Lancaster Colony Corp. (LANC) Tops Q2 EPS by 4c
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Lancaster Colony Reports Second Quarter Sales And Earnings
February 4, 2020 7:30 AM ESTWESTERVILLE, Ohio, Feb. 4, 2020 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) today reported results for the company's fiscal second quarter ended December 31, 2019. Highlights for the quarter are as follows:
Consolidated net sales increased 1.6% to a second quarter record $355.1 million versus $349.6 million last year. Consolidated gross profit grew $8.5 million, or 9.3%, to $99.9 million driven by our cost savings programs, lower commodity costs, improved net price realization and a more favorable Foodservice segment sales mix. Retail net sales were flat at $186.2 million compared to $186.3 million in the prior... More