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) is a leading manufacturer and marketer of specialty food products, catering to both the retail and foodservice markets. Established in 1961, the company has built a strong reputation through its commitment to quality and innovation.
Core Business Segments:
- Retail: Lancaster Colony offers an array of products under well-known brands such as Cardini's, Girard's, Marzetti, Sister Schubert's, and New York Brand Bakery. Their portfolio includes salad dressings, sauces, frozen garlic breads, vegetable dips, fruit dips, frozen rolls, premium dry egg noodles, frozen specialty noodles, croutons, salad toppings, flatbread wraps, and pizza crusts.
- Foodservice: The company supplies a variety of food products to restaurants and institutional clients, ensuring consistent quality and catering to diverse culinary needs.
Product Segmentation:
- Non-frozen Foods: Representing approximately 70% of the company's net sales, this segment includes products like salad dressings, sauces, dips, croutons, and flatbread wraps.
- Frozen Foods: This segment encompasses frozen garlic breads, rolls, specialty noodles, and other frozen food items.
Recent Achievements and Partnerships:
Lancaster Colony is continually expanding its market presence through strategic partnerships and product innovations. For instance, their collaboration with Subway has been instrumental in enhancing their foodservice offerings.
Financial Health:
The company has a solid financial foundation, with robust sales and consistent growth in key markets. Lancaster Colony's prudent financial management and strategic investments ensure its sustainability and long-term success.
Commitment to Quality:
With a strong focus on quality control and customer satisfaction, Lancaster Colony ensures that every product meets the highest standards. Their dedication to excellence is reflected in their enduring consumer trust and loyalty.
Lancaster Colony Corporation (NASDAQ: LANC) will release its third quarter fiscal year 2023 financial results on May 4, 2023, before market opening. A conference call will follow at 10:00 am ET to discuss these results. The call will be available via live webcast on the company's website.
The company specializes in manufacturing and marketing specialty food products for retail and foodservice channels. This upcoming earnings report is essential for investors tracking the company’s performance and future guidance.
Lancaster Colony Corporation (NASDAQ: LANC) announced a quarterly cash dividend of
Lancaster Colony Corporation (LANC) reported record fiscal second quarter results for the period ending December 31, 2022, with net sales rising by 11.4% to $477.4 million. Retail sales increased 5.6% to $258.8 million, while Foodservice sales surged 19.2% to $218.6 million. Consolidated gross profit grew by 5.7% to $102.1 million, driving operating income up 13.3% to $51.3 million. Net income reached $40 million, or $1.45 per diluted share, exceeding $1.25 from the prior year. Strategic pricing measures helped offset inflationary costs, and production expansion in Kentucky was highlighted as a growth driver.
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