Lancaster Colony Reports Fourth Quarter and Fiscal Year Results

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Go back to Lancaster Colony Reports Fourth Quarter and Fiscal Year Results

Lancaster Colony Corp. (LANC) Tops Q4 EPS by 14c, Revenues Beat

August 27, 2020 7:36 AM EDT

Lancaster Colony Corp. (NASDAQ: LANC) reported Q4 EPS of $1.10, $0.14 better than the analyst estimate of $0.96. Revenue for the quarter came in at $320.9 million versus the consensus estimate of $298.63 million.

Fourth Quarter Results

Consolidated net sales declined 0.9% to $320.9 million versus $323.7 million last year. Excluding all sales attributed to a temporary supply agreement resulting from the November 16, 2018 acquisition of Omni Baking Company, consolidated net sales increased 0.7%.Retail net sales surged 24.5% to a record $192.4 million as the impacts of the COVID-19 outbreak drove higher demand for at-home food consumption. The increase in... More