Landec (LNDC) Trims Q2, FY16 Expectations

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Go back to Landec (LNDC) Trims Q2, FY16 Expectations

Landec Corporation Revises Guidance for Second Quarter and Fiscal 2016

December 8, 2015 6:30 AM EST

MENLO PARK, Calif., Dec. 08, 2015 (GLOBE NEWSWIRE) -- Landec Corporation (NASDAQ: LNDC), a leading developer and marketer of innovative and proprietary products for healthy living applications in the food and biomedical markets, has revised its revenue and net income guidance for the fiscal second quarter and fiscal year 2016 due to severe shortages of key produce items caused by unseasonably warm weather during the second quarter ended November 29, 2015.

During the second quarter of Landecs fiscal year 2016, Apio has been experiencing produce shortages and increased costs in many of our key vegetables due to... More