Imperial Capital Raises Price Target on Landec (LNDC) Following 4Q15 results
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Landec Corporation Reports Fiscal Fourth Quarter and Full Year 2015 Results
July 28, 2015 4:05 PM EDTMENLO PARK, Calif., July 28, 2015 (GLOBE NEWSWIRE) -- Landec Corporation (NASDAQ: LNDC), a leading developer and marketer of innovative and proprietary products for healthy living applications in the food and biomedical markets, reported results for the fiscal 2015 fourth quarter and fiscal year ended May 31, 2015.
"During the fourth quarter, revenues grew 11% and operating income grew 17% compared to the last year's fourth quarter. For all of fiscal 2015, revenues grew 13% to $539.3 million, exceeding $500 million for the first time in Landec's history," said Gary Steele, Landec's Chairman and CEO. "This growth was driven primarily by an... More
Landec Names Molly Hemmeter as CEO to Succeed Gary Steele Retiring Effective With the October 2015 Shareholder Meeting
July 28, 2015 9:01 AM EDTMENLO PARK, Calif., July 28, 2015 (GLOBE NEWSWIRE) -- Landec Corporation (NASDAQ: LNDC) announced the naming of Molly A. Hemmeter as Chief Executive Officer to succeed Gary T. Steele who is retiring effective with the Shareholder Meeting on October 15, 2015. Mr. Steele has agreed to remain as a member of the Board of Directors.
Since joining Landec in June 2009 as VP of Business Development and subsequently becoming Landec's Chief Commercial Officer and Chief Operating Officer, Ms. Hemmeter has led key strategic initiatives driving Landec's growth and profitability.
Starting in early 2013, Ms. Hemmeter has focused on... More
