Lancaster Colony Corp. (LANC) Tops Q4 EPS by 9c

Lancaster Colony Corp. (NASDAQ: LANC) reported Q4 EPS of $1.18, $0.09 better than the analyst estimate of $1.09. Revenue for the quarter came in at $308.2 million versus the consensus estimate of $294.42 million.

Guidance:

Mr. Ciesinski added, "Looking ahead to fiscal 2019, Retail sales will benefit from new product introductions planned for launch throughout the year, including Marzetti® Simple Harvest® plant-based, non-dairy dips for the produce department; a fresh lineup of 60-calorie Flatout® flatbread wraps; and Angelic Bakehouse® non-GMO sprouted grain wraps with flavors such as Kale & Spinach, Beet and Sweet Potato. In addition, our Retail segment expects to build upon the recent rollout of the new Olive Garden® Parmesan Ranch dressing flavor and implement a follow-on program to our recent successful retail test of Buffalo Wild Wings® sauces sold under a license agreement. In the Foodservice segment, we expect to continue to strengthen our existing customer base and pursue new opportunities for profitable growth through our culinary expertise and noted reputation for custom-formulated dressings and dipping sauces, frozen breads and rolls, and frozen pasta. Based on our current assessment, commodity costs are projected to remain unfavorable in fiscal 2019, although to a lesser extent than we experienced in fiscal 2018. Freight costs are also expected to persist as a headwind through the first half of the fiscal year. Higher pricing in both the Retail and Foodservice segments will help to offset these increased costs. In addition, our supply chain team will remain focused on cost-saving initiatives and opportunities throughout the coming year."

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

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