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Lancaster Colony Corp. (LANC)
NASDAQ:LANC
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
1.58Last Year’s EPS
1.44Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: 15.44%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
Lancaster Colony reported strong financial performance with record highs in key financial metrics and maintained a strong strategic position with successful licensing and planned acquisitions. However, there were notable impacts from pension settlement charges and acquisition integration costs. The company remains optimistic about future growth despite potential challenges in the foodservice segment.Company Guidance
In the Lancaster Colony Corporation's fiscal year 2025 second quarter conference call, key financial metrics showed noteworthy performance. The company reported record highs with consolidated net sales rising 4.8% to $509 million, gross profit improving 9.3% to $133 million, and operating income growing 15.1% to $76 million. The retail segment saw a 6.3% increase in net sales, largely driven by the success of licensed products like Texas Roadhouse dinner rolls and Buffalo Wild Wings sauces. Additionally, the company's gross profit margin improved by 110 basis points to 26.1%. In the Foodservice segment, net sales grew by 3%, supported by higher demand from national chain restaurant accounts. Despite a $14 million non-cash pension settlement charge, the company's financial health remained strong with a debt-free balance sheet and $203.1 million in cash. Lancaster Colony also plans to invest $75 million in acquiring an Atlanta-based manufacturing facility to enhance its manufacturing network.Record Highs for Key Financial Metrics
Lancaster Colony reported record highs for net sales, gross profit, and operating income for the fiscal second quarter. Consolidated net sales increased 4.8% to $509 million, gross profit improved 9.3% to $133 million, and operating income grew 15.1% to $76 million.
Strong Retail Segment Performance
Retail segment net sales increased by 6.3%, driven by volume growth from both the licensing program and the company's own brands. Licensing saw strong consumer demand for Texas Roadhouse dinner rolls, Buffalo Wild Wings sauces, Subway sauces, and Olive Garden dressings.
Successful Licensing Program
The licensing program's success is evident with the growth of brands like Olive Garden, Chick-fil-A, and the recently introduced Texas Roadhouse rolls. Olive Garden dressings reached over $160 million in scanner sales.
Foodservice Segment Growth
Foodservice segment net sales grew 3%, led by higher demand from several core national chain restaurant accounts and increased sales for branded foodservice products.
Planned Acquisition for Strategic Expansion
Lancaster Colony announced the acquisition of an Atlanta-based manufacturing facility to enhance their sauce and dressing operations, supporting long-term business needs with improved operational efficiency and capacity.
Strong Financial Position
The company maintains a debt-free balance sheet with $203.1 million in cash, and returned funds to shareholders with a 6% increase in quarterly cash dividend to $0.95 per share.
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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 |
|---|---|---|---|
| Feb 04, 2025 | $166.50 | $180.96 | +8.68% |
| 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% |
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 May 01, 2025, TBA Not Confirmed.
What is Lancaster Colony Corp. (LANC) earnings time?
Lancaster Colony Corp. (LANC) earnings time is at May 01, 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 (Q3) is 1.58.
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