Lancaster Colony Corp. (LANC) Q2 Revenue Misses Views
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Lancaster Colony Reports Second Quarter Sales And Earnings
January 25, 2018 7:25 AM ESTWESTERVILLE, Ohio, Jan. 25, 2018 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) today reported results for the company's fiscal second quarter ended December 31, 2017. Highlights for the quarter are as follows:
Consolidated net sales decreased 2.2% to $319.7 million versus $326.8 million last year. Retail net sales declined 1.9% to $179.3 million as continued growth for Olive Garden® dressings, a full quarter of sales contribution from Angelic Bakehouse, reduced trade spending and lower coupon expenses were more than offset by the impact of disruptions in the production and supply of our New York BRAND® Bakery... More