Hillshire Brands, formerly known as Sara Lee Corporation, is an one of America’s leading food companies, with a focus on providing food solutions for the retail and foodservice markets.
The company is headquartered in Chicago, Illinois.
Hillshire Brands has a range of iconic and well known brands, including: Jimmy Dean, Ball Park, Hillshire Farm, State Fair, Sara Lee frozen bakery and Chef Pierre pies, as well as artisanal brands Aidells, Gallo Salame and Golden Island Jerky.
The company’s vision is to “become the most innovative branded food company in the U.S.”
Hillshire Brands has a team of over 9,000 employees and boasts yearly sales of close to $4 billion USD and it is publicly listed on the New York Stock Exchange under the ticker ‘HSH’.
Overview
- President and CEO: Sean Connolly
- Industry: Food and drink
- Type: Public company
- Listed on the New York Stock Exchange (NYSE)
- NYSE stock symbol: HSH
- Formed: 2012 (following a Sara Lee Corporation spin-off)
- Net sales: $3.92 billion USD (2013)
- Net income: $252 million USD (2013)
- Earnings per share: $1.50 USD (2013)
- Company head office: Chicago, Illinois, USA
- Employees: 9,000 (2013)
- Website: http://www.hillshirebrands.com
- Investor relations number: 312-614-8100
- Investor relations email: [email protected]
- Meat plants: San Lorenzo (CA), Rancho Cucamonga(CA), New London(WI), Storm Lake (IA), St Joseph (MO), Kansas City (KS), Florence (AL), Newbern (TN), Claryville (KY), Zeeland (MI)
- Bakery plants: Rome (GA), Tarboro (NC), Traverse City (MI)
- Mixing centers: Tolleson (AZ), Macon (GA), Rochelle (IL), Pottsville (PA)
| Operating data (in $ millions) | 2013 | 2012 |
| Net sales | $3,920 | $3,958 |
| Operating income | $297 | $76 |
| Income (loss) from continuing operations before income taxes | $256 | $(35) |
| Income (loss) from continuing operations | $184 | $(20) |
| Net income from discontinued operations | $68 | $868 |
| Net income | $252 | $848 |
| Net income attributable to Hillshire Brands | $252 | $845 |
| Comprehensive income | $249 | $806 |
| Balance sheet data (in $ millions) | ||
| Total assets | $2,434 | $2,450 |
| Total debt | $951 | $944 |
| Total equity | $2,434 | $2,450 |
| Common share data (in $) | ||
| Basic earnings per share | $1.50 | $(0.16) |
| Diluted earnings per share | $1.49 | $(0.16) |
| Cash flow data (in $ millions) | ||
| Net cash from operating activities | $253 | $249 |
| Net cash from (used in) investing activities | $(41) | $(521) |
| Net cash from (used for) financing activities | $(45) | $(1,346) |
| Cash and cash equivalents at end of year | $400 | $235 |
Source: “The Hillshire Brands Company Annual Report 2013”