| Business Summary | | Sara
Lee
Corporation
is
a
global
manufacturer
and
marketer
of
high-quality,
brand
name
products
for
consumers
throughout
the
world.
Sara
Lee
has
operations
in
more
than
40
countries
and
markets
branded
consumer
products
in
over
170
countries.
In
May
2000,
the
Company
announced
plans
to
reshape
its
business
by
focusing
on
a
smaller
number
of
global-branded
consumer
packaged
goods
businesses.
Sara
Lee's
reshaping
plans
reaffirm
its
focus
of
marketing
repeat
purchase,
non-durable,
branded
packaged
products.
The
reshaping
also
narrows
the
Company's
focus
to
three
major
global
businesses
--
Food
and
Beverage,
Intimates
and
Underwear,
and
Household
Products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Sara
Lee
is
a
global
manufacturer
and
marketer
of
brand-name
products
in
the
Foods,
Coffee
and
Tea,
Household
and
Body
Care,
Foodservice,
and
Branded
Apparel
industries.
For
the
39
weeks
ended
3/31/01,
revenues
rose
4%
to
$13.52
billion.
Net
income
from
continuing
operations
applicable
to
Common
decreased
27%
to
$621
million.
Results
reflect
higher
branded
apparel,
and
beverage
segments
sales,
offset
by
increased
S/G/A
and
interest
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
4,227;
after
tax
earnings
were
973. (Preliminary; reported in millions of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| C. Steven McMillan, 55 Chairman,
Pres, CEO | $4.5M | $2.4M | Cary McMillan, 42 Exec.
VP, CFO, Chief Admin. Officer, Director | -- | -- | Frank Meysman, 48 Exec.
VP, Director | 2.2M | 469K | Barry Beracha, 59 Exec.
VP | -- | -- | William Geoppinger Exec.
VP | -- | -- | Dollar
amounts are as of 1-July-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|