Sara Lee Corp. (SLE) reported that its second-quarter net earnings were $371 million or $0.53 per share, compared to a loss of $17 million or $0.02 per share in the same quarter last year. Adjusted earning were $0.36 per share, compared to $0.19 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.23 per share. Analysts' estimates typically exclude special items.
Net sales for the quarter were $2.86 billion, compared to $2.86 billion in the prior year quarter. Six analysts had consensus revenue estimate of $3.12 billion for the quarter.
Sara Lee currently expects full-year fiscal 2010 total earnings per share to be in the range of $1.36 to $1.41, compared to previous estimates of $1.12 to $1.18 per share.
Full-year 2010 adjusted earnings per share are now expected to be in the range of $1.00 to $1.05 per share, compared to prior outlook of $0.90 to $0.96 per share. Net sales for the year is still anticipated to be between $12.9 billion and $13.2 billion. Analysts expect the company to report earnings of $0.95 per share on revenues of $11.46 billion for fiscal 2010.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.