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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 Corporation (Nasdaq: LANC) reported its fiscal first quarter results, showing a record net sales of $425.5 million, an increase of 8.5% year-over-year. The Retail segment saw a slight decline of 0.3% to $223.2 million, while Foodservice net sales surged by 20.3% to $202.3 million. Gross profit also increased by 7.2% to $99.1 million with a gross profit margin of 23.3%. Net income rose to $1.36 per diluted share, up from $1.11 in the previous year, despite challenges from cost inflation and a shift in sales due to ERP implementation.
Lancaster Colony Corporation (Nasdaq: LANC) will release its Q1 fiscal year 2023 financial results on November 3, 2022, before market open. A conference call to discuss these results will begin at 10:00 am ET on the same day. Interested parties can listen via live webcast on the company's website. Lancaster Colony specializes in manufacturing and marketing specialty food products for retail and foodservice markets.
Lancaster Colony Corporation (LANC) reported a 17.3% increase in fourth quarter net sales to a record $452.4 million for the fiscal year ending June 30, 2022. The Retail segment grew 8.8% to $233.1 million, while Foodservice surged 28.1% to $219.3 million. Despite record gross profit of $98.4 million, operating income fell 21.3% due to restructuring charges. Net income declined to $1.06 per diluted share from $1.15. Looking ahead, LANC faces challenges from rising commodity costs and anticipated impacts from advance customer orders.
Lancaster Colony Corporation (Nasdaq: LANC) has declared a quarterly cash dividend of 80 cents per share, payable on September 30, 2022, to shareholders of record as of September 9, 2022. This marks the 59th consecutive year of dividend increases, making the company one of only 13 U.S. firms with such a record. CEO David A. Ciesinski noted that this dividend reflects the company's strong financial position. Additionally, the annual shareholder meeting is scheduled for November 9, 2022, in a virtual format.
Lancaster Colony Corporation (Nasdaq: LANC) is set to release its fourth quarter and fiscal year 2022 financial results on August 25, 2022, before market opening. Following the release, a conference call will take place at 10:00 am ET to discuss the results.
The call will be available for live streaming on the company's website. Lancaster Colony specializes in manufacturing and marketing specialty food products in both retail and foodservice sectors.
Lancaster Colony Corporation (NASDAQ: LANC) announced a significant milestone in its Project Ascent ERP initiative, with the Wave 1 implementation completed as of July 1, 2022. The new SAP S/4 HANA system is operational across two manufacturing plants, a distribution center, and third-party warehouses, enabling efficient order processing and fulfillment. The company anticipates ongoing improvements as it addresses minor issues typical of such large-scale projects, with future waves scheduled over the next 12 to 18 months to include additional facilities.
Lancaster Colony Corporation (Nasdaq: LANC) has declared a quarterly cash dividend of 80 cents per share, payable on June 30, 2022, to shareholders of record on June 9, 2022. This dividend maintains the higher level set six months ago, marking the company’s 59th consecutive year of increased cash dividends. CEO David A. Ciesinski highlighted that this will be the 236th consecutive quarterly cash dividend since September 1963. The annual payout for the fiscal year ending June 30, 2022, is $3.15 per share, up from $2.95 paid in fiscal 2021.
Lancaster Colony Corporation (LANC) reported strong fiscal Q3 results for the period ending March 31, 2022, with **net sales** rising **12.9%** to a record **$403.5 million**. However, gross profit fell to **$68.3 million**, a decline of **$22.2 million**, and the company posted an operating loss of **$7.6 million** due to restructuring costs related to Bantam Bagels. Net loss stood at **$4.5 million** or **$0.17 per share**. Despite challenges from inflation and supply chain disruptions, CEO David Ciesinski noted ongoing demand for licensed products and a focus on pricing actions to mitigate costs.
Lancaster Colony Corporation (Nasdaq: LANC) will release its third quarter fiscal year 2022 financial results on May 5, 2022, before the market opens. A conference call is scheduled for 10:30 am ET the same day to discuss these results. The call will be available via live webcast on the company's website, www.lancastercolony.com.
Lancaster Colony specializes in manufacturing and marketing specialty food products for retail and foodservice channels.
Lancaster Colony Corporation (Nasdaq: LANC) announced an agreement with Arby's Restaurant Group to supply Horsey Sauce® and Arby's Sauce® to U.S. and Canadian retail channels. A limited launch is scheduled for select Club stores in the U.S. starting in the fiscal first quarter ending September 30, 2022, with broader distribution anticipated in the fiscal second quarter. This agreement gives Lancaster Colony exclusive rights to distribute these sauces, enhancing their retail licensing program.
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