Lancaster Colony Corp. (LANC) Misses Q1 EPS by 25c, Revenue Beats
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Lancaster Colony Reports First Quarter Sales And Earnings
November 4, 2020 7:30 AM ESTWESTERVILLE, Ohio, Nov. 4, 2020 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) today reported results for the company's fiscal first quarter ended September 30, 2020. Highlights for the quarter are as follows:
Consolidated net sales increased 3.6% to a first quarter record $349.2 million versus $337.1 million last year. Excluding all sales attributed to a temporary supply agreement resulting from the acquisition of Omni Baking Company, consolidated net sales increased 5.2%. Retail net sales grew 16.6% to $193.7 million as the impacts of the COVID-19 outbreak continued to drive higher demand for at-home food... More