American food company Hillshire Brands has reported a 3.4% rise in its Q3 2014 net sales to $955m, compared to $924m in the same quarter a year ago.
The increase in sales is attributable to positive price/mix in both the Retail and Foodservice/Other segments more than offset volume that declined, resulting largely from pricing actions.
The company's income from continuing operations was $42m, unchanged from last year.
On a year-to-date basis, net sales were up 2.1% to $3bn compared to the corresponding quarter in fiscal 2013.
The Hillshire Brands Company president and CEO Sean Connolly said that the company meaningfully improved its core business fundamentals and has increased the operating margins.
"In addition to our base business momentum, we are beginning to leverage our balance sheet for additional value creation, with a focus on acquisitions," Connolly added.
