Lancaster Colony Corp. (LANC) Misses Q2 EPS by 27c

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Go back to Lancaster Colony Corp. (LANC) Misses Q2 EPS by 27c

LANCASTER COLONY REPORTS SECOND QUARTER SALES AND EARNINGS

February 3, 2022 7:30 AM EST

WESTERVILLE, Ohio, Feb. 3, 2022 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) today reported results for the company's fiscal second quarter ended December 31, 2021.

Summary

Consolidated net sales increased 14.2% to a second quarter record $428.4 million versus $375.0 million last year.  Retail net sales grew 10.1% to $245.1 million while Foodservice net sales advanced 20.3% to $183.3 million. Consolidated gross profit declined $10.2 million to $96.6 million. Consolidated operating income decreased $13.3 million to $45.3 million. Net income was $1.25 per diluted share versus $1.62 per diluted share last year.

CEO David A. Ciesinski... More