NASDAQ$MZTI
Marzetti Company/The · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Lancaster Colony reported record net sales driven by growth in both Retail and Foodservice segments. Gross profit margin improved due to favorable pricing, cost savings initiatives, and volume growth.
Lancaster Colony Corporation reported a 1.4% increase in consolidated net sales, reaching a record $471.4 million. The company experienced growth in both its Retail and Foodservice segments. Gross profit also increased by 10.9% due to favorable pricing, cost savings initiatives, and volume growth. Net income increased to $1.03 per diluted share.
- Consolidated net sales increased 1.4% to a third quarter record of $471.4 million.
- Retail net sales improved 0.3% to $248.1 million, driven by volume gains for the licensing program.
- Foodservice net sales grew 2.6% to $223.4 million, with sales volume up by 3.9%.
- Consolidated gross profit increased 10.9% to $104.5 million, reflecting favorable pricing and cost savings initiatives.
Headline financials
Revenue & EPS history
Lancaster Colony · Revenue · Quarterly
$471M
Revenue by segment
Lancaster Colony · $462M total across 2 segments · Q1 2024
- Retail$242M—52.5%
- Foodservice$219M—47.5%
Forward guidance
Looking ahead to the fiscal fourth quarter, Retail sales will continue to benefit from the licensing program, including incremental growth from the recent additions of Subway and Texas Roadhouse sauces. In the Foodservice segment, continued volume growth is expected from select quick-service restaurant customers and branded Foodservice products, while deflationary pricing is projected to remain a headwind to Foodservice segment net sales.
Tailwinds
- Retail sales will continue to benefit from the licensing program.
- Incremental growth from Subway sauces is expected.
- Incremental growth from Texas Roadhouse sauces is expected.
- Continued volume growth from select quick-service restaurant customers is expected.
- Branded Foodservice products are expected to contribute to volume growth.
Headwinds
- Deflationary pricing is projected to remain a headwind to Foodservice segment net sales.
- Efficiencies in plant operations and our overall supply chain network
- Price and product competition
- The impact of customer store brands on our branded retail volumes
- Adequate supply of labor for our manufacturing facilities
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
-0.6%
Avg return
Earnings day
-0.1%
Avg return
5 days after
-0.5%
Avg return
30 days after
43%
28 / 65 earnings
Positive
+18.0%
Q4 2022
Best reaction
-15.6%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -6.7% | -8.6% | -14.0% | |
| Q2 2026 | -7.7% | -11.0% | -5.2% | |
| Q1 2026 | +9.2% | +9.0% | +4.0% | |
| Q3 2025 | -15.6% | -16.3% | -13.2% | |
| Q2 2025 | +8.7% | +13.3% | +15.3% | |
| Q1 2025 | -2.4% | +3.4% | +0.5% | |
| Q4 2024 | -12.2% | -15.2% | -8.0% | |
| Q3 2024 | +0.0% | +1.2% | -3.1% | |
| Q2 2024 | +10.2% | +5.2% | +12.2% | |
| Q1 2024 | -0.1% | -0.9% | -2.3% | |
| Q4 2023 | -11.5% | -9.6% | -8.5% | |
| Q3 2023 | +2.8% | +1.7% | -4.3% | |
| Q2 2023 | -3.7% | -4.5% | -1.7% | |
| Q1 2023 | +13.9% | +18.3% | +15.3% | |
| Q4 2022 | +18.0% | +15.4% | +8.7% | |
| Q3 2022 | -11.2% | -7.9% | -19.9% | |
| Q2 2022 | -3.6% | -1.6% | +2.0% | |
| Q1 2022 | -5.5% | -4.4% | -11.5% | |
| Q4 2021 | -1.5% | -3.0% | -7.8% | |
| Q3 2021 | -1.1% | +0.4% | +1.5% | |
| Q2 2021 | +0.8% | +3.6% | +0.8% | |
| Q1 2021 | -4.8% | -4.9% | -2.9% | |
| Q4 2020 | +3.2% | +4.7% | +6.4% | |
| Q3 2020 | +5.1% | +8.4% | +15.3% | |
| Q2 2020 | -2.0% | -0.5% | -4.3% | |
| Q1 2020 | +11.4% | +11.9% | +13.4% | |
| Q4 2019 | -7.1% | -5.3% | -8.0% | |
| Q3 2019 | -4.8% | -3.2% | -4.9% | |
| Q2 2019 | +0.3% | +0.1% | +0.4% | |
| Q1 2019 | +2.1% | +8.3% | +13.8% | |
| Q4 2018 | +6.1% | +6.2% | +4.8% | |
| Q3 2018 | -1.1% | -1.7% | -1.4% | |
| Q2 2018 | -0.9% | -2.4% | -7.0% | |
| Q1 2018 | +9.9% | +5.2% | +6.1% | |
| Q4 2017 | -6.4% | -5.3% | -5.2% | |
| Q3 2017 | -2.7% | -4.7% | -3.0% | |
| Q2 2017 | -13.0% | -11.8% | -9.9% | |
| Q1 2017 | -4.0% | -4.6% | +3.8% | |
| Q4 2016 | +5.5% | +6.1% | +3.5% | |
| Q3 2016 | +6.3% | — | — | |
| Q2 2016 | -12.7% | — | — | |
| Q1 2016 | +9.0% | — | — | |
| Q4 2015 | +2.1% | — | — | |
| Q3 2015 | -3.4% | — | — | |
| Q2 2015 | -4.1% | — | — | |
| Q1 2015 | +1.2% | — | — | |
| Q4 2014 | -5.2% | — | — | |
| Q3 2014 | -8.0% | — | — | |
| Q2 2014 | +2.4% | — | — | |
| Q1 2014 | -4.9% | — | — | |
| Q4 2013 | -3.8% | — | — | |
| Q3 2013 | +0.1% | — | — | |
| Q2 2013 | -1.1% | — | — | |
| Q1 2013 | -0.6% | — | — | |
| Q4 2012 | +5.2% | — | — | |
| Q3 2012 | +0.0% | — | — | |
| Q2 2012 | +0.2% | — | — | |
| Q1 2012 | +2.6% | — | — | |
| Q4 2009 | -2.0% | — | — | |
| Q4 2011 | -2.0% | — | — | |
| Q3 2011 | +1.3% | — | — | |
| Q2 2011 | +0.2% | — | — | |
| Q4 2010 | -0.2% | — | — | |
| Q1 2011 | -0.2% | — | — | |
| Q3 2010 | +2.6% | — | — |
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