Lancaster Colony posted an 8% rise in net sales for its first quarter on the back of growth in the company’s specialty foods sector.
Go deeper with GlobalData
For the period to 30 September, net sales reached US$264m from first quarter sales of $244m last year.
Specialty Foods net sales totalled $220.8m, up 19% from the year-ago, reflecting higher volumes and pricing.
Net income totalled $11m versus $15.5m in the year-ago first quarter, which included the results of discontinued operations.
“We were generally pleased with our specialty foods performance given substantially higher material costs,” said John Gerlach chairman and CEO of Lancaster Colony. “Our many strong market positions, seasoned executive teams and solid balance sheet provide the necessary foundation to take advantage of arising opportunities.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
