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Dec 31, 2024
Lancaster Colony Q2 2025 Earnings Report
Lancaster Colony reported record sales, gross profit and operating income.
Key Takeaways
Lancaster Colony Corporation reported a 4.8% increase in consolidated net sales, reaching a second quarter record of $509.3 million. The company's consolidated gross profit also increased by 9.3% to a record $132.8 million, while consolidated operating income grew by 15.1% to a record $75.7 million. Net income was $1.78 per diluted share, compared to $1.87 per diluted share in the previous year.
Consolidated net sales increased 4.8% to a second quarter record of $509.3 million.
Retail net sales grew 6.3% to $280.8 million, driven by licensing program and own brands.
Foodservice net sales advanced 3.0% to $228.5 million, led by higher demand from core national chain restaurant accounts.
Consolidated gross profit increased 9.3% to a second quarter record of $132.8 million, with gross profit margin improving to 26.1%.
Revenue by Segment
Forward Guidance
Looking ahead to the fiscal third quarter, Lancaster Colony projects Retail sales will continue to benefit from expanding licensing program and growth from investments in innovation. In the Foodservice segment, the company anticipates continued growth from select customers in national chain restaurant accounts. The company also looks forward to completing the asset purchase transaction for the Atlanta-based sauce and dressing production facility during the fiscal third quarter.
Positive Outlook
- Retail sales will continue to benefit from expanding licensing program.
- Growth from investments in innovation for own brands including New York BRAND® Bakery.
- Continued growth from select customers in the Foodservice segment.
- Completing the asset purchase transaction for the Atlanta-based sauce and dressing production facility.
- Improved operational efficiency, incremental capacity, and closer proximity to certain core customers.
Challenges Ahead
- No specific negatives were mentioned in the provided text.
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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