Lancaster Colony Q4 Results Miss Estimates

RTTNews | 357 days ago
Lancaster Colony Q4 Results Miss Estimates

(RTTNews) - Food company Lancaster Colony Corp. (LANC) reported on Thursday that net income for the fourth quarter soared to $34.83 million or $1.26 per share from $9.17 million or $0.33 per share in the year-ago quarter.

Net sales for the quarter edged down 0.4 percent to $452.83 million from $454.66 million for the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.40 per share on revenues of $463.11 million for the quarter. Analysts' estimates typically exclude special items.

"Looking ahead to fiscal 2025, we anticipate Retail segment sales will continue to benefit from volume growth led by our licensing program, including increased sales from the new products, flavors and sizes we introduced in fiscal 2024," said CEO David Ciesinski.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Lancaster Colony Swings To Profit In Q3

Lancaster Colony Swings To Profit In Q3

Food company Lancaster Colony Corp. (LANC) on Thursday reported net income for the third quarter of $24.56 million or $0.85 per share, compared to a net loss of $4.48 million or $0.17 per share in the year-ago quarter.
RTTNews | 833 days ago
DAX Modestly Higher As Investors Focus On Earnings

DAX Modestly Higher As Investors Focus On Earnings

The German market is up in positive territory on Thursday, extending gains from the previous session, with investors continuing to focus on earnings and economic data, and hoping for an interest rate cut by the Federal Reserve next month. Focus is also on the upcoming meeting between U.S. President Donald Trump and Russian President Vladimir Putin.
RTTNews | 30 minutes ago
Australian Dollar Advances On Robust Employment Data

Australian Dollar Advances On Robust Employment Data

The Australian dollar strengthened against some major counterparts in the Asian session on Thursday, after data showed that the Australia's unemployment rate dropped in July and employment increased sharply, suggesting that the labor market conditions remain strong.
RTTNews | 1h 58min ago
Yen Rises Amid BoJ Rate Hike Expectation

Yen Rises Amid BoJ Rate Hike Expectation

The Japanese yen strengthened against other major currencies in the Asian session on Thursday, as the Bank of Japan (BoJ) raised its inflation outlook in July and kept the door open for an imminent interest rate hike by the end of current year.
RTTNews | 2h 18min ago