Lancaster Colony Corp. (LANC) Tops Q1 EPS by 22c
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LANCASTER COLONY REPORTS FIRST QUARTER SALES AND EARNINGS
November 3, 2022 7:30 AM EDTWESTERVILLE, Ohio, Nov. 3, 2022 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) today reported results for the company's fiscal first quarter ended September 30, 2022.
Summary
Consolidated net sales increased 8.5% to a first quarter record $425.5 million. Retail segment net sales declined 0.3% to $223.2 million while Foodservice segment net sales advanced 20.3% to $202.3 million.First quarter net sales were unfavorably impacted by an estimated $25 million in net sales that shifted into the quarter ended June 30, 2022 due to advance customer orders... More