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

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

Lancaster Colony Reports Fourth Quarter and Fiscal Year Results

August 27, 2020 7:30 AM EDT

WESTERVILLE, Ohio, Aug. 27, 2020 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) today reported results for the fourth quarter and fiscal year ended June 30, 2020.  Highlights are as follows:

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... More