Lancaster Colony (LANC) Tops Q4 EPS by 9c
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Lancaster Colony Reports Fourth Quarter And Fiscal Year Results
August 18, 2016 7:15 AM EDTCOLUMBUS, Ohio, Aug. 18, 2016 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) today reported results for the fourth quarter and fiscal year ended June 30, 2016. Highlights are as follows:
Fourth Quarter Results
Net sales increased 2.4% to $284.5 million versus $277.7 million last year led by sales growth in the retail channel, including continued strength in Olive Garden® retail dressings and improved demand for Sister Schubert's® frozen dinner rolls. Sales in the foodservice channel were flat as influenced by our business rationalization efforts within that channel and reduced contributions from national chain... More