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November 23, 2009 6:37 PM ET

Sara Lee Corp. (SLE:NYSE)

LAST $12.38 USD
CHANGE TODAY -0.11 -0.88%
VOLUME 5.7M
As of 4:00 PM 11/23/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Sara Lee Corp. (SLE)

OPEN
$12.58
PREVIOUS CLOSE
$12.49
DAY HIGH
$12.61
DAY LOW
$12.34
52 WEEK HIGH
11/23/09 - $12.61
52 WEEK LOW
03/9/09 - $6.80
MARKET CAP
8.6B
AVERAGE VOLUME 3 mo
6.2M
DILUTED EPS TTM
$0.46
SHARES OUTSTANDING
697.3M
EX-DATE
11/27/09
P/E TTM
26.7x
DIVIDEND
$0.44
DIVIDEND YIELD
3.55%
K = Thousands  M = Millions  B = Billions
BUSINESS EXCHANGE RELATED TOPICSara Lee

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With the recession taking an unexpectedly harsh toll on the food industry, Sara Lee is among the hardest-hit companies—and stocks

The packaged-goods outfit has unloaded 40% of its businesses and used the proceeds to invest in product lines with more growth potential

View More BusinessWeek News

SLE Details

Sara Lee Corporation engages in the manufacture and marketing of a range of branded packaged meat products, fresh and frozen bakery products, roast and ground coffee, and household and body care products worldwide. Its packaged meat products include hot dogs and corn dogs, breakfast sausages and sandwiches, smoked and dinner sausages, premium deli and luncheon meats, bacon, and cooked ham. The company sells these products under Hillshire Farm, Ball Park, Jimmy Dean, Sara Lee, and State Fair brands. It offers fresh and frozen baked products, which comprise bread, buns, bagels, rolls, muffins, specialty bread, frozen pies, cakes, cheesecakes, and other desserts under Sara Lee, Earth Grains, Colonial, Rainbo, Holsum, IronKids, Mother’s, Sunbeam, Sun-Maid, San Luis Sourdough, and Heiner’ brands. Sara Lee also provides roast, ground, and liquid coffee, cappuccinos, and lattes, as well as hot and iced teas under Douwe Egberts, Senseo, Maison du Cafe, Marcilla, Merrild, and Pickwick brands. Further, the company offers household and body care products, such as soaps, shampoos, bath and shower products, deodorants, shaving creams, and toothpastes under Sanex, Duschdas, Radox, Monsavon, and Zendium brands; air care products, including air fresheners under the Ambi Pur brand; shoe care products comprising polishes, cleaners, wax, and insoles under the Kiwi brand; and insecticides under brands, such as Vapona, Catch, GoodKnight, Bloom, and Ridsect. It sells its products to mass retailers, supermarkets, mass merchandisers, distributors, restaurants, hospitals, warehouse clubs, national chains, and other large institutions through direct sales force and outside brokers. The company was formerly known as Consolidated Foods Corporation and changed its name to Sara Lee Corporation in 1985. Sara Lee Corporation was founded in 1939 and is based in Downers Grove, Illinois.

41,000 Employees
Founded in 1939

SLE Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Age: 55
Total Annual Compensation: $1.1M
Executive Vice President and Chief Executive ...
Age: 45
Total Annual Compensation: $576.3K
Executive Vice President and Chief Executive ...
Age: 56
Total Annual Compensation: $563.9K
Executive Vice President and Chief Executive ...
Age: 50
Total Annual Compensation: $530.5K
Executive Vice President and Chief Executive ...
Age: 53
Total Annual Compensation: $500.7K
Compensation as of Fiscal Year 2009.

Key developments for Sara Lee Corp. (SLE)

Sara Lee Reports Unaudited Consolidated Earnings Results for First Quarter Ended September 26, 2009; Provides Earnings Guidance for Full Year of 2010

Sara Lee Corp. reported unaudited consolidated earnings results for first quarter ended September 26, 2009. For the quarter, the company reported net income of $284 million or $0.41 per diluted share on net sales of $2,588 million compared to net income of $230 million or $0.32 per diluted share on net sales of $2,794 million for the same period a year ago. Income from continuing operations before income taxes was $296 compared to income from continuing operations before income of $268 million for the same period a year ago. Net sales fell as a result of unfavorable foreign currency exchange rates, volume declines and strategic business exits. Cash from operations was driven by higher operating income, favorable working capital and lower pension contributions. Net cash from operating activities was $187 million compared to net cash used in operating activities of $38 million for the same period a year ago. Purchase of property and equipment was $59 million compared to purchase of property and equipment of $57 million for the same period a year ago. The company currently expects full-year fiscal 2010 diluted EPS to be in the range of $1.12 to $1.18 per share, which includes $0.19 per share of contingent sale proceeds received in the first quarter of fiscal 2010 from the sale of its tobacco business in fiscal 1999, and a $0.03 per share net gain from significant items realized in the first quarter of fiscal 2010. Full-year 2010 diluted EPS, excluding contingent sale proceeds and significant items, is expected to be in the range of $0.90-$0.96 per share, compared to $0.82 in fiscal 2009. EPS guidance includes anticipated benefits from a 53rd week and favorable currency exchange rates in addition to underlying business improvements. These factors are partially offset by substantive investments in the business and a comparison against one-time benefits in general corporate expenses in the prior year. Guidance does not include any additional significant items that may occur during the remainder of fiscal 2010, such as one-time expenses related to Project Accelerate.

Sara Lee Corp. expected to Report Q2 2010 Results on February 4, 2010. This event was calculated by Capital IQ (Created on November 5, 2009).

Sara Lee Corp. expected to Report Q2 2010 Results on February 4, 2010. This event was calculated by Capital IQ (Created on November 5, 2009).

Sara Lee Corp., Q1 2010 Earnings Call, Nov-05-2009

Sara Lee Corp., Q1 2010 Earnings Call, Nov-05 2009

Stock Quotes

Company Lookup
Recently Viewed
SLE $12.38 USD -0.11
JNPR $26.07 USD +0.87
JNJ $62.69 USD +0.38
BAC $16.29 USD +0.20
MMM $77.73 USD +1.09

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SLE Competitors

Company Last Change
Ajinomoto Co Inc ¥792.00 JPY 0.00
ConAgra Foods Inc $22.56 USD +0.21
Kao Corporation ¥2,090 JPY 0.00
Kellogg Co $53.87 USD +0.75
Smithfield Foods Inc $16.22 USD 0.00
View Industry Companies
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation SLE Industry Range
Price/Earnings 24.1x
Price/Sales 0.7x
Price/Book 3.5x
Price/Cash Flow 20.8x
Not meaningful
TEV/Sales 0.4x

SLE

 | 

SLE transactions

Type
Date
Target
Buyback
September 25, 2009
--
Merger/Acquisition
September 25, 2009
Sara Lee Corp., Global Body Care and European Detergents Business
View More SLE Transactions...

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