Company profile

Ticker
LANC
Exchange
CEO
David Alan Ciesinski
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
131955943

LANC stock data

(
)

Calendar

30 Apr 19
25 Aug 19
30 Jun 20

News

Company financial data Financial data

Quarter (USD) Mar 19 Dec 18 Sep 18 Jun 18
Revenue 317.88M 349.58M 316.65M
Net income 30.6M 47.91M 39.03M 32.39M
Diluted EPS 1.11 1.73 1.42 1.18
Net profit margin 9.63% 13.70% 12.33%
Operating income 37.33M 61.16M 49.12M 43.3M
Net change in cash -7.14M -23.4M 12.18M 18.42M
Cash on hand 187.39M 194.53M 217.94M 205.75M
Cost of revenue 242.49M 258.19M 235.46M 231.99M
Annual (USD) Jun 18 Jun 17 Jun 16 Jun 15
Net income 135.31M 115.31M 121.76M 101.69M
Diluted EPS 4.92 4.2 4.44 3.72
Operating income 172.11M 174.75M 184.57M 154.86M
Net change in cash 62.65M 25.02M -64.12M -29.34M
Cash on hand 205.75M 143.1M 118.08M 182.2M
Cost of revenue 919.41M 883.08M 891.48M 846.82M

Financial data from company earnings reports

Financial report summary

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Management Discussion
  • For the three months ended March 31, 2019, Retail segment net sales increased 1% due to continued volume gains for shelf-stable dressings and sauces sold under license agreements, increased sales of frozen garlic bread, higher pricing, reduced trade spending and lower coupon expense, as well as incremental net sales attributed to Bantam. Offsets to these gains included reduced sales resulting from the impact of this year’s later Easter holiday, lower flatbread sales and our decision to selectively exit some low-margin private-label business.
  • Year-to-date net sales for the Retail segment reached $502.1 million, a 2% increase from the prior-year total of $493.4 million driven by continued volume gains for shelf-stable dressings and sauces sold under license agreements, increased sales of frozen garlic bread and the incremental net sales attributed to Bantam.
  • For the three months ended March 31, 2019, Retail segment operating margin declined to 15.7% as impacted by integration costs associated with the Omni operations, increased consumer spending in support of expanded distribution for Bantam and higher warehousing costs partially offset by continued cost savings in manufacturing and procurement attributed to our lean six sigma program.
Content analysis ?
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New words: central, modestly, refinement, withheld
Removed: caption, improved, realized