Landec (LNDC) Tops Q1 EPS by 22c, Offers FY Guidance

Landec (NASDAQ: LNDC) reported Q1 EPS of $0.11, $0.22 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $135.6 million versus the consensus estimate of $127.9 million.

GUIDANCE:

Landec sees FY2020 revenue of $530-550 million, versus the consensus of $541.1 million.

• Consolidated Revenues: range of $530 million to $550 million (-10% to -7%)
• Lifecore: range of $93 million to $97 million (+8% to +13%)
• Curation Foods: range of $437 million to $453 million (-13% to -10%)

Adjusted EBITDA:

• Consolidated: range of $33 million to $37 million (+50% to +68%)
• Lifecore: range of $22.5 million to $24.5 million (+12% to +22%)
• Curation Foods: range of $12 million to $14 million (+181% to +238%)

Seasonality:

• Revenue: the Company continues to anticipate minimal quarterly variation due to seasonality for both Lifecore and Curation Foods.
• Adjusted EBITDA: the Company continues to anticipate minimal quarterly variation due to seasonality for the fiscal second, third, and fourth quarters during which both Lifecore and Curation Foods are expected to deliver normalized gross and adjusted EBITDA margins.

For earnings history and earnings-related data on Landec (LNDC) click here.

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