date:Feb 25, 2013
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The U.S. operating margin in 2012 was 1.4%, versus 6.5% in 2011. But in the fourth quarter, the margin was 2.5%, versus 3.5% in the fourth quarter of the year before.
While not commenting directly on B.B.U. operating profits in the earnings announcement, the company said integration expenses in the United States totaled $56 million, a figure greater than the operating income total of less than $41 million.
Regarding the 6% rise in fourth-quarter sales, Bimbo noted an additional month of Sar