Lancaster Colony (LANC) Misses Q2 EPS by 10c
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Lancaster Colony Reports Second Quarter Sales And Earnings
January 28, 2016 7:21 AM ESTCOLUMBUS, Ohio, Jan. 28, 2016 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) today reported results for the company's second fiscal quarter ended December 31, 2015. Highlights for the quarter are as follows:
Net sales increased 7.0% to $324.8 million versus $303.4 million last year. Excluding sales contributed by the Flatout® flatbread business acquired in March 2015, net sales increased 4.2%. Excluding Flatout®, retail channel net sales improved only modestly with sales volumes nearly flat. Retail sales benefited from pricing actions taken to help counter higher egg costs attributed to the U.S. avian influenza outbreak... More