Welcome to our dedicated page for Lancaster Colony news (Ticker: LANC), a resource for investors and traders seeking the latest updates and insights on Lancaster Colony stock.
Lancaster Colony Corporation (LANC) delivers specialty food solutions to retail and foodservice markets through continuous innovation and rigorous quality standards. This page provides investors and industry professionals with timely updates on corporate developments, financial performance, and market strategies.
Access official press releases, earnings announcements, and operational updates in one centralized location. Track the company’s progress in product development, supply chain initiatives, and responses to evolving consumer trends within the competitive food manufacturing sector.
Key content areas include quarterly financial results, new market expansions, product line innovations, and strategic partnerships. All materials are sourced directly from company communications to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for ongoing access to Lancaster Colony’s latest developments, or check back regularly to stay informed about this industry leader’s role in shaping the specialty foods landscape.
Lancaster Colony (Nasdaq: LANC) has scheduled its third quarter fiscal year 2025 financial results release for Wednesday, April 30, 2025, before market opening. The specialty food products manufacturer will host a conference call at 10:00 am ET on the same day to discuss the results.
Investors and interested parties can access the webcast through the company's website at www.lancastercolony.com by clicking the webcast link on the homepage and completing the registration process. Lancaster Colony specializes in manufacturing and marketing specialty food products for both retail and foodservice channels.
T. Marzetti Company, a subsidiary of Lancaster Colony (Nasdaq: LANC), has appointed Tanya Berman as President of its retail business unit, effective April 21, 2025. Berman will oversee sales, marketing, and innovation for T. Marzetti's portfolio of retail brands and licensed products.
Bringing 25 years of experience in general management and marketing, Berman joins from Mondelez where she served as Senior Vice President managing the U.S. cookie and cracker brands portfolio. Her previous roles include Vice President of the Chocolate Business Unit at Mars Wrigley and leadership positions at Bayer Consumer Care and Johnson & Johnson Consumer Products.
Marzetti and TABASCO® Brand have announced their first-ever collaboration to create a new refrigerated spicy ranch dressing. The product combines Marzetti's creamy ranch with TABASCO® Pepper Sauce, targeting the growing demand for spicy foods while maintaining ranch's position as America's #1 dressing.
The new Marzetti Spicy Ranch Seasoned with TABASCO® Sauce is made with quality ingredients, containing no preservatives or artificial flavors. It will be available in the refrigerated produce section at Kroger stores nationwide immediately, with expansion to Walmart and other local grocery stores by May.
This strategic partnership brings together two century-old brands, offering a premium product that caters to both ranch lovers and heat seekers. The dressing is designed to complement various foods including pizza, wings, fries, salads, burgers, and tacos, providing a balanced blend of heat and creaminess.
Lancaster Colony (LANC) has declared a quarterly cash dividend of 95 cents per common share, maintaining the higher level set three months ago. The dividend will be payable March 31, 2025, to shareholders of record on March 7, 2025.
This declaration marks the company's 62nd consecutive year of increased regular cash dividends, making Lancaster Colony one of only 12 U.S. companies with such a long streak. The indicated annual payout for fiscal year 2025 is $3.75 per share, up from $3.55 per share in fiscal 2024. The company has approximately 27,571,000 common shares outstanding and has paid 247 consecutive quarterly cash dividends since September 1963.
T. Marzetti Company, a Lancaster Colony subsidiary (NASDAQ: LANC), has secured two 2025 Product of the Year Awards for recent product launches. New York Bakery™ Gluten Free Texas Toast won top gluten-free item, while Texas Roadhouse™ Mini Rolls claimed the top bakery side dish award.
The Gluten Free Texas Toast, launched in August 2024, features a patent-pending dough-based recipe and proprietary production process developed over a decade. Produced in a dedicated gluten-free facility, it's available at major retailers including Publix, Walmart, Kroger, Meijer, and Albertsons.
Texas Roadhouse Mini Rolls, launched in June 2024, are part of T. Marzetti's exclusive licensing agreement with Texas Roadhouse. The product includes a 12-count bakeable pan with honey cinnamon glaze and is currently exclusive to Walmart, with expanded distribution planned.
Lancaster Colony (LANC) reported strong fiscal second quarter results with record-breaking performance. Consolidated net sales increased 4.8% to $509.3 million, with Retail net sales growing 6.3% to $280.8 million and Foodservice net sales advancing 3.0% to $228.5 million.
Gross profit reached a record $132.8 million, up 9.3%. Operating income grew 15.1% to $75.7 million. However, net income per diluted share decreased to $1.78 from $1.87, primarily due to a $14.0 million noncash pension settlement charge and expenses related to a planned acquisition of an Atlanta-based sauce facility.
Growth was driven by the company's licensing program, including Texas Roadhouse dinner rolls and Buffalo Wild Wings sauces, along with strong performance from Marzetti brand products. The company expects continued retail growth from its expanding licensing program and anticipates completing the Atlanta facility acquisition in Q3 2025.
Lancaster Colony (Nasdaq: LANC) has announced it will release its second quarter fiscal year 2025 financial results before market opening on Tuesday, February 4, 2025. The company will host a conference call at 10:00 am ET on the same day to discuss the results.
Investors can access the webcast through the company's website at www.lancastercolony.com by clicking the webcast link on the home page and completing the registration process. Lancaster Colony operates as a manufacturer and marketer of specialty food products, serving both retail and foodservice channels.
Lancaster Colony (Nasdaq: LANC) has announced plans to acquire a sauce and dressing production facility in Atlanta, Georgia from Winland Foods for approximately $75 million. The transaction is expected to close in Q1 2025. The facility spans 300,000 square feet, with 250,000 square feet dedicated to manufacturing. The acquisition aims to improve operational efficiency, add capacity, and enhance proximity to core customers while strengthening manufacturing network continuity. The company determined this asset purchase as the most practical and cost-effective solution for their long-term business needs.
Lancaster Colony (Nasdaq: LANC) announced a quarterly cash dividend increase to 95 cents per common share, marking 62 consecutive years of increasing regular cash dividends. The dividend is payable December 31, 2024, to shareholders of record on December 5, 2024. The company's indicated annual payout for fiscal year ending June 30, 2025, will be $3.75 per share, up from $3.55 in fiscal 2024. Shareholders reelected three incumbent directors at the annual meeting. Lancaster Colony is among only 12 U.S. companies with 62 straight years of regular cash dividend increases, having paid 246 consecutive quarterly dividends since September 1963.
Lancaster Colony (LANC) reported fiscal first quarter results with record net sales of $466.6 million, up 1.1%. Retail segment sales declined 1.1% to $239.6 million, though excluding exited bakery lines, sales grew 1.4%. Foodservice segment sales increased 3.5% to $227.0 million. The company achieved record gross profit of $110.8 million, up 1.9%. Operating income decreased 1.6% to $55.9 million, while earnings per share improved to $1.62 from $1.59 year-over-year. Growth was driven by licensing programs including Subway sauces and Texas Roadhouse dinner rolls, along with increased demand from national chain restaurant customers.
