Lancaster Colony Corp. (LANC) Tops Q2 EPS by 6c
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Lancaster Colony Reports Second Quarter Sales And Earnings
January 26, 2017 7:20 AM ESTCOLUMBUS, Ohio, Jan. 26, 2017 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) today reported results for the company's second fiscal quarter ended December 31, 2016. Highlights for the quarter are as follows:
Net sales increased 0.6% to $326.8 million versus $324.8 million last year. In the retail channel, net sales increased 3% with Olive Garden® dressings, New York BRAND® Bakery frozen garlic bread products, Sister Schubert's® frozen dinner rolls, Flatout® flatbreads and Reames® frozen noodles contributing to growth. Retail sales gains were impacted by increased trade promotions and product placement costs. Net sales in the foodservice channel declined... More