Sara Lee Corp. (SLE) reported first quarter net income of $284 million or $0.41 per share, compared to $230 million or $0.32 per share last year.
Income from continuing operations was $190 million compared to $191 million in the prior year quarter. Earnings per share from continuing operations for the quarter were $0.27, same as prior year.
On average, 12 analysts polled by Thomson Reuters expect the company to report earnings of $0.16 per share. Analysts' estimates typically exclude special items.
Net sales declined to $2.59 billion from $2.79 billion in the year ago quarter. Adjusted net sales from continuing operations decreased 3.3% in the first quarter as a result of lower volumes and planned business exits. Nine analysts estimated revenues of $3.16 billion.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.