Lancaster Colony Corp. (LANC) Tops Q2 EPS by 18c, Revenues Beat
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Lancaster Colony Reports Second Quarter Sales and Earnings
February 4, 2021 7:30 AM ESTWESTERVILLE, Ohio, Feb. 4, 2021 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) today reported results for the company's fiscal second quarter ended December 31, 2020.
Summary
Consolidated net sales increased 5.6% to a second quarter record $375.0 million versus $355.1 million last year. Retail net sales grew 19.5% to $222.6 million while Foodservice net sales declined 9.7% to $152.4 million. Excluding all Omni Baking sales attributed to a temporary supply agreement that was terminated effective October 31, 2020, consolidated net sales increased 7.3%. Consolidated gross profit increased 7.0% to a second quarter record $106.8 million. Consolidated operating... More