Margins improve at Lancaster Colony [Seeking Alpha]
Lancaster Colony Corporation (LANC)
Last lancaster colony corporation earnings: 10/26 07:20 am
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US:NASDAQ Investor Relations:
lancastercolony.com/investors/events-and-presentations/default.aspx
Company Research
Source: Seeking Alpha
Margins improve at Lancaster Colony Lancaster Colony (NASDAQ: LANC FQ1 Operating income increased 5.3% during the quarter to $51.7M, driven by gross profit improvement. Retail segment operating margin improved 40 bps to 21.3%, while foodservice segment operating margin rose 160 bps to 13.9%. CEO update: "Looking ahead to our fiscal second quarter, historically our biggest sales quarter of the year, we will remain focused on our core strategic initiatives to grow our base business, pursue and achieve supply chain cost savings, and continue to integrate our recent acquisitions. Our ERP initiative, Project Ascent, is also progressing as planned with our internal team fully assembled and working with our system integrator. We will pursue a 'fit-to-standard' approach for the design and installation of an SAP software solution with the initial deployment planned to commence in the first half of fiscal 2021." Previously: Lancaster Colony EPS beats by $0.19, beats on revenue
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LANC
News
- Lancaster Colony to acquire Winland Foods' sauces and dressings facility [Yahoo! Finance]Yahoo! Finance
- LANC to Acquire Atlanta-Based Sauce and Dressing Production Plant [Yahoo! Finance]Yahoo! Finance
- Lancaster Colony Co. (NASDAQ: LANC) had its "equal weight" rating re-affirmed by analysts at Stephens. They now have a $196.00 price target on the stock.MarketBeat
- Lancaster Colony Co. (NASDAQ: LANC) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
- Lancaster Colony to Acquire Sauce and Dressing Production Facility [Yahoo! Finance]Yahoo! Finance
LANC
Earnings
- 10/31/24 - Miss
LANC
Sec Filings
- 11/18/24 - Form 8-K
- 11/14/24 - Form SC
- 11/7/24 - Form 4
- LANC's page on the SEC website