Lancaster Colony Corp. (LANC) Misses Q4 EPS by 8c
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Lancaster Colony Reports Fourth Quarter And Fiscal Year Results
August 17, 2017 7:20 AM EDTWESTERVILLE, Ohio, Aug. 17, 2017 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) today reported results for the fourth quarter and fiscal year ended June 30, 2017. Highlights are as follows:
Fourth Quarter Results
Total net sales increased 1.9% to $289.9 million versus $284.5 million last year. Retail net sales grew 6.1% with Olive Garden® dressings and Sister Schubert's® frozen dinner rolls noted contributors to organic growth of 4.1%. Incremental sales from Angelic Bakehouse, a producer of sprouted grain bakery products acquired in mid-November 2016, also drove retail net sales. The impact of slightly... More