Lancaster Colony Corp. (LANC) Misses Q4 EPS by 8c

Lancaster Colony Corp. (NASDAQ: LANC) reported Q4 EPS of $1.04, $0.08 worse than the analyst estimate of $1.12. Revenue for the quarter came in at $289.9 million versus the consensus estimate of $295.53 million.

Fiscal 2018 Outlook Mr. Ciesinski added, "As we look towards fiscal 2018, we expect retail sales will benefit from a full year with Angelic Bakehouse and contributions from new product introductions planned for launch throughout the year. On the foodservice side, we have several initiatives planned in support of profitable growth with both our existing customer base and new business relationships. In the first half of the fiscal year, we will continue to see an increase in SG&A expenses compared to the prior year attributable to our investments in personnel and strategic programs as well as the incremental amortization and non-cash charges related to the Angelic Bakehouse business. We also expect a slightly higher level of retail trade spending and consumer marketing expense for certain retail brands in the fiscal first quarter. Commodity costs are projected to be modestly unfavorable during the course of fiscal 2018, particularly in the first half of the year. Our supply chain team's recent lean six sigma initiative, with blackbelts and greenbelts now in place, will be focused on cost-saving opportunities and improved efficiencies throughout our operations."

For earnings history and earnings-related data on Lancaster Colony Corp. (LANC) click here.

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