Lancaster Colony Reports First Quarter Sales And Earnings
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Lancaster Colony Corp. (LANC) Tops Q1 EPS by 20c, Revenues Beat
November 4, 2019 7:31 AM UTCLancaster Colony Corp. (NASDAQ: LANC) reported Q1 EPS of $1.48, $0.20 better than the analyst estimate of $1.28. Revenue for the quarter came in at $337.1 million versus the consensus estimate of $330.82 million.
Consolidated net sales increased 6.4% to a first quarter record $337.1 million versus $316.7 million last year. Excluding net sales attributed to Bantam Bagels and Omni Baking Company, both of which were acquired in the second quarter of fiscal 2019, consolidated net sales increased 2.6%.Retail net sales grew 2.0% to $166.1 million. Excluding the incremental contribution from Bantam Bagels, Retail net sales improved 1.5%. Organic sales growth was... More