Lancaster Colony Corporation - Common Stock (LANC)
169.28
0.00 (0.00%)
Lancaster Colony Corporation specializes in the production and marketing of a diverse range of food products, primarily focusing on specialty foods and snacks
The company is well-known for its manufacturing of dressings, sauces, and bread products, including the iconic Texas Toast brand. Lancaster Colony also partners with various foodservice channels and retail outlets to provide a variety of high-quality, prepared food items, catering to consumer demands for both convenience and flavor. With a commitment to quality and innovation, the company continues to expand its product offerings to meet the evolving tastes and preferences of its customers.
Lancaster Colony Corporation (Nasdaq: LANC) announced today that it will release its second quarter fiscal year 2025 financial results prior to the opening of the market on Tuesday, February 4, 2025. The company will also host a conference call that same day beginning at 10:00 am ET to review its financial results.
Since June 2024, Lancaster Colony has been in a holding pattern, posting a small loss of 4.3% while floating around $178.60. The stock also fell short of the S&P 500’s 10.4% gain during that period.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the shelf-stable food industry, including J&J Snack Foods (NASDAQJJSF) and its peers.
Let’s dig into the relative performance of Lancaster Colony (NASDAQLANC) and its peers as we unravel the now-completed Q3 shelf-stable food earnings season.
Lancaster Colony Corporation (Nasdaq: LANC) announced today their planned acquisition of a sauce and dressing production facility located in Atlanta, Georgia from Winland Foods, Inc. This asset purchase transaction is expected to close in the first quarter of calendar year 2025, subject to customary closing conditions, with a purchase price of approximately $75 million. The production facility accounts for a total of approximately 300,000 square feet, of which approximately 250,000 square feet are designated for manufacturing.
Lancaster Colony Corporation (Nasdaq: LANC) announced today that its Board of Directors has declared a quarterly cash dividend of 95 cents per common share, marking 62 consecutive years of increasing regular cash dividends. The company is one of only 12 U.S. companies with 62 straight years of regular cash dividend increases. The dividend will be payable December 31, 2024 to shareholders of record on December 5, 2024. As of the record date for today’s annual shareholder meeting, there were 27,566,647 common shares outstanding.
Specialty food company Lancaster Colony (NASDAQLANC) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 1.1% year on year to $466.6 million. Its GAAP profit of $1.62 per share was 2.7% below analysts’ consensus estimates.
Lancaster Colony Corporation (Nasdaq: LANC) announced today that it will release its first quarter fiscal year 2025 financial results prior to the opening of the market on Thursday, October 31, 2024. The company will also host a conference call that same day beginning at 10:00 am ET to review its financial results.
T. Marzetti Company, a wholly-owned subsidiary of Lancaster Colony Corporation (NASDAQLANC), is introducing its first-ever gluten-free line of New York Bakery frozen bread. This new offering features gluten-free versions of the brand’s classic Garlic Texas Toast and Five Cheese Texas Toast. Both products will be available nationwide this Fall.
Lancaster Colony Corporation (Nasdaq: LANC) announced today that its Board of Directors has declared a quarterly cash dividend of 90 cents per common share, payable September 30, 2024 to shareholders of record on September 9, 2024.
Lancaster Colony Corporation (Nasdaq: LANC) announced today that it will release its fourth quarter and fiscal year 2024 financial results prior to the opening of the market on Thursday, August 22, 2024. The company will also host a conference call that same day beginning at 10:00 am ET to review its financial results.
Lancaster Colony Corporation (Nasdaq: LANC) announced today that its Board of Directors has declared a quarterly cash dividend of 90 cents per common share, payable June 28, 2024 to shareholders of record on June 7, 2024.
Lancaster Colony Corporation (Nasdaq: LANC) announced today that it will release its third quarter fiscal year 2024 financial results prior to the opening of the market on Thursday, May 2, 2024. The company will also host a conference call that same day beginning at 10:00 am ET to review its financial results.
The retail sector has been struggling amid inflationary pressure. Consumers cut down on discretionary goods and mainly spent on necessities such as grocery items throughout 2023.
Lancaster Colony Corporation (Nasdaq: LANC) announced today that its Board of Directors has declared a quarterly cash dividend of 90 cents per common share, payable March 29, 2024 to shareholders of record on March 7, 2024.
