Hillshire Brands raises 2013 outlook

 Resize text         Printer-friendly version of this article Printer-friendly version of this article

Hillshire Brands Co raised its full-year outlook on Thursday after stronger-than-expected first-half performance that benefited from easing commodity costs.

The maker of Hillshire Farm lunch meat and Jimmy Dean sausage said it expects commodity costs to get more "challenging" as 2013 progresses. Still, the newly independent meat company forecast earnings of $1.60 to $1.70 per share in fiscal 2013. Its prior outlook called for $1.40 to $1.55 per share.

In the fiscal second quarter ended Dec. 29, net income was $65 million, or 53 cents per share, versus $469 million, or $3.94 per share, a year earlier, when the company was much larger and was called Sara Lee.

On a continuing operations basis, and excluding special items, Hillshire earned 62 cents per share, handily topping analysts' average estimate of 47 cents per share, according to Thomson Reuters.



Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


Slick N' Clean Products

ADM Slick N’ Clean Tabs are an environmentally safe, non-toxic, and non-corrosive additive for lagoons and manure pits. It offers ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Generate Leads