Lancaster Colony: Reports Q3-2024 Sales and Earnings

Westerville / OH. (lc) Lancaster Colony Corporation reported results for the company’s fiscal third quarter ended March 31, 2024. CEO David A. Ciesinski: «We completed our fiscal third quarter with record net sales of USD 471.4 million. In the Retail segment, net sales increased 0.3 percent to USD 248.1 million driven by volume gains for our successful licensing program. Sales volume for the Retail segment, measured in pounds shipped, increased 1.5 percent, outpacing the sales dollar growth as we invested in trade spending that supported household penetration growth and new items. Retail segment sales compare to a strong quarter last year when net sales increased 16.0 percent and volume was up 6.1 percent. In our Foodservice segment, net sales increased 2.6 percent to USD 223.4 million while Foodservice sales volume grew 3.9 percent as increased demand from several of our national chain restaurant customers and volume gains for our products more than offset deflationary pricing in the segment.»

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