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Lancaster Colony Corp. (LANC)
NASDAQ:LANC
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$1.94Last Year’s EPS
$1.87Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -1.82%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with notable achievements in sales records, market share gains, and successful product launches. However, these positives were offset by challenges such as a decline in operating income, increased SG&A expenses, and profitability issues in the Foodservice segment.Company Guidance
During Lancaster Colony Corporation's Q1 2025 earnings call, the company provided guidance on several key financial metrics, reflecting a positive outlook for the year. Consolidated net sales increased by 1.1% to a record $467 million, while gross profit also grew by 1.9% to $111 million, with a gross margin expansion of 20 basis points compared to the previous year. The Retail segment saw a modest decline in net sales by 1.1% due to the exit of certain bakery lines but experienced a 1.4% increase in net sales when excluding these lines, with volume growing by 1.9%. The Foodservice segment reported a 3.5% increase in net sales, driven by strong demand from national chain restaurant accounts. The company also achieved a sequential improvement of gross margin by 220 basis points compared to the previous quarter. Despite industry-wide traffic challenges, Lancaster Colony remains optimistic about its growth prospects, emphasizing supply chain efficiencies, strategic licensing, and new product introductions, such as the Texas Roadhouse dinner rolls and Chick-fil-A sauces, as pivotal growth drivers. The company maintains a robust financial position with a debt-free balance sheet and $135.1 million in cash, forecasting capital expenditures between $70 million and $80 million for fiscal 2025.Record First Quarter Sales
Consolidated net sales increased 1.1% to a first quarter record $467 million, with gross profit increasing 1.9% to a record $111 million.
Strong Retail Performance
Retail segment saw a 1.4% net sales increase (excluding exited bakery lines) and a 1.9% volume growth. Notable product launches like Subway sauces and Texas Roadhouse dinner rolls contributed to these results.
Foodservice Segment Growth
Net sales in the Foodservice segment grew 3.5%, with volume up 3.1%, despite industry-wide slowing traffic trends.
Market Share Gains
Sister Schubert's brand advanced 5.3%, with combined sales including Texas Roadhouse rolls up 17.9%. Marzetti brand produce dips also saw a 1.7% sales increase.
Licensing Program Success
Olive Garden dressings sales increased 3.3%, while Chick-fil-A sauces grew 3.4% and Buffalo Wild Wings sauces were up 5%.
Continued Dividend Growth
Quarterly cash dividend increased by 6%, marking 61 consecutive years of dividend growth.
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LANC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LANC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $184.05 | $172.71 | -6.16% |
| Aug 22, 2024 | $195.59 | $171.46 | -12.34% |
| May 02, 2024 | $188.57 | $189.13 | +0.30% |
| Feb 01, 2024 | $180.24 | $200.11 | +11.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lancaster Colony Corp. (LANC) report earnings?
Lancaster Colony Corp. (LANC) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Lancaster Colony Corp. (LANC) earnings time?
Lancaster Colony Corp. (LANC) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LANC EPS forecast?
LANC EPS forecast for the fiscal quarter 2025 (Q2) is $1.94.
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