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updated: 8/11/2011 9:20 AM

Sara Lee 4Q net income falls, revenue increases

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  • Hillshire Farm is a division of Sara Lee which announced   its fiscal fourth-quarter profit fell 41 percent even as revenue rose. Its adjusted results met analysts' expectations.

      Hillshire Farm is a division of Sara Lee which announced its fiscal fourth-quarter profit fell 41 percent even as revenue rose. Its adjusted results met analysts' expectations.

 
Associated Press

Downers Grove-based Sara Lee Corp. said its fiscal fourth-quarter profit fell 41 percent even as revenue rose. Its adjusted results met analysts' expectations.

The Downers Grove, Ill. food company, which is working on splitting into two businesses, also gave fiscal 2012 adjusted earnings and revenue outlooks below Wall Street's estimates on Thursday.

Sara Lee earned $111 million, or 19 cents per share, for the period ended July 2. That's down from $187 million, or 28 cents per share, a year ago. Adjusted earnings from continuing operations were 20 cents per share.

Revenue climbed 9 percent to $2.3 billion from $2.11 billion, topping Wall Street's projected $2.28 billion.

Sara Lee expects fiscal 2012 adjusted earnings of 89 cents to 95 cents per share. Analysts predict $1.07 per share.