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 |
|---|---|---|---|
| 5/1/2025 | $185.00 | Hold → Buy | The Benchmark Company |
| 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 |
Lancaster Colony Corporation (NASDAQ:LANC) announced today that its Board of Directors has declared a quarterly cash dividend of 95 cents per common share, payable June 30, 2025 to shareholders of record on June 6, 2025. The quarterly cash dividend amount of 95 cents per share maintains the higher level set six months ago, which marked the company's 62nd consecutive year of increased regular cash dividends. Lancaster Colony is one of only 12 U.S. companies with 62 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 248th consecutive quarterly cash dividend paid by the compa
Lancaster Colony Corporation (NASDAQ:LANC) today reported results for the company's fiscal third quarter ended March 31, 2025. Summary Consolidated net sales declined 2.9% to $457.8 million versus $471.4 million last year. Retail segment net sales decreased 2.6% to $241.5 million. The decline in Retail net sales includes the impact of the company's exit from our perimeter-of-the-store bakery product lines in March 2024. Excluding all sales attributed to those product lines, Retail segment net sales decreased 0.7%. Foodservice segment net sales declined 3.2% to $216.3 million. Consolidated gross profit increased $1.5 million to a third quarter record $106.0 million. The gross profit imp
Lancaster Colony Corporation (NASDAQ:LANC) announced today that it will release its third quarter fiscal year 2025 financial results prior to the opening of the market on Wednesday, April 30, 2025. 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 business
T. Marzetti Company, a wholly owned subsidiary of Lancaster Colony Corporation (NASDAQ:LANC), is pleased to announce the appointment of Tanya Berman to President of its retail business unit, effective April 21, 2025. In this role, Ms. Berman will lead sales, marketing, and innovation for T. Marzetti's portfolio of retail brands and licensed products. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250407830156/en/Tanya Berman will join T. Marzetti as President of Retail effective April 21, 2025. Ms. Berman has 25 years of experience in general management and marketing, demonstrating a strong record of driving growth across many ca
Marzetti® Spicy Ranch Seasoned with TABASCO® Sauce brings the perfect blend of heat and creaminess to fans who refuse to settle. For over a century, Marzetti and TABASCO® Brand have been crafting craveable flavors. Now, for the first time ever, these two trusted brands have teamed up to unleash the ultimate refrigerated spicy ranch—a rich, creamy Marzetti ranch fused with the unmistakable flavor and excitement of TABASCO® Pepper Sauce. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250325933069/en/Marzetti® Spicy Ranch Seasoned with TABASCO® Sauce brings the perfect blend of heat and creaminess to fans who refuse to settle. With
Lancaster Colony Corporation (NASDAQ:LANC) announced today that its Board of Directors has declared a quarterly cash dividend of 95 cents per common share, payable March 31, 2025 to shareholders of record on March 7, 2025. The quarterly cash dividend amount of 95 cents per share maintains the higher level set three months ago, which marked the company's 62nd consecutive year of increased regular cash dividends. Lancaster Colony is one of only 12 U.S. companies with 62 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 247th consecutive quarterly cash dividend paid by the
T. Marzetti Company, a wholly owned subsidiary of Lancaster Colony Corporation (NASDAQ:LANC), is proud to announce that two of its recently-launched items have been named Product of the Year for 2025. New York Bakery™ Gluten Free Texas Toast was awarded the top gluten-free item. Texas Roadhouse™ Mini Rolls were named top bakery side dish. Product of the Year USA is the world's largest consumer-voted award for marketplace innovation, voted on by 40,000 consumers. Winners are selected based on product visual appeal, convenience, category superiority and availability. New York Bakery Gluten Free Texas Toast, launched in August 2024, is a breakthrough in the gluten-free category. After more t
Lancaster Colony Corporation (NASDAQ:LANC) today reported results for the company's fiscal second quarter ended December 31, 2024. Summary Consolidated net sales increased 4.8% to a second quarter record $509.3 million versus $485.9 million last year. Retail net sales grew 6.3% to $280.8 million while Foodservice net sales advanced 3.0% to $228.5 million. Consolidated gross profit increased $11.3 million, or 9.3%, to a second quarter record $132.8 million. SG&A expenses increased $1.4 million to $57.1 million. Note that SG&A expenses include $1.6 million in incremental expenditures attributed to the company's planned acquisition of an Atlanta-based sauce and dressing production f
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. 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 busi
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. David A. Ciesinski, Lancaster Colony's CEO, commented "We are very pleased to have reached an agreement to acquire this production facility as an important strategic
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The Benchmark Company upgraded Lancaster Colony from Hold to Buy and set a new price target of $185.00
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
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T. Marzetti Company, a wholly owned subsidiary of Lancaster Colony Corporation (NASDAQ:LANC), is pleased to announce the appointment of Tanya Berman to President of its retail business unit, effective April 21, 2025. In this role, Ms. Berman will lead sales, marketing, and innovation for T. Marzetti's portfolio of retail brands and licensed products. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250407830156/en/Tanya Berman will join T. Marzetti as President of Retail effective April 21, 2025. Ms. Berman has 25 years of experience in general management and marketing, demonstrating a strong record of driving growth across many ca
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, payable June 30, 2025 to shareholders of record on June 6, 2025. The quarterly cash dividend amount of 95 cents per share maintains the higher level set six months ago, which marked the company's 62nd consecutive year of increased regular cash dividends. Lancaster Colony is one of only 12 U.S. companies with 62 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 248th consecutive quarterly cash dividend paid by the compa
Lancaster Colony Corporation (NASDAQ:LANC) today reported results for the company's fiscal third quarter ended March 31, 2025. Summary Consolidated net sales declined 2.9% to $457.8 million versus $471.4 million last year. Retail segment net sales decreased 2.6% to $241.5 million. The decline in Retail net sales includes the impact of the company's exit from our perimeter-of-the-store bakery product lines in March 2024. Excluding all sales attributed to those product lines, Retail segment net sales decreased 0.7%. Foodservice segment net sales declined 3.2% to $216.3 million. Consolidated gross profit increased $1.5 million to a third quarter record $106.0 million. The gross profit imp
Lancaster Colony Corporation (NASDAQ:LANC) announced today that it will release its third quarter fiscal year 2025 financial results prior to the opening of the market on Wednesday, April 30, 2025. 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 business
Lancaster Colony Corporation (NASDAQ:LANC) announced today that its Board of Directors has declared a quarterly cash dividend of 95 cents per common share, payable March 31, 2025 to shareholders of record on March 7, 2025. The quarterly cash dividend amount of 95 cents per share maintains the higher level set three months ago, which marked the company's 62nd consecutive year of increased regular cash dividends. Lancaster Colony is one of only 12 U.S. companies with 62 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 247th consecutive quarterly cash dividend paid by the
Lancaster Colony Corporation (NASDAQ:LANC) today reported results for the company's fiscal second quarter ended December 31, 2024. Summary Consolidated net sales increased 4.8% to a second quarter record $509.3 million versus $485.9 million last year. Retail net sales grew 6.3% to $280.8 million while Foodservice net sales advanced 3.0% to $228.5 million. Consolidated gross profit increased $11.3 million, or 9.3%, to a second quarter record $132.8 million. SG&A expenses increased $1.4 million to $57.1 million. Note that SG&A expenses include $1.6 million in incremental expenditures attributed to the company's planned acquisition of an Atlanta-based sauce and dressing production f
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. 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 busi
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
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