Lancaster Colony Corp. (LANC) Misses Q3 EPS by 27c
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Lancaster Colony Reports Third Quarter Sales And Earnings
May 5, 2020 7:30 AM EDTWESTERVILLE, Ohio, May 5, 2020 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) today reported results for the company's fiscal third quarter ended March 31, 2020. Highlights for the quarter are as follows:
Consolidated net sales increased 1.1% to a third quarter record $321.4 million versus $317.9 million last year. Retail net sales increased 10.7% to $169.4 million compared to $153.0 million in the prior year. Retail net sales benefited from higher demand as the COVID-19 outbreak and related stay-at-home orders led to increased consumer demand in the retail channel during the second half of March in... More