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Sep 30, 2024
Lancaster Colony Q1 2025 Earnings Report
Lancaster Colony's Q1 2025 sales and earnings increased, driven by growth in both Retail and Foodservice segments.
Key Takeaways
Lancaster Colony reported a record first quarter with net sales reaching $466.6 million and gross profit at $110.8 million. The Retail segment saw growth excluding exited bakery product lines, while the Foodservice segment benefited from increased demand from national chain restaurant customers.
Consolidated net sales increased 1.1% to a first quarter record of $466.6 million.
Consolidated gross profit increased 1.9% to a first quarter record of $110.8 million.
Retail segment net sales declined 1.1% to $239.6 million, but grew 1.4% excluding exited bakery product lines.
Foodservice segment net sales increased 3.5% to $227.0 million.
Revenue by Segment
Forward Guidance
Lancaster Colony anticipates continued growth in the Retail segment from its licensing program and new product introductions, and volume gains in the Foodservice segment from select national chain restaurant accounts.
Positive Outlook
- Retail segment sales will benefit from the growing licensing program.
- New product introductions like Subway sauces and Texas Roadhouse dinner rolls will drive Retail sales.
- The newly launched New York BRAND® Bakery gluten-free garlic bread will contribute to Retail sales.
- Foodservice segment will see continued volume gains from select customers.
- Ongoing cost savings initiatives will continue to benefit financial performance.
Challenges Ahead
- Industry-wide trends of slowing traffic may impact the Foodservice segment.
- Increased trade spending in the Retail segment may affect profitability.
- Inflationary pressures could result in higher input costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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