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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.
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Lancaster Colony Corporation (Nasdaq: LANC) will release its third quarter fiscal 2021 financial results on May 4, 2021, before market opening. A conference call is scheduled for the same day at 10:00 am ET to discuss the results. The call will be available via webcast on the company's website. Lancaster Colony specializes in manufacturing and marketing specialty food products for retail and foodservice sectors.
Lancaster Colony Corporation (Nasdaq: LANC) has declared a quarterly cash dividend of 75 cents per share, payable on March 31, 2021, to shareholders of record as of March 9, 2021. This maintains the increased dividend level set three months ago, marking the 58th consecutive year of regular cash dividend increases. The indicated annual payout for the fiscal year ending June 30, 2021 is $2.95 per share, up from $2.75 in fiscal 2020. The company has paid 231 consecutive quarterly cash dividends since September 1963.
Lancaster Colony Corporation (Nasdaq: LANC) announced the appointment of Elliot K. Fullen to its Board of Directors, effective Feb. 24, 2021. Fullen, a Senior Advisor at Arsenal Capital Partners, brings over 30 years of experience in corporate strategy, mergers and acquisitions, and supply chain management. His previous roles include Vice President at Hexion Specialty Chemicals. Lancaster's Chairman, John B. Gerlach, Jr., emphasized Fullen's diverse expertise, which will enhance the Board's capabilities to drive business growth and better serve stakeholders.
Lancaster Colony Corporation (LANC) reported a record fiscal Q2 net sales of $375.0 million, up 5.6% from $355.1 million last year. Retail sales soared 19.5% to $222.6 million, driven by increased at-home food consumption during COVID-19 and strong sales of licensed products. However, Foodservice sales declined 9.7% to $152.4 million. Gross profit rose 7.0% to $106.8 million, and operating income increased 8.4% to $58.6 million. Net income showed slight growth at $1.62 per diluted share, impacted by higher manufacturing costs and Project Ascent expenditures.
Lancaster Colony Corporation (Nasdaq: LANC) will release its second quarter fiscal 2021 financial results on February 4, 2021, before market opening. A conference call will follow at 10:00 am ET to discuss these results, which will be available for live webcasting on the company's website. Lancaster Colony specializes in manufacturing and marketing specialty food products for retail and foodservice sectors.
Lancaster Colony Corporation (LANC) announced a quarterly cash dividend of 75 cents per share, continuing its streak of 58 consecutive years of dividend increases. This dividend will be paid on December 31, 2020 to shareholders recorded by December 7, 2020. The indicated annual payout for the fiscal year ending June 30, 2021 is $2.95 per share, up from $2.75 in fiscal 2020. Additionally, three incumbent directors were reelected at the annual meeting, further demonstrating the company's stability.
Lancaster Colony Corporation (LANC) reported fiscal Q1 2021 results, showing a 3.6% increase in consolidated net sales to $349.2 million, with retail net sales up 16.6% to $193.7 million due to pandemic-driven demand for at-home food consumption. However, foodservice sales declined 9.0% to $155.5 million. Gross profit rose slightly to $92.7 million, affected by higher manufacturing costs. Operating income dropped to $48.9 million, with net income down $3.7 million to $37.1 million, equating to $1.35 per diluted share. The company maintained its cash dividend at $0.70 per share.
Lancaster Colony Corporation (Nasdaq: LANC) will announce its first quarter fiscal 2021 financial results before the market opens on November 4, 2020. A conference call to discuss these results is scheduled for the same day at 10:00 am ET. The call will be available via live webcast on the company's website. Lancaster Colony specializes in manufacturing and marketing specialty food products for retail and foodservice channels.
Lancaster Colony Corporation (LANC) reported fourth-quarter results with consolidated net sales of $320.9 million, a slight decline of 0.9% from last year. Retail sales surged by 24.5% to $192.4 million, driven by increased at-home consumption during COVID-19. However, Foodservice sales fell by 24.1% to $128.4 million. Gross profit improved by 13.9% to $89.1 million, despite COVID-related costs. For the fiscal year, net sales reached a record $1.334 billion, up 2.0%. Net income declined to $137 million, with EPS at $4.97. The company maintained its quarterly dividend at $0.70 per share.
Lancaster Colony Corporation (Nasdaq: LANC) has scheduled its annual shareholder meeting on November 11, 2020, at 1:00 p.m. ET. This year’s event will be conducted virtually, allowing shareholders to vote and ask questions online. The record date for eligible shareholders is September 14, 2020. Further details will be provided in proxy materials sent to shareholders in early October. Lancaster Colony specializes in manufacturing and marketing specialty food products for retail and foodservice markets.
