Lancaster Colony Reports Fourth Quarter and Fiscal Year Results
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Lancaster Colony Corp. (LANC) Misses Q4 EPS by 9c, Revenues Miss
August 27, 2019 7:35 AM EDTLancaster Colony Corp. (NASDAQ: LANC) reported Q4 EPS of $1.20, $0.09 worse than the analyst estimate of $1.29. Revenue for the quarter came in at $323.7 million versus the consensus estimate of $331.56 million.
Fourth Quarter Results
Consolidated net sales increased 5.0% to a fourth quarter record $323.7 million versus $308.2 million last year. Excluding net sales attributed to Bantam Bagels and Omni Baking Company, both of which were acquired during our fiscal second quarter, consolidated net sales increased 1.3%.Retail net sales declined 1.4% to $154.5 million. Excluding the incremental contribution from Bantam Bagels, Retail net sales declined 2.2%. Reduced sales... More