 million, or 32 cents per share, in the same quarter last year.

Revenue declined 7 percent to $2.59 billion as it sold fewer products.

"A number of factors contributed to our results, including lower input costs, ... cost savings and pricing discipline," Chief Executive Brenda C. Barnes said in a statement.

To read the rest of this story, please go to: The Associated Press


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