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Lancaster Colony Corp. - LANC STOCK NEWS

Welcome to our dedicated news page for Lancaster Colony (Ticker: LANC), a resource for investors and traders seeking the latest updates and insights on Lancaster Colony.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lancaster Colony's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lancaster Colony's position in the market.

News
Lancaster Colony Continues Higher Cash Dividend
Rhea-AI Summary
Lancaster Colony Corporation (Nasdaq: LANC) declares a quarterly cash dividend of 90 cents per share, maintaining a higher level set three months ago. The company marks its 61st consecutive year of increased regular cash dividends, showcasing financial strength. CEO David A. Ciesinski highlights the 243rd consecutive quarterly cash dividend paid since September 1963, with an annual payout for fiscal year 2024 at $3.55 per share, up from $3.35 in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
Tags
dividends
-
News
Lancaster Colony Reports Second Quarter Sales and Earnings
Rhea-AI Summary
Lancaster Colony Corporation (Nasdaq: LANC) reported record-breaking results for the fiscal second quarter, with consolidated net sales increasing by 1.8% to $485.9 million. Retail net sales grew by 2.0% to $264.0 million, while Foodservice net sales advanced by 1.5% to $221.9 million. Consolidated gross profit increased by 19.0% to $121.5 million, and consolidated operating income increased by 28.1% to $65.8 million. Net income was $1.87 per diluted share versus $1.45 per diluted share last year. CEO David A. Ciesinski expressed satisfaction with the record sales and profit, attributing the growth to volume gains in the Retail segment and increased demand in the Foodservice segment. Looking ahead, the company projects continued sales growth in both segments, albeit with some headwinds from deflationary pricing in the Foodservice segment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.02%
Tags
earnings
-
News
Lancaster Colony to Webcast Second Quarter Fiscal Year 2024 Conference Call
Rhea-AI Summary
Lancaster Colony Corporation (Nasdaq: LANC) will release its second quarter fiscal year 2024 financial results on February 1, 2024. The company will host a conference call to review its financial results and the webcast will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.82%
Tags
conferences earnings
News
Lancaster Colony Announces Changes to Board of Directors
Rhea-AI Summary
Lancaster Colony Corporation (Nasdaq: LANC) appoints Alan F. Harris as Chairman of the Board of Directors effective January 1, 2024, succeeding Chairman John B. Gerlach, Jr. Mr. Harris has extensive experience in the food industry and consumer marketing, having served as a director on the Lancaster Colony Board since 2008 and as Lead Independent Director since 2018. Mr. Gerlach, the Corporation’s longest-serving director, will remain a member of the Board of Directors. President and CEO David A. Ciesinski expressed gratitude for Mr. Gerlach's leadership and dedication, while congratulating Mr. Harris on his new appointment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.05%
Tags
management
-
News
Lancaster Colony Increases Regular Cash Dividend; Reelects Three Incumbent Directors
Rhea-AI Summary
Lancaster Colony Corporation (Nasdaq: LANC) declared a 90 cents per common share quarterly cash dividend, marking 61 consecutive years of increasing regular cash dividends. The dividend will be payable on December 29, 2023, to shareholders of record on December 4, 2023. CEO David A. Ciesinski highlighted the company's strong financial position and the indicated annual payout for the current fiscal year ending June 30, 2024, at $3.55 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.56%
Tags
dividends
-
News
Lancaster Colony Reports First Quarter Sales and Earnings
Rhea-AI Summary
Lancaster Colony Corporation reported a 8.5% increase in consolidated net sales to a record $461.6 million for the fiscal first quarter ended September 30, 2023. Retail segment net sales improved 8.5% to $242.2 million, while Foodservice segment net sales advanced 8.4% to $219.4 million. Consolidated gross profit increased 9.8% to $108.7 million, and consolidated operating income increased 15.2% to $56.8 million. Net income was $1.59 per diluted share, compared to $1.36 per diluted share last year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.13%
Tags
earnings
News
Lancaster Colony to Webcast First Quarter Fiscal Year 2024 Conference Call
Rhea-AI Summary
Lancaster Colony Corporation to release first quarter fiscal year 2024 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.44%
Tags
conferences earnings
-
News
Lancaster Colony Appoints George Knight to Board of Directors
Rhea-AI Summary
Lancaster Colony appoints George Knight to Board of Directors
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.68%
Tags
management
-
News
Lancaster Colony Reports Fourth Quarter and Fiscal Year Results
Rhea-AI Summary
Lancaster Colony Corporation reported Q4 net sales of $454.7 million, a 0.5% increase. Retail segment net sales grew 1.3% to $236.2 million, while Foodservice segment net sales declined 0.4% to $218.5 million. Q4 gross profit decreased $5.2 million to $93.2 million. Q4 operating income declined $22.2 million to $11.5 million. Q4 net income was $0.33 per diluted share. CEO anticipates volume growth in Retail segment and continued positive momentum for New York BRAND Bakery products in fiscal 2024. Inflationary costs expected to subside. Completed implementation phase of ERP initiative. FY2023 net sales increased 8.7% to $1.82 billion. FY2023 net income was $111.3 million, or $4.04 per diluted share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.56%
Tags
earnings
News
Lancaster Colony Continues Higher Cash Dividend; Board of Directors Sets Annual Meeting Date and Time
Rhea-AI Summary
Lancaster Colony Corporation announces quarterly cash dividend and annual shareholder meeting
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.13%
Tags
management dividends
Stock LANC logo
Lancaster Colony Corp.

Nasdaq:LANC

LANC Rankings

#1431 Ranked by Market Cap
#2487 Ranked by Stock Gains
#1337 Ranked by Dividends

LANC Stock Data

5.40B
19.80M
28.25%
63.33%
2.29%
Fruit and Vegetable Canning
Manufacturing
Link
US
Westerville

About LANC

Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice markets.