Lancaster Colony Corp. (LANC) Misses Q4 EPS by 16c
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Lancaster Colony Reports Fourth Quarter And Fiscal Year Results
August 26, 2021 7:30 AM EDTWESTERVILLE, Ohio, Aug. 26, 2021 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) today reported results for the company's fiscal fourth quarter and fiscal year ended June 30, 2021.
Summary
Consolidated fourth quarter net sales increased 20.2% to a record $385.6 million. Retail segment net sales grew 11.4% in the quarter to $214.3 million while Foodservice segment net sales surged 33.3% to $171.3 million. For the fiscal year, consolidated net sales increased 9.9% to a record $1.5 billion as Retail segment net sales advanced 16.1% to $829.0 million and Foodservice segment net sales improved 2.9% to $638.1 million. Consolidated gross profit increased 8.5%... More