The 10-second takeaway
For the quarter ended March 31 (Q3), Lancaster Colony met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. GAAP earnings per share grew significantly.
Margins expanded across the board.
Lancaster Colony recorded revenue of $279.5 million. The two analysts polled by S&P Capital IQ wanted to see revenue of $279.5 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.80. The two earnings estimates compiled by S&P Capital IQ predicted $0.81 per share. GAAP EPS of $0.80 for Q3 were 19% higher than the prior-year quarter's $0.67 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 21.0%, 120 basis points better than the prior-year quarter. Operating margin was 11.6%, 130 basis points better than the prior-year quarter. Net margin was 7.8%, 110 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $283.0 million. On the bottom line, the average EPS estimate is $0.94.
Next year's average estimate for revenue is $1.18 billion. The average EPS estimate is $3.97.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 79 members out of 84 rating the stock outperform, and five members rating it underperform. Among 32 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give Lancaster Colony a green thumbs-up, and one give it a red thumbs-down.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.