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SaraLee announces strong Q1 profits, including bakery

25-Nov-2008

Related topics: Markets

SaraLee has announced that its profits were up to $232m in the first quarter of the financial year, from $200m for the same period last year.

The company said that profit increases were seen across all sectors and were driven by price rises as well as increased sales volumes, especially in its North American fresh bakery and retail sectors.

In addition to some increase in sales volume, its SaraLee fresh bread brand – already the best-selling bread in North America – gained 0.6 per cent market share, now at 8.8 per cent.