Lancaster Colony (LANC) Stock

Lancaster Colony (LANC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

WESTERVILLE, Ohio--(BUSINESS WIRE)--Lancaster Colony Corporation (Nasdaq: LANC) announced today that it will release its second quarter fiscal year 2025 financial results prior to the opening of the market on Tuesday, February 4, 2025. The company will also host a conference call that same day beginning at 10:00 am ET to review its financial results. The conference call will be webcast live via the Internet. To listen to the webcast, go to the company's website, www.lancastercolony.com, click o.

WESTERVILLE, Ohio--(BUSINESS WIRE)--Lancaster Colony Corporation (Nasdaq: LANC) has revealed its intention to buy a sauce and dressing manufacturing plant in Atlanta, Georgia from Winland Foods, Inc. This deal is anticipated to be finalized in the first quarter of 2025, pending standard closing requirements, for around $75 million. The facility spans about 300,000 square feet.

WESTERVILLE, Ohio--(BUSINESS WIRE)--Lancaster Colony Corporation (Nasdaq: LANC) has announced that its Board of Directors has approved a quarterly cash dividend of 95 cents per common share, continuing a tradition of increasing regular cash dividends for 62 years. This achievement places the company among just 12 U.S. firms with such a long history of dividend growth. The dividend will be paid on December 31, 2024, to shareholders who are on record as of December 5, 2024.

Lancaster Colony Corporation (NASDAQ:LANC) will hold its Q1 2025 Earnings Conference Call on October 30, 2024, at 10:00 AM ET. The call will feature company representatives including Dale Ganobsik, David Ciesinski, and Thomas Pigott. Various analysts from different firms will also participate in the call.

Lancaster Colony (LANC) reported quarterly earnings of $1.62 per share, which is lower than the Zacks Consensus Estimate of $1.70 per share. This is a decrease compared to earnings of $1.70 per share from the same period last year.

Lancaster Colony (LANC) has the potential to deliver impressive returns due to its strong growth characteristics.

Lancaster Colony Corporation experienced a 12.3% decrease in its share price following unsatisfactory financial results for the last quarter of 2024. The revenue did not meet analysts' forecasts because of planned product line exits and lower prices affecting volume growth. Even though the overall results for 2024 were positive, the shares are viewed as costly compared to other similar companies, resulting in a downgrade to a 'sell' rating.

Lancaster Colony Corporation (NASDAQ:LANC) will hold its Q4 2024 results conference call on August 22, 2024, at 10:00 AM ET. The company representatives include Dale Ganobsik, the VP of Corporate Finance and Investor Relations, Dave Ciesinski, the President and CEO, and Tom Pigott, the CFO. Participants from various firms will also join the call, including Tyler Prause from Stephens and Andrew Wolf from CL King.