Lancaster Colony Reports First Quarter Sales and Earnings
Lancaster Colony Corporation (LANC)
Last lancaster colony corporation earnings: 10/26 07:20 am
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Source: Business Wire
WESTERVILLE, Ohio--(BUSINESS WIRE)--Lancaster Colony Corporation (Nasdaq: LANC) today reported results for the company’s fiscal first quarter ended September 30, 2024.SummaryConsolidated net sales increased 1.1% to a first quarter record $466.6 million. Retail segment net sales declined 1.1% to $239.6 million. Note that excluding all sales attributed to the perimeter-of-the-store bakery product lines we exited this past March, Retail segment net sales grew 1.4%. Foodservice segment net sales increased 3.5% to $227.0 million.Consolidated gross profit increased 1.9% to a first quarter record $110.8 million.Consolidated operating income decreased 1.6% to $55.9 million.Net income reached $1.62 per diluted share versus $1.59 per diluted share last year.CEO David A. Ciesinski commented, “We were pleased to complete the quarter with record sales of $466.6 million and record gross profit of $110.8 million. In the Retail segment, we saw continued growth from our licensing program driven by
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News
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- 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
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