Tags: Hillshire | sandwich | sales | meat

Hillshire Results Beat Estimates as Sandwich Sales Rise

Tuesday, 06 May 2014 10:10 AM

Hillshire Brands Co. reported better-than-expected quarterly results, helped by strong sales of Jimmy Dean products including breakfast sandwiches.

Shares of the packaged meat company, formerly the food business of Sara Lee Corp., rose 4 percent in premarket trading.

The company's sales rose 3.4 percent to $955 million as it raised prices to offset higher meat costs.

Net income from continuing operations was $42 million, or 35 cents per share, in the third quarter ended March 29, little changed from a year earlier.

Excluding items, the company earned 46 cents per share.

Analysts on average had expected earnings of 36 cents per share on sales of $939 million, according to Thomson Reuters I/B/E/S.

© 2017 Thomson/Reuters. All rights reserved.

   
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Hillshire Brands Co. reported better-than-expected quarterly results, helped by strong sales of Jimmy Dean products including breakfast sandwiches.
Hillshire, sandwich, sales, meat
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2014-10-06
Tuesday, 06 May 2014 10:10 AM
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