Lancaster Colony Corporation manufactures and markets food products for the retail and foodservice markets in the United States. The company operates in two segments, Retail and Foodservice. It offers frozen garlic bread under the New York BRAND Bakery; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand; salad dressings under the Marzetti, Cardini's, and Girard's; flatbread wraps and pizza crusts under the Flatout brand; croutons and salad toppings under the New York BRAND Bakery, Chatham Village, and Marzetti; frozen pasta under the Marzetti Frozen Pasta brand; and vegetable and fruit dips under the Marzetti brand. In addition, it manufactures and sells other products to brand license agreements, including Olive Garden dressings, Buffalo Wild Wings sauces and Chick-fil-A sauces. The company sells its products through sales personnel, food brokers, and distributors to retailers and restaurants. Lancaster Colony Corporation was incorporated in 1961 and is based in Westerville, Ohio.
IPO Year:
Exchange: NASDAQ
Website: lancastercolony.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/2/2024 | $205.00 → $218.00 | Overweight → Equal-Weight | Stephens |
| 12/8/2023 | $185.00 | Neutral | DA Davidson |
| 11/27/2023 | $166.00 | Hold | Jefferies |
| 10/13/2023 | $205.00 | Overweight | Stephens |
| 6/23/2023 | $237.00 | Buy | Loop Capital |
| 5/23/2022 | $140.00 | Market Perform | Cowen |
| 5/6/2022 | Buy → Hold | The Benchmark Company | |
| 12/8/2021 | $181.00 | Buy | Benchmark |
| 12/8/2021 | $181.00 | Buy | The Benchmark Company |
8-K - LANCASTER COLONY CORP (0000057515) (Filer)
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8-K - LANCASTER COLONY CORP (0000057515) (Filer)
8-K - LANCASTER COLONY CORP (0000057515) (Filer)
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8-K - LANCASTER COLONY CORP (0000057515) (Filer)
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Lancaster Colony Corporation (NASDAQ:LANC) announced today that its Board of Directors has appointed George F. Knight III to the Company's Board of Directors. Mr. Knight spent 25 years with chemical company Hexion, Inc. and its predecessor company Borden, Inc., most recently serving as Hexion's Executive Vice President and Chief Financial Officer. During his tenure at Hexion and Borden, he held roles of increasing responsibility including Vice President of Mergers and Acquisitions, Vice President of Finance, and Senior Vice President and Treasurer. Mr. Knight previously held senior finance roles at Duracell, Inc. and worked as a Senior Audit Manager for Deloitte & Touche LLC. This press re
Lancaster Colony Corporation (NASDAQ:LANC) announced today that its Board of Directors has appointed Zena Srivatsa Arnold to the Company's Board of Directors. Ms. Arnold most recently served as Senior Vice President, Carbonated Soft Drinks, at PepsiCo., Inc. where she oversaw the Carbonated Soft Drink portfolio in North America, including some of PepsiCo's largest brands such as Pepsi and Mountain Dew. Prior to joining PepsiCo, she was the Chief Digital and Marketing Officer of Kimberly-Clark Corporation, a global personal care and consumer products company and prior to that she held various management roles with Alphabet Inc. (Google). Ms. Arnold is an accomplished marketing and general ma
T. Marzetti Company, a wholly-owned subsidiary of Lancaster Colony Corporation (NASDAQ:LANC), is pleased to announce the appointment of Luis Viso to Chief Supply Chain Officer, effective today. In this role, Mr. Viso will be responsible for developing and leading T. Marzetti's fully integrated supply chain organization, positioning the company for growth while maintaining rigorous safety and quality measures. Mr. Viso has nearly 40 years of experience in supply chain operations, innovation and R&D. Most recently, he was Executive Vice President of Operations for Monster Beverage, leading the company's global expansion across 153 countries. Prior to that, he served as Chief Operating Offic
WESTERVILLE, Ohio, Feb. 24, 2021 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) announced today that its Board of Directors has appointed Elliot K. Fullen to the Company's Board of Directors. Mr. Fullen is currently a Senior Advisor for Arsenal Capital Partners, a leading private equity firm focusing on specialty industrial and healthcare investments. His advisory firm, Fullen Business Consulting, works with private equity sponsors on small- to medium-size acquisitions. Mr. Fullen's professional experience includes the role of Vice President and General Manager for the Epoxy Specialty Products business unit of Hexion Specialty Chemicals, and he also served as Hexion's Vice Pr
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. Voting at the annual meeting, shareholders reelected three incumbent directors. They are Zena Srivatsa Arnold, Chief Marketing Officer of Sephora; Michael H. Keown, a
Lancaster Colony Corporation (NASDAQ:LANC) today reported results for the company's fiscal first quarter ended September 30, 2024. Summary Consolidated net sales increased 1.1% to a first quarter record $466.6 million. Retail segment net sales declined 1.1% to $239.6 million. Note that excluding all sales attributed to the perimeter-of-the-store bakery product lines we exited this past March, Retail segment net sales grew 1.4%. Foodservice segment net sales increased 3.5% to $227.0 million. Consolidated gross profit increased 1.9% to a first quarter record $110.8 million. Consolidated operating income decreased 1.6% to $55.9 million. Net income reached $1.62 per diluted share versu
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. The conference call will be webcast live via the Internet. To listen to the webcast, go to the company's website, www.lancastercolony.com, click on the webcast link on the home page and enter your registration information. Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. View source version on busines
Lancaster Colony Corporation (NASDAQ:LANC) today reported results for the company's fiscal fourth quarter and fiscal year ended June 30, 2024. Fourth Quarter Summary Consolidated fourth quarter net sales declined 0.4% to $452.8 million. Retail segment net sales declined 0.8% in the quarter to $234.2 million, driven by the impact of our tactical decision to exit our perimeter-of-the-store bakery product lines this past March. Foodservice segment net sales were essentially flat at $218.6 million as deflationary pricing offset volume growth. Consolidated gross profit increased $4.4 million to $97.6 million. Consolidated operating income increased $30.2 million to $41.7 million. Rest
T. Marzetti Company, a wholly-owned subsidiary of Lancaster Colony Corporation (NASDAQ:LANC), 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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240821434464/en/New York Bakery Gluten Free Texas Toast is certified gluten-free and produced in a dedicated gluten-free facility. (Photo: Business Wire) With more than a decade of recipe and production research, the New York Bakery brand is
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. The quarterly cash dividend amount of 90 cents per share maintains the higher level set nine months ago, which marked the company's 61st consecutive year of increased regular cash dividends. Lancaster Colony is one of only 13 U.S. companies with 61 straight years of regular cash dividend increases. CEO David A. Ciesinski said, "The dividend reflects the company's continued strong financial position and will be the 245th consecutive quarterly cash dividend paid
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. The conference call will be webcast live via the Internet. To listen to the webcast, go to the company's website, www.lancastercolony.com, click on the webcast link on the home page and enter your registration information. Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. View source version on
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. The quarterly cash dividend amount of 90 cents per share maintains the higher level set six months ago, which marked the company's 61st consecutive year of increased regular cash dividends. Lancaster Colony is one of only 13 U.S. companies with 61 straight years of regular cash dividend increases. CEO David A. Ciesinski said, "The dividend reflects the company's continued strong financial position and will be the 244th consecutive quarterly cash dividend paid by the com
Lancaster Colony Corporation (NASDAQ:LANC) today reported results for the company's fiscal third quarter ended March 31, 2024. Summary Consolidated net sales increased 1.4% to a third quarter record $471.4 million versus $464.9 million last year. Retail net sales improved 0.3% to $248.1 million while Foodservice net sales grew 2.6% to $223.4 million. Consolidated gross profit increased $10.3 million, or 10.9%, to $104.5 million driven by favorability in our pricing net of commodity costs, or PNOC, our ongoing cost savings initiatives, and volume growth. Consolidated gross profit was unfavorably impacted by a $2.6 million inventory write-down resulting from the decision to exit our p
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 conference call will be webcast live via the Internet. To listen to the webcast, go to the company's website, www.lancastercolony.com, click on the webcast link on the home page and enter your registration information. Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. View source version on businessw
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. Voting at the annual meeting, shareholders reelected three incumbent directors. They are Zena Srivatsa Arnold, Chief Marketing Officer of Sephora; Michael H. Keown, a
Lancaster Colony Corporation (NASDAQ:LANC) today reported results for the company's fiscal first quarter ended September 30, 2024. Summary Consolidated net sales increased 1.1% to a first quarter record $466.6 million. Retail segment net sales declined 1.1% to $239.6 million. Note that excluding all sales attributed to the perimeter-of-the-store bakery product lines we exited this past March, Retail segment net sales grew 1.4%. Foodservice segment net sales increased 3.5% to $227.0 million. Consolidated gross profit increased 1.9% to a first quarter record $110.8 million. Consolidated operating income decreased 1.6% to $55.9 million. Net income reached $1.62 per diluted share versu
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. The conference call will be webcast live via the Internet. To listen to the webcast, go to the company's website, www.lancastercolony.com, click on the webcast link on the home page and enter your registration information. Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. View source version on busines
Lancaster Colony Corporation (NASDAQ:LANC) today reported results for the company's fiscal fourth quarter and fiscal year ended June 30, 2024. Fourth Quarter Summary Consolidated fourth quarter net sales declined 0.4% to $452.8 million. Retail segment net sales declined 0.8% in the quarter to $234.2 million, driven by the impact of our tactical decision to exit our perimeter-of-the-store bakery product lines this past March. Foodservice segment net sales were essentially flat at $218.6 million as deflationary pricing offset volume growth. Consolidated gross profit increased $4.4 million to $97.6 million. Consolidated operating income increased $30.2 million to $41.7 million. Rest
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. The quarterly cash dividend amount of 90 cents per share maintains the higher level set nine months ago, which marked the company's 61st consecutive year of increased regular cash dividends. Lancaster Colony is one of only 13 U.S. companies with 61 straight years of regular cash dividend increases. CEO David A. Ciesinski said, "The dividend reflects the company's continued strong financial position and will be the 245th consecutive quarterly cash dividend paid
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. The conference call will be webcast live via the Internet. To listen to the webcast, go to the company's website, www.lancastercolony.com, click on the webcast link on the home page and enter your registration information. Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. View source version on
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. The quarterly cash dividend amount of 90 cents per share maintains the higher level set six months ago, which marked the company's 61st consecutive year of increased regular cash dividends. Lancaster Colony is one of only 13 U.S. companies with 61 straight years of regular cash dividend increases. CEO David A. Ciesinski said, "The dividend reflects the company's continued strong financial position and will be the 244th consecutive quarterly cash dividend paid by the com
Lancaster Colony Corporation (NASDAQ:LANC) today reported results for the company's fiscal third quarter ended March 31, 2024. Summary Consolidated net sales increased 1.4% to a third quarter record $471.4 million versus $464.9 million last year. Retail net sales improved 0.3% to $248.1 million while Foodservice net sales grew 2.6% to $223.4 million. Consolidated gross profit increased $10.3 million, or 10.9%, to $104.5 million driven by favorability in our pricing net of commodity costs, or PNOC, our ongoing cost savings initiatives, and volume growth. Consolidated gross profit was unfavorably impacted by a $2.6 million inventory write-down resulting from the decision to exit our p
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 conference call will be webcast live via the Internet. To listen to the webcast, go to the company's website, www.lancastercolony.com, click on the webcast link on the home page and enter your registration information. Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. View source version on businessw
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. The quarterly cash dividend amount of 90 cents per share maintains the higher level set three months ago, which marked the company's 61st consecutive year of increased regular cash dividends. Lancaster Colony is one of only 13 U.S. companies with 61 straight years of regular cash dividend increases. CEO David A. Ciesinski said, "The dividend reflects the company's continued strong financial position and will be the 243rd consecutive quarterly cash dividend paid by the
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Stephens downgraded Lancaster Colony from Overweight to Equal-Weight and set a new price target of $218.00 from $205.00 previously
DA Davidson initiated coverage of Lancaster Colony with a rating of Neutral and set a new price target of $185.00
Jefferies initiated coverage of Lancaster Colony with a rating of Hold and set a new price target of $166.00
Stephens initiated coverage of Lancaster Colony with a rating of Overweight and set a new price target of $205.00
Loop Capital initiated coverage of Lancaster Colony with a rating of Buy and set a new price target of $237.00
Cowen initiated coverage of Lancaster Colony with a rating of Market Perform and set a new price target of $140.00
The Benchmark Company downgraded Lancaster Colony from Buy to Hold
Benchmark initiated coverage of Lancaster Colony with a rating of Buy and set a new price target of $181.00
The Benchmark Company initiated coverage of Lancaster Colony with a rating of Buy and set a new price target of $181.00
Sidoti initiated coverage of Lancaster Colony with a rating of Neutral and set a new price target of $205.00
Stephens & Co. analyst Jim Salera reiterates Lancaster Colony (NASDAQ:LANC) with a Equal-Weight and maintains $218 price target.
Lancaster Colony (NASDAQ:LANC) reported quarterly earnings of $1.03 per share which missed the analyst consensus estimate of $1.38 by 25.36 percent. This is a 15.73 percent increase over earnings of $0.89 per share from the same period last year. The company reported quarterly sales of $471.45 million which beat the analyst consensus estimate of $468.07 million by 0.72 percent. This is a 1.40 percent increase over sales of $464.94 million the same period last year.
Jefferies analyst Rob Dickerson maintains Lancaster Colony (NASDAQ:LANC) with a Hold and raises the price target from $200 to $203.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. JP Morgan cut the price target for WEC Energy Group, Inc. (NYSE:WEC) from $90 to $84. JP Morgan analyst Jeremy Tonet downgraded the stock from Neutral to Underweight. WEC Energy shares gained 1.3% to close at $81.78 on Thursday. See how other analysts view this stock. Citigroup raised Macy's, Inc. (NYSE:M) price target from $14 to $18. Citigroup analyst Paul Lejuez upgraded the stock from Sell to Neutral. Macy's shares rose 0.8% to close at $18.44 on Thursday. See how other analysts view this stock
Stephens & Co. analyst Jim Salera downgrades Lancaster Colony (NASDAQ:LANC) from Overweight to Equal-Weight and raises the price target from $205 to $218.
U.S. stocks traded higher, with the Dow Jones gaining over 100 points on Thursday. Shares of Eaton Corporation plc (NYSE:ETN) rose sharply during Thursday’s session after the company reported better-than-expected fourth-quarter financial results and issued FY24 guidance. Eaton posted adjusted earnings of $2.55 per share, beating market estimates of $2.47 per share. The company’s quarterly sales came in at $5.97 billion versus expectations of $5.91 billion, according to data from Benzinga Pro. Eaton shares gained 6.2% to $261.48 on Thursday. Here are some other big stocks recording gains in today’s session. Cimpress plc (NASDAQ:CMPR) shares surged 28.8% to $96.90 after the company rep
Lancaster Colony (NASDAQ:LANC) reported quarterly earnings of $1.87 per share which beat the analyst consensus estimate of $1.62 by 15.43 percent. This is a 28.97 percent increase over earnings of $1.45 per share from the same period last year. The company reported quarterly sales of $485.92 million which missed the analyst consensus estimate of $492.01 million by 1.24 percent. This is a 1.79 percent increase over sales of $477.39 million the same period last year.
Companies Reporting Before The Bell • ING Groep (NYSE:ING) is expected to report earnings for its fourth quarter. • Shell (NYSE:SHEL) is likely to report quarterly earnings at $1.81 per share on revenue of $75.66 billion. • Takeda Pharmaceutical (NYSE:TAK) is likely to report earnings for its third quarter. • Sanofi (NASDAQ:SNY) is projected to report quarterly earnings at $1.50 per share on revenue of $12.26 billion. • Illinois Tool Works (NYSE:ITW) is likely to report quarterly earnings at $2.41 per share on revenue of $4.01 billion. • Royal Caribbean Gr (NYSE:RCL) is estimated to report quarterly earnings at $1.13 per share on revenue of $3.36 billion. • BrightSphere Investment (NY
Lancaster Colony (NASDAQ:LANC) is set to give its latest quarterly earnings report on Thursday, 2024-02-01. Here's what investors need to know before the announcement. Analysts estimate that Lancaster Colony will report an earnings per share (EPS) of $1.62. Lancaster Colony bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.02, which was followed by a 2.1% in