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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 announced that it will release its first quarter fiscal year 2025 financial results before the market opens on Thursday, October 31, 2024. The company will also host a conference call at 10:00 am ET on the same day to review these results.
Interested parties can access the conference call via a live webcast on the company's website, www.lancastercolony.com. To participate, visitors should click on the webcast link on the home page and enter their registration information.
Lancaster Colony is known for manufacturing and marketing specialty food products for both retail and foodservice channels.
Lancaster Colony (Nasdaq: LANC) reported results for Q4 and fiscal year 2024. Q4 highlights:
- Net sales declined 0.4% to $452.8 million
- Gross profit increased $4.4 million to $97.6 million
- Operating income rose $30.2 million to $41.7 million
- Net income was $1.26 per diluted share vs $0.33 last year
Fiscal year 2024: Net sales increased 2.7% to $1.87 billion, with net income of $158.6 million ($5.76 per diluted share). The company anticipates continued growth in fiscal 2025, driven by licensing programs and new product introductions in the Retail segment, and growth from select quick-service restaurant customers in the Foodservice segment.
T. Marzetti Company, a subsidiary of Lancaster Colony (NASDAQ: LANC), is launching its first-ever gluten-free line of New York Bakery frozen bread. The new offering includes Gluten Free Garlic Texas Toast and Five Cheese Texas Toast, available nationwide this Fall. After a decade of research, the company developed a patent-pending dough recipe that maintains the texture and integrity of their regular products. The gluten-free Texas Toast is certified and produced in a dedicated gluten-free facility.
The launch addresses the growing demand for gluten-free options without compromising on flavor or consistency. The products will be initially available at Publix and Walmart, with plans to expand to Kroger and Albertsons. This innovation demonstrates T. Marzetti's commitment to quality and meeting evolving consumer needs in the gluten-free market.
Lancaster Colony (Nasdaq: LANC) has declared a quarterly cash dividend of 90 cents per common share, payable September 30, 2024, to shareholders of record on September 9, 2024. This maintains the higher dividend level set nine months ago, marking the company's 61st consecutive year of increased regular cash dividends. Lancaster Colony is one of only 13 U.S. companies with such a long streak of dividend increases.
The company also announced its annual shareholder meeting will be held virtually on November 6, 2024, at 1:00 p.m. ET. Shareholders of record as of September 9, 2024, will be able to participate, vote, and submit questions during the webcast. Lancaster Colony specializes in manufacturing and marketing specialty food products for retail and foodservice channels.
Lancaster Colony (Nasdaq: LANC) has announced it will release its fourth quarter and fiscal year 2024 financial results before the market opens on Thursday, August 22, 2024. The company will host a conference call at 10:00 am ET on the same day to review these results. Investors can access the webcast live via the company's website at www.lancastercolony.com by clicking the webcast link on the home page and registering. Lancaster Colony is a manufacturer and marketer of specialty food products for both retail and foodservice channels.
Lancaster Colony announced its Board of Directors declared a quarterly cash dividend of 90 cents per common share, to be paid on June 28, 2024, to shareholders of record as of June 7, 2024. This maintains the increased dividend level set six months ago and marks the company's 61st consecutive year of increased regular cash dividends. The annual payout for the current fiscal year ending June 30, 2024, is $3.55 per share, up from $3.35 per share in fiscal 2023. Lancaster Colony boasts a record of 244 consecutive quarterly cash dividends since September 1963. Approximately 27,527,000 common shares are currently outstanding.
Lancaster Colony reported increased consolidated net sales by 1.4% to $471.4 million in the fiscal third quarter, with Retail net sales improving by 0.3% and Foodservice net sales growing by 2.6%. Consolidated gross profit increased by 10.9% to $104.5 million, driven by pricing favorability, cost savings initiatives, and volume growth. The company decided to exit perimeter-of-the-store bakery product lines, resulting in a $2.6 million inventory write-down. CEO David A. Ciesinski expressed optimism for the Retail segment and continued volume growth in the Foodservice segment.
