Dive Summary:
- Hillshire Brands Co. reported a strong earnings report in its first quarter as an independent company, reporting $53 million in net income.
- Hillshire recently spun off from Sara Lee, bringing with it brands like Jimmy Dean and Ball Park, both of which were large contributors to this positive quarter.
- Spokesmen from the company cite an increase in innovation as one of the major factors, a response to initial claims the company will be hindered by an aging brand image.
From the article:
Hillshire Brands Company: The new name for Sara Lee's North American business. Sara Lee to split into two separate companiesSara Lee vows to turn Hillshire Brands Co into the 'most innovative meat-centric food company in the US'Sara Lee sets the date for coffee and tea spin-off Hillshire Brands Co. reported strong earnings in its first quarter as an independent company, reporting net income of $53 ...
