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Sara Lee’s Sales Rise in First Quarter

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By: TOM BRANNA

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Sara Lee Corporation, Chicago, reported that sales for the first quarter of fiscal 2002, ending September 29, 2001, rose 1% to $4.5 billion, up 1%, but diluted earnings per share (EPS) fell 10% to $.26. Unit volumes, excluding acquisitions and divestitures, increased 3% during the quarter, with the strongest gains in the company’s knit products and household products operations. Household product sales rose 8% during the quarter to $509 million and operating income increased 3% to $68 mill...

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