Sara Lee's Strong Sales Growth Continues in Third Quarter of Fiscal 2008

Business Wire,  May 6, 2008  

Tags: Sara Lee Corp.

• E-mail
• Print
• Link

"Adjusted net sales" excludes from net sales the impact of businesses acquired or divested after the start of the fiscal period and presents fiscal 2007 results at fiscal 2008 currency exchange rates.

"Adjusted operating income" excludes from the corporation's consolidated pretax net income the impact of significant items and businesses acquired or divested after the start of the fiscal period and presents fiscal 2007 results at fiscal 2008 currency exchange rates.

"Adjusted operating segment income" excludes from the pretax operating segment income of a specified business segment the impact of significant items recognized by that business segment during the fiscal period and businesses acquired or divested after the start of the fiscal period and presents fiscal 2007 results at fiscal 2008 currency exchange rates.

"Adjusted operating margin" is a non-GAAP financial measure that equals adjusted operating income divided by adjusted net sales of the corporation (in the case of computing adjusted operating margin for Sara Lee) or adjusted operating segment income for a business segment divided by adjusted net sales for that business segment (in the case of computing adjusted operating margin for a specific business segment).

"Adjusted tax rate" excludes from the reported tax rate the impact of the tobacco sale proceeds and significant items, net.

COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning