Comprehensive Analysis of LANC's Fiscal Q3 Performance and Strategic Adjustments
Lancaster Colony (LANC) delivered earnings and revenue surprises of 1.41% and 0.52%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Specialty food company Lancaster Colony (NASDAQ:LANC) reported results in line with analysts' expectations in Q1 CY2024, with revenue up 1.4% year on year to $471.4 million. It made a GAAP profit of $1.03 per share, improving from its profit of $0.89 per share in the same quarter last year.