Lancaster Colony Corp
Change company Symbol lookup
Select an option...
LANC Lancaster Colony Corp
HMC Honda Motor Co Ltd
HBAN Huntington Bancshares Inc
HAFC Hanmi Financial Corp
GWB Great Western Bancorp Inc
GT Goodyear Tire & Rubber Co
GS Goldman Sachs Group Inc
GPS Gap Inc
GEF Greif Inc
GBX Greenbrier Companies Inc
Go

Consumer Staples : Food Products | Mid Cap BlendCompany profile

Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. The Company's food products include Salad dressings and sauces, Vegetable dips and fruit dips, Frozen garlic breads, Frozen Parkerhouse style yeast rolls and dinner rolls, Croutons and salad toppings, Flatbread wraps and pizza crusts, and Caviar. Its brands include Marzetti, Marzetti Simply Dressed, Cardini's, Girard's, New York BRAND Bakery, Sister Schubert's and Flatout. It manufactures and sells other products pursuant to brand license agreements, which includes Olive Garden dressing. A portion of its sales are frozen specialty pasta and flatbreads sold to industrial customers for use as ingredients or components in their products.

Closing Price
$156.40
Day's Change
1.57 (1.01%)
Bid
--
Ask
--
B/A Size
--
Day's High
157.61
Day's Low
154.05
Volume
(Heavy Day)
Volume:
115,637

10-day average volume:
88,243
115,637

Under Armour stock set for worst day in 2 years; Apple, AMD earnings on deck

10:35 am ET July 30, 2019 (MarketWatch)
Print

By Emily Bary

Earnings Watch: An Altria buyback announcement failed to overshadow weakness in cigarettes

Under Armour Inc. shares tumbled more than 15% Tuesday after the company reported quarterly results that highlighted its sales struggles in North America.

The athletic-apparel retail was under pressure to justify its recent share-price rally heading into its latest report, but management's weak expectations for the North America business didn't inspire confidence. Under Armour (UAA) (UAA) executives told investors they now expect North America sales to show a slight decline this year (http://www.marketwatch.com/story/under-armour-shares-sink-after-revenue-miss-weak-guidance-2019-07-30), whereas it had previously been forecasting "relatively flat results."

Chief Financial Officer David Bergman said the outlook reflects the company's efforts to lessen its reliance on off-price channels, which have hurt profits in the past.

The disappointing forecast, coupled with a poor showing for North America in the second quarter, helped to send shares tumbling toward their worst single-day drop since late 2017. Under Armour's challenges in a key region also overshadowed signs of progress elsewhere, including on inventory and margins.

The key question for Bernstein analyst Jamie Merriman is whether improvements to profitability will be enough to support Under Armour's stock while the company only manages to grow overall sales by a low single-digit rate. With shares trading at a premium relative to apparel peers, she's doubtful investors will be too forgiving.

--Altria Group Inc. (MO) surprised investors with its announcement of a $1 billion buyback, but that wasn't enough to mask persistent problems (http://www.marketwatch.com/story/altria-stock-smoked-as-cigarette-shipments-drop-amazon-readies-for-a-big-ad-quarter-2019-04-25) in the cigarette maker's core business. The company saw cigarette shipment volumes fall 7% after accounting for factors like trade inventory movements. As e-cigarettes gain more momentum, Altria's management is taking a bleaker view of cigarette trends for the full year. The company now projects that domestic cigarette industry volumes will fall 5% to 6% for the full year (http://investor.altria.com/file/Index?KeyFile=398954477), whereas it had previously modeled a 4% to 5% drop.

Coming up this afternoon

Apple Inc. (AAPL) will be looking to move past its emerging-market issues in a quarter where it faces "low expectations." (http://www.marketwatch.com/story/apple-target-lifted-at-ubs-ahead-of-earnings-2019-07-29)

That's the view of several analysts, who say investors aren't particularly bullish in thinking about Apple's ability to drive smartphone upgrades as the company deals with geopolitical headwinds and the lack of a meaningful catalyst in the fall. The June quarter is typically a sleepy one for Apple, since Apple's current crop of new iPhones has been out for months while its next batch looms on the horizon, but the key figure in Apple's afternoon release will be its outlook. That number won't only reflect management's expectations around a China rebound, but it should also contain glimpses of how Apple predicts its next wave of phones will perform, since the September quarter typically contains a few weeks of sales of the newest models.

Apple earnings: It looks like 2016 again, and that is not a good thing (http://www.marketwatch.com/story/apple-earnings-it-looks-like-2016-again-and-that-is-not-a-good-thing-2019-07-27)

New products will be a key theme for Advanced Micro Devices Inc. (AMD) as well, following a sustained rally for the stock on expectations that the company will be able to win market share with its increasingly competitive offerings.

Don't miss: Apple, AMD stock option traders aren't expecting fireworks after earnings reports (http://www.marketwatch.com/story/apple-amd-stock-option-traders-arent-expecting-fireworks-after-earnings-reports-2019-07-30)

While hopes aren't particularly high for Apple, AMD faces "difficult, super-seasonal expectations" for the second, third, and fourth quarters, according to Susquehanna's Christopher Rolland. That's because the company gave an especially rosy forecast at the start of the year. AMD's third-quarter outlook will be a major focus in the coming report as it should indicate management's projections for AMD's new 7-nanometer offerings, which launched in early July and should ramp up as the second half of the year progresses.

AMD earnings: With stock at highest prices in more than a decade, outlook must be strong (http://www.marketwatch.com/story/amd-earnings-what-to-expect-2019-07-15)

Also on deck are reports from Electronic Arts Inc. (EA), FireEye Inc. (FEYE), Gilead Sciences Inc. (GILD), and Groupon Inc. (GRPN)

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 30, 2019 10:35 ET (14:35 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2019 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2019. All rights reserved.