Lancaster Colony falls as quarterly sales, profit miss estimates

Marzetti Co

22/08/2024 18:17

** Specialty food products maker Lancaster Colony's  LANC.O 
shares fall ~13.8% to $170.37 in afternoon trading 
    ** Co's Q4 consolidated net sales fall 0.4% to $452.8 mln
and miss Wall Street expectations of $463.1 mln, according to
LSEG data 
    ** LANC's retail segment net sales decline 0.8% to $234.2
mln in the quarter, while food service was flat 
    ** LANC reported Q4 EPS of $1.26 vs analysts' estimates of
$1.40 
    ** Including session losses, stock up ~2.6% YTD 
    

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com))