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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