Snyders-Lance, Inc. (LNCE) Tops Q1 EPS by 3c; Guides FY14

Snyders-Lance, Inc. (NASDAQ: LNCE) reported Q1 EPS of $0.26, $0.03 better than the analyst estimate of $0.23. Revenue for the quarter came in at $437 million versus the consensus estimate of $436.3 million.

FY14 expectations:

The Company estimates remain unchanged with net revenue for the full year 2014 expected to be up 3% to 5% organically when compared to 2013. Earnings per diluted share are expected to increase between 10% and 16% compared to 2013 earnings per diluted share, excluding special items. Capital expenditures for 2014 are projected to be between $70 and $75 million as investments are made in plant improvements, quality, capacity and innovation. Once the pending transactions are closed, we will provide updated estimates for 2014.

For earnings history and earnings-related data on Snyders-Lance, Inc. (LNCE) click here.

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