Lancaster Colony Corp. (LANC) Tops Q4 EPS by 14c, Revenues Beat
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Lancaster Colony Reports Fourth Quarter and Fiscal Year Results
August 27, 2020 7:30 AM EDTWESTERVILLE, 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