Last $30.28 USD
Change Today +0.02 / 0.07%
Volume 102.8K
LNCE On Other Exchanges
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As of 2:20 PM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).

snyders-lance inc (LNCE) Snapshot

Open
$30.29
Previous Close
$30.26
Day High
$31.00
Day Low
$30.18
52 Week High
11/28/14 - $31.00
52 Week Low
08/1/14 - $24.67
Market Cap
2.1B
Average Volume 10 Days
106.2K
EPS TTM
$0.96
Shares Outstanding
70.3M
EX-Date
11/14/14
P/E TM
31.6x
Dividend
$0.64
Dividend Yield
2.11%
Current Stock Chart for SNYDERS-LANCE INC (LNCE)

snyders-lance inc (LNCE) Related Businessweek News

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snyders-lance inc (LNCE) Details

Snyder’s-Lance, Inc. manufactures, distributes, markets, and sells snack food products in the United States. The company’s products include pretzels, sandwich crackers, kettle chips, pretzel crackers, cookies, potato chips, tortilla chips, other salty snacks, sugar wafers, nuts, and restaurant style crackers. The company sells its products under the Hanover, Lance, Cape Cod, and Snack Factory, Pretzel Crisps, Krunchers!, Tom’s, Archway, Jays, Stella D’oro, EatSmart, O-Ke-Doke, and Quitos brands. It also purchases cakes and meat snacks under its brands, as well as partner brand products for resale. Snyder’s-Lance, Inc. sells its products through direct-store-delivery network, distributors, and direct sales to grocery/mass merchandisers, club stores, discount stores, convenience stores, and food service establishments, as well as various other retailers, such as drug stores, schools, military, government and recreational facilities, offices, and other independent retailers. The company was formerly known as Lance, Inc. and changed its name to Snyder’s-Lance, Inc. in December 2010. Snyder’s-Lance, Inc. was founded in 1912 and is headquartered in Charlotte, North Carolina.

5,700 Employees
Last Reported Date: 02/25/14
Founded in 1912

snyders-lance inc (LNCE) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $760.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $491.7K
Senior Vice President and President of S-L Di...
Total Annual Compensation: $345.6K
Principal Accounting Officer, Vice President,...
Total Annual Compensation: $243.3K
Compensation as of Fiscal Year 2013.

snyders-lance inc (LNCE) Key Developments

Snyder's-Lance Completes $10 Million Investment to Expand Production Capacity, Boost Sustainability at Hyannis Cape Cod Plant

Snyder's-Lance is completing a $10 million investment to improve operations and build on its commitment to sustainability at its manufacturing facility in Hyannis, where the company makes Cape Cod Potato Chips. Over the past three years, Snyder's-Lance has made numerous capital improvements to the Hyannis plant, which is one of the area's top tourist destinations with over 350,000 visitors annually. The company invested in new cooking kettles and made several energy-saving upgrades to its mechanical systems. These improvements have resulted in annual energy and greenhouse gas reductions that are equivalent to planting more than 85 acres of trees, or removing 22 cars from the road. In addition, the Hyannis facility has partnered with a local solar farm to purchase solar credits that support the community's initiative to reduce harmful global-warming greenhouse gas emissions on Cape Cod. As part of the investment plan, construction on a new, wastewater pretreatment plant will be completed by the end of the year. Upon implementation of the new plant, the existing wastewater pre-treatment facility will be decommissioned, creating space for additional parking and allowing for future growth at the facility.

Snyder's-Lance Mulls Acquisitions

Snyder's-Lance, Inc. (NasdaqGS:LNCE) is looking for other possible acquisitions that it will evaluate to add to its portfolio over time.

Snyder's-Lance, Inc. Declares Quarterly Cash Dividend, Payable on November 28, 2014; Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 27, 2014; Provides Earnings Guidance for the Full Year of 2014

Snyder's-Lance, Inc. announced the declaration of a quarterly cash dividend of $0.16 per share on the company's common stock. The dividend is payable on November 28, 2014 to stockholders of record at the close of business on November 18, 2014. The company reported unaudited consolidated earnings results for the third quarter and nine months ended September 27, 2014. For the quarter, the company reported net revenue of $409,308,000 compared to $385,242,000 a year ago. Income before interest and income taxes was $26,478,000 compared to $30,536,000 a year ago. Income before income taxes was $23,494,000 compared to $26,794,000 a year ago. Income from continuing operations was $13,685,000 compared to $16,620,000 a year ago. Net income was $137,782,000 compared to $23,112,000 a year ago. Net income attributable to the company was $137,766,000 compared to $22,899,000 a year ago. Basic and diluted earnings per share from continuing operations were $0.19 compared to $0.24 a year ago. Diluted net income per share was $1.94 compared to $0.33 a year ago. Net income excluding special items in the third quarter of 2014 was $17.0 million, or $0.24 per diluted share, as compared to net income excluding special items of $16.7 million for the third quarter of 2013, or $0.24 per diluted share when adjusted for discontinued operations. Net income from continuing operations including special items was $13.7 million or $0.19 per diluted share, as compared to net income from continuing operations including special items of $16.4 million for the third quarter of 2013, or $0.24 per diluted share. For the nine months, the company reported net revenue of $1,181,920,000 compared to $1,122,272,000 a year ago. Income before interest and income taxes was $60,553,000 compared to $76,226,000 a year ago. Income before income taxes was $50,068,000 compared to $65,524,000 a year ago. Income from continuing operations was $32,349,000 compared to $40,340,000 a year ago. Net income was $166,291,000 compared to $56,050,000 a year ago. Net income attributable to the company was $166,259,000 compared to $55,721,000 a year ago. Basic and diluted earnings per share from continuing operations were $0.46 compared to $0.58 a year ago. Diluted net income per share was $2.35 compared to $0.80 a year ago. Net cash used in operating activities was $1,416,000 compared to net cash provided by operating activities of $74,473,000 a year ago. Purchases of fixed assets were $52,990,000 compared to $55,874,000 a year ago. Net income excluding special items was $55.9 million, or $0.79 per diluted share, as compared to net income excluding special items of $53.4 million for the first nine months of 2013, or $0.76 per diluted share when adjusted to exclude discontinued operations for the third quarter of 2013. The company estimates net revenue for the full year 2014 to increase into the range of $1.73 to $1.74 billion. Earnings per diluted share excluding special items are expected to be between $1.07 and $1.12, adjusted for recent transactions. Capital expenditures for 2014 are projected to be between $70 and $72 million, including capacity expansion for Baptista's.

 

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Industry Analysis

LNCE

Industry Average

Valuation LNCE Industry Range
Price/Earnings 30.2x
Price/Sales 1.2x
Price/Book 2.0x
Price/Cash Flow 11.2x
TEV/Sales 0.9x
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