Lancaster Colony (LANC) Tops Q3 EPS by 23c
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Lancaster Colony Reports Record Third Quarter Sales And Earnings
April 28, 2016 7:20 AM EDTCOLUMBUS, Ohio, April 28, 2016 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) today reported results for the company's third fiscal quarter ended March 31, 2016. Highlights for the quarter are as follows:
Net sales increased 9.3% to a record $287.8 million versus $263.4 million last year. Excluding sales contributed by the Flatout® flatbread business acquired on March 13, 2015, net sales increased 6.1%. Higher sales volumes in both the retail and foodservice channels contributed to sales growth. Excluding Flatout®, retail sales gains were driven by our Marzetti® refrigerated dressings, including the Simply Dressed® line, and increased demand for... More