SARA LEE REPORTS A REBOUND IN DELI SALES

CHICAGO (FNS) -- Sara Lee Corp.'s recall of hot dogs and packaged deli meats following a listeria outbreak last December cost the company $76 million, but the affected brands have regained most of their pre-recall market share, company executives told shareholders at the annual meeting here.That $76 million, noted Judith A. Sprieser, executive vice president and chief financial officer, amounted to

CHICAGO (FNS) -- Sara Lee Corp.'s recall of hot dogs and packaged deli meats following a listeria outbreak last December cost the company $76 million, but the affected brands have regained most of their pre-recall market share, company executives told shareholders at the annual meeting here.

That $76 million, noted Judith A. Sprieser, executive vice president and chief financial officer, amounted to five cents a share, and did not include the impact of lost sales and profits.

Register to view the full article