Food and beverage company Sara Lee (SLE.N) reported weaker-than-expected quarterly results after sales volume was hurt by price increases meant to buffer soaring commodity costs. The maker of Jimmy Dean sausages and Senseo coffee saw its shares fall 1.4 percent in premarket trading, even though it affirmed its full-year sales and earnings forecast. Sara Lee said last month that it plans to spin off its North American meats business into a new publicly traded company that will retain the "Sara Lee" name after takeover bids proved to be unsatisfactory. The remaining company will be an international beverage business whose name has yet to be determined.
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