Lancaster Colony Corp. (LANC) Misses Q2 EPS by 22c, Revenue Beats
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LANCASTER COLONY REPORTS SECOND QUARTER SALES AND EARNINGS
February 2, 2023 7:30 AM ESTWESTERVILLE, Ohio, Feb. 2, 2023 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) today reported results for the company's fiscal second quarter ended December 31, 2022.
Summary
Consolidated net sales increased 11.4% to a second quarter record $477.4 million versus $428.4 million last year. Retail net sales grew 5.6% to $258.8 million while Foodservice net sales advanced 19.2% to $218.6 million.Consolidated gross profit increased $5.5 million, or 5.7%, to $102.1 million.Consolidated operating income increased $6.0 million, or 13.3%, to $51.3 million.Net income was $1.45 per... More