Lancaster Colony Corporation

LANC

US5138471033

Food Processing

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-24 pm EDT			5-day change	1st Jan Change
188.8 ^USD	+1.04%		-0.64%	+13.47%

Mar. 11	Jefferies Raises Price Target on Lancaster Colony to $203 From $200, Maintains Hold Rating	MT
Feb. 14	Lancaster Colony Keeps Quarterly Cash Dividend at $0.90 per Share, Payable March 29 to Shareholders of Record on March 7	MT

Lancaster Colony Corporation Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2022

February 02, 2023 at 07:42 am EST

Lancaster Colony Corporation reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was USD 477.39 million compared to USD 428.43 million a year ago. Net income was USD 39.97 million compared to USD 34.37 million a year ago. Basic earnings per share from continuing operations was USD 1.45 compared to USD 1.25 a year ago. Diluted earnings per share from continuing operations was USD 1.45 compared to USD 1.25 a year ago.
For the six months, sales was USD 902.93 million compared to USD 820.48 million a year ago. Net income was USD 77.57 million compared to USD 65.03 million a year ago. Basic earnings per share from continuing operations was USD 2.82 compared to USD 2.36 a year ago. Diluted earnings per share from continuing operations was USD 2.81 compared to USD 2.36 a year ago.

Latest news about Lancaster Colony Corporation

Jefferies Raises Price Target on Lancaster Colony to $203 From $200, Maintains Hold Rating	Mar. 11	MT
Lancaster Colony Keeps Quarterly Cash Dividend at $0.90 per Share, Payable March 29 to Shareholders of Record on March 7	Feb. 14	MT
Lancaster Colony Corporation Declares Quarterly Dividend, Payable on March 29, 2024	Feb. 14	CI
North American Morning Briefing : Hopes of March -2-	Feb. 05	DJ
Stephens Downgrades Lancaster Colony to Equalweight From Overweight, Raises Price Target to $218 From $205	Feb. 02	MT
Sector Update: Consumer Stocks Advance Late Afternoon	Feb. 01	MT
Sector Update: Consumer Stocks Gain in Afternoon Trading	Feb. 01	MT
Sector Update: Consumer	Feb. 01	MT
Lancaster Colony Shares Rise After Reporting Fiscal Q2 Earnings, Net Sales Increase	Feb. 01	MT
Lancaster Colony Seeks Mergers and Acquisitions	Feb. 01	CI
Transcript : Lancaster Colony Corporation, Q2 2024 Earnings Call, Feb 01, 2024	Feb. 01
Lancaster Colony Fiscal Q2 Earnings, Net Sales Increase	Feb. 01	MT
Lancaster Colony Corporation Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023	Feb. 01	CI
Earnings Flash (LANC) LANCASTER COLONY CORPORATION Reports Q2 Revenue $485.9M, vs. Street Est of $493.3M	Feb. 01	MT
Lancaster Colony Corporation Announces Board Changes	Dec. 19	CI
Jefferies Starts Coverage on Lancaster Colony With Hold Rating, $166 Price Target	Nov. 27	MT
Lancaster Colony Corporation Increases Regular Quarterly Cash Dividend, Payable on December 29, 2023	Nov. 08	CI
Transcript : Lancaster Colony Corporation, Q1 2024 Earnings Call, Nov 02, 2023	Nov. 02
Tranche Update on Lancaster Colony Corporation's Equity Buyback Plan announced on August 25, 2004.	Nov. 02	CI
Earnings Flash (LANC) LANCASTER COLONY CORPORATION Posts Q1 Revenue $461.6M	Nov. 02	MT
Lancaster Colony Corporation Reports Earnings Results for the First Quarter Ended September 30, 2023	Nov. 02	CI
Stephens Initiates Lancaster Colony With Overweight Rating, Price Target is $205	23-10-13	MT
Lancaster Colony Appoints George Knight to Board of Directors	23-09-20	CI
Loop Capital Adjusts Price Target on Lancaster Colony to $226 From $237, Maintains Buy Rating	23-08-24	MT
Sector Update: Consumer Stocks Higher in Late Afternoon Trading	23-08-23	MT

Chart Lancaster Colony Corporation

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Company Profile

Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. The Company operates through two segments: Retail Segment and Foodservice Segment. Its Retail Segment manufactures and sells frozen breads, refrigerated dressings and dips, and shelf-stable dressings and croutons under the brand names New York BRAND Bakery, Marzetti, Marzetti Simply, Cardiniâs, Girardâs and others. It also manufactures and sells other products pursuant to brand license agreements, including Chick-fil-A sauces and dressings, Olive Garden dressings and Buffalo Wild Wings sauces. Its Foodservice segment manufactures and sells salad dressings, sandwich and dipping sauces, frozen breads and yeast rolls. Its products are sold through sales personnel, food brokers and distributors in the United States. Its products are also sold under private label to restaurants. It also manufactures and sells various branded foodservice products to distributors.

Sector

Food Processing

Calendar

2024-05-02 - Q3 2024 Earnings Release

Related indices

Russell 2000

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Ratings for Lancaster Colony Corporation

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

186.9 USD

Average target price

212.2 USD

Spread / Average Target

+13.53%

Consensus

EPS Revisions

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Quarterly earnings - Rate of surprise

Company calendar

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