- Lancaster Colony press release ( NASDAQ: LANC ): Q4 Non-GAAP EPS of $1.35 beats by $0.55 .
- Revenue of $452.41M (+17.3% Y/Y) beats by $36.88M .
- "Looking ahead to fiscal 2023, our Retail sales will benefit from another round of pricing on our dressing and sauce products that took effect in early August. We expect continued growth from our licensing program behind new items, but Retail sales volumes will also face offsets from consumer demand elasticity and the ongoing impact of fiscal 2022 rationalization initiatives for some of our low-margin products. In Foodservice, we expect sales volumes to be led by growth from select quick-service restaurant customers in our mix of national chain restaurant accounts while the external factors of a slowing economy and changes in consumer sentiment may dampen demand."
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Lancaster Colony Non-GAAP EPS of $1.35 beats by $0.55, revenue of $452.41M beats by $36.88M