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Sara Lee reviews progress at CAGNY's conf
23 Feb '06
3 min read
During his remarks, de Kool reported that the company anticipates sales growing at a compound annual rate of between 4 percent and 5 percent by fiscal 2010, which is when the company expects to complete the transformation.
In addition, he said Sara Lee expects a 12 percent operating margin by fiscal 2010, driven by margin growth in all of the company's business segments, especially North American retail meats, North American retail bakery and international bakery.
De Kool added that the company generated $573 million in after-tax proceeds from business dispositions in the second quarter of fiscal 2006, ending Dec. 31, 2005.
“In addition to improving their operating results, they remain committed to returning value to Sara Lee shareholders by paying a healthy dividend, repurchasing shares and reducing debt,” said de Kool.
“During the implementation of their transformation plan, they are confident that the company will generate the cash needed to support these commitments.”
Sara Lee Corporation is a Chicago-based global manufacturer and marketer of high-quality, brand-name products for consumers throughout the world.
In addition, he said Sara Lee expects a 12 percent operating margin by fiscal 2010, driven by margin growth in all of the company's business segments, especially North American retail meats, North American retail bakery and international bakery.
De Kool added that the company generated $573 million in after-tax proceeds from business dispositions in the second quarter of fiscal 2006, ending Dec. 31, 2005.
“In addition to improving their operating results, they remain committed to returning value to Sara Lee shareholders by paying a healthy dividend, repurchasing shares and reducing debt,” said de Kool.
“During the implementation of their transformation plan, they are confident that the company will generate the cash needed to support these commitments.”
Sara Lee Corporation is a Chicago-based global manufacturer and marketer of high-quality, brand-name products for consumers throughout the world.
Sara Lee Corporation
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