Lancaster Colony Stock Price, News & Analysis
Company Description
Lancaster Colony Corporation (Nasdaq: LANC), now known as The Marzetti Company, is a manufacturer and marketer of specialty food products for the retail and foodservice channels. According to the company’s news releases and SEC filings, it focuses on specialty food products that are sold through retail outlets and to foodservice customers, including national chain restaurant accounts.
An 8-K filing dated June 27, 2025 states that the company filed a certificate of amendment to change its name from “Lancaster Colony Corporation” to “The Marzetti Company.” The filing notes that the company’s common stock is scheduled to begin trading on the Nasdaq Global Select Market under the new symbol MZTI when the market opens on July 1, 2025, and that the CUSIP number for the common stock remains unchanged. The filing identifies Lancaster Colony Corporation as the former name of the registrant.
Company news releases describe Lancaster Colony and The Marzetti Company as manufacturers and marketers of specialty food products for both retail and foodservice channels. The business is organized into a Retail segment and a Foodservice segment, with segment information presented in multiple earnings releases. Retail segment net sales are associated with products sold through retail channels, while the Foodservice segment serves foodservice customers, including national chain restaurant account customers and branded foodservice products.
Subsidiary news releases for T. Marzetti Company, described as a wholly owned subsidiary of Lancaster Colony Corporation prior to the name change, state that T. Marzetti Company manufactures and sells specialty food products and that its foodservice business supplies sauces, dressings, breads, and pasta to many top restaurant chains in the United States. These releases also reference retail brands and licensed products managed within the broader Marzetti organization, indicating that Lancaster Colony’s operations are closely aligned with the Marzetti-branded retail and foodservice businesses.
Across its public communications, the company emphasizes specialty food products, licensing arrangements associated with well-known restaurant brands, and relationships with national chain restaurant accounts. Earnings releases highlight the importance of the Retail and Foodservice segments, cost savings programs, and manufacturing network optimization, including acquisitions of sauce and dressing production facilities and the planned closure of certain facilities as part of network optimization efforts.
Dividend-related news releases indicate that Lancaster Colony has a long history of paying regular quarterly cash dividends and that it has increased its regular cash dividend for many consecutive years. These releases describe the dividend history as a notable characteristic of the company and refer to the number of consecutive quarterly cash dividends paid since the early 1960s.
Business Segments
In its earnings releases, Lancaster Colony presents results by Retail and Foodservice business segments:
- Retail segment: Reported as including net sales and operating income associated with products sold through retail channels. Releases discuss retail net sales performance, sales volume measured in pounds shipped, and the impact of exiting certain perimeter-of-the-store bakery product lines.
- Foodservice segment: Reported as including net sales and operating income associated with products sold to foodservice customers. Releases refer to national chain restaurant account customers, branded foodservice products, and the effect of restaurant traffic trends and menu changes on demand.
Segment disclosures in the company’s news releases provide insight into how Lancaster Colony, now The Marzetti Company, views and reports its operations, emphasizing the contribution of each segment to total net sales and operating income.
Corporate Identity and Name Change
The June 27, 2025 Form 8-K filing explains that the company amended and restated its Articles of Incorporation and Regulations to reflect the name change from Lancaster Colony Corporation to The Marzetti Company. The filing states that, under Ohio law, a shareholder vote was not required to effect the name change, and that the name change does not affect the rights of the company’s security holders. The filing also notes that existing stock certificates bearing the former name remain valid.
Subsequent news releases refer to the company as The Marzetti Company (Nasdaq: MZTI) and describe it as a manufacturer and marketer of specialty food products for the retail and foodservice channels. Earlier releases, prior to the effective date of the name change, refer to Lancaster Colony Corporation (Nasdaq: LANC) with the same description of its business focus.
Subsidiary and Brand Context
News releases regarding T. Marzetti Company describe it as a wholly owned subsidiary of Lancaster Colony Corporation before the corporate name change. These releases state that T. Marzetti Company manufactures and sells specialty food products and that its retail brands include Marzetti dressings and dips, New York Bakery garlic breads, and Sister Schubert’s dinner rolls, along with exclusive license agreements associated with several restaurant brands. They also state that the foodservice business supplies sauces, dressings, breads, and pasta to many top restaurant chains in the United States.
These subsidiary descriptions illustrate the type of specialty food products and brand relationships that are part of the broader Lancaster Colony and Marzetti business. They also highlight the company’s focus on quality, flavor, and relationships with customers and partners, as described in the T. Marzetti Company mission and purpose statements.
Financial Reporting and Dividends
Multiple Lancaster Colony earnings releases provide condensed consolidated statements of income, business segment information, and balance sheets. These releases report net sales, cost of sales, gross profit, selling, general and administrative expenses, restructuring and impairment charges, operating income, pension settlement charges, other income, income before income taxes, taxes based on income, and net income. They also present net income per common share, cash dividends per common share, and weighted average common shares outstanding.
Dividend announcements describe quarterly cash dividends per common share and note the company’s long record of consecutive years of increased regular cash dividends and consecutive quarterly cash dividend payments. These characteristics are presented by the company as indicators of its dividend history and financial position.
Position of LANC Symbol
Following the name change described in the June 27, 2025 Form 8-K, the company’s common stock is scheduled to trade under the new symbol MZTI on the Nasdaq Global Select Market beginning July 1, 2025. The 8-K identifies Lancaster Colony Corporation as the former name of the registrant and The Marzetti Company as the new name. As a result, the symbol LANC represents the company’s historical trading symbol and corporate identity prior to the transition to MZTI.