Brief: Lassonde Industries Inc Reports Q2 Earnings Per Share C$2.25

Lassonde Industries

09/08/2019 17:22

Aug 9 (Reuters) - Lassonde Industries Inc  LASa.TO :
    * ANNOUNCES ITS Q2 2019 RESULTS
    * Q2 EARNINGS PER SHARE C$2.25
    * Q2 SALES ROSE 7.4 PERCENT TO C$419.7 MILLION
    * COMPANY EXPECTS THAT, FOR 2019, ITS CONSOLIDATED ANNUAL
SALES
GROWTH RATE WILL BE SLIGHTLY ABOVE THAT OF 2018
    * "COMPANY REMAINS CAUTIOUS IN A U.S. COMPETITIVE
ENVIRONMENT THAT
HAS BECOME PARTICULARLY DIFFICULT"
    * SELLING PRICE INCREASES IN U.S. MARKET CONTINUED TO
GRADUALLY
TAKE EFFECT IN Q2 OF 2019
    * LASSONDE INDUSTRIES - PAYING ATTENTION TO POTENTIAL
IMPACTS OF
CHANGES MADE TO CANADA'S FOOD GUIDE BUT NOT YET OBSERVED
SIGNIFICANT IMPACT ON SALES
    * "COMPANY'S 2019 SECOND-QUARTER SALES AND OPERATING PROFIT
WERE
SLIGHTLY BELOW OUR EXPECTATIONS"
    * IN UNITED STATES, TRADE DISPUTES CONTINUED TO AFFECT COST
OF
APPLE CONCENTRATE IN QUARTER

Source text for Eikon:  ID:nCNWb3qJ8a 
Further company coverage:  LASa.TO 

 ((Reuters.Briefs@thomsonreuters.com))