Brief: Lancaster Colony Reports Q1 Earnings Per Share $1.11

Marzetti Co

03/11/2021 13:01

Nov 3 (Reuters) - Lancaster Colony Corp  LANC.O :
    * LANCASTER COLONY REPORTS FIRST QUARTER SALES AND EARNINGS
    * Q1 EARNINGS PER SHARE $1.11
    * Q1 SALES ROSE 12.3 PERCENT TO $392.1 MILLION
    * EXPECT OUR LICENSING PROGRAM TO REMAIN AN IMPORTANT SOURCE
OF
GROWTH FOR RETAIL SEGMENT SALES
    * FOODSERVICE SEGMENT SHOULD CONTINUE TO BENEFIT FROM HIGHER
DEMAND FOR OUR BRANDED FOODSERVICE PRODUCTS
    * ANTICIPATE INFLATIONARY ENVIRONMENT TO CONTINUE IN COMING
QUARTER
    * LANCASTER COLONY - COST SAVINGS PROGRAMS, OTHER NET PRICE
REALIZATION EFFORTS WILL SERVE TO REDUCE UNFAVORABLE IMPACTS OF
INFLATION IN QUARTER

Source text for Eikon:  ID:nPn9yBb5Ya 
Further company coverage:  LANC.O 

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