Last $90.60 USD
Change Today -1.18 / -1.29%
Volume 41.1K
As of 8:10 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

37 West Broad Street

Columbus, OH 43215

United States

Phone: 614-224-7141

Fax: 614-469-8219

Lancaster Colony Corporation operates as a manufacturer and marketer of consumer products. The company focuses primarily on specialty foods for the retail and foodservice markets. It also manufactures and markets candles for the food, drug, and mass markets. Segments The company operates through two segments, Specialty Foods, and Glassware and Candles. Specialty Foods Segment This segment manufactures and sells include salad dressings and sauces marketed under the brand names Marzetti, T. Marzetti, Cardini’s, Pfeiffer, Simply Dressed, Katherine’s Kitchen and Girard’s; fruit glazes, vegetable dips and fruit dips marketed under the brand name T. Marzetti; Greek yogurt vegetable dips marketed under the brand name Otria; frozen garlic breads marketed under the brand names New York BRAND and Mamma Bella; frozen Parkerhouse style yeast dinner rolls and sweet rolls, as well as biscuits, marketed under the brand names Sister Schubert’s, Marshall’s and Mary B’s; premium dry egg noodles marketed under the brand names Inn Maid and Amish Kitchen; frozen specialty noodles and pastas marketed under the brand names Reames and Aunt Vi’s; croutons and related products marketed under the brand names New York BRAND, Texas Toast, Chatham Village, Cardini’s, and T. Marzetti and caviar marketed under the brand name Romanoff. A portion of the company’s sales in this segment relates to products sold under private label to retailers, distributors and restaurants primarily in the United States. Additionally, a portion of its sales relates to dressing packets, frozen specialty noodles and pastas sold to industrial customers for use as ingredients or components in their products. The dressings, sauces, croutons, fruit glazes, vegetable dips, fruit dips, frozen breads and yeast rolls are sold primarily through sales personnel, food brokers and distributors throughout the United States. Sales are made to retail, club stores and foodservice markets. The company has placement of products in U.S. grocery produce departments through its refrigerated salad dressings, vegetable and fruit dips, and croutons. Products the company sells in the foodservice markets are often custom-formulated and include salad dressings, sandwich and dipping sauces, frozen breads and yeast rolls. A significant portion of this segment’s product lines is manufactured at the company’s 14 food plants located throughout the United States. Certain items are also manufactured and packaged by third parties located in the United States, Canada, and Europe. Glassware and Candles Segment This segment sells candles, candle accessories, and other home fragrance products in a variety of sizes, forms and fragrances in retail markets to mass merchants, supermarkets, drug stores and specialty shops under the Candle-lite brand name. A significant portion of the company’s candle business is marketed under private label. Customers The company sells its products principally to retail outlets and wholesale distributors, including traditional supermarkets, mass merchants, warehouse clubs, wholesalers, foodservice distributors and direct accounts, specialty food distributors, nonfood outlets, such as drug store chains and dollar stores. Its major customer is Wal-Mart Stores, Inc. History Lancaster Colony Corporation was founded in 1961 as a Delaware corporation. The company was reincorporated in 1992 as an Ohio corporation.

 

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LANC:US $90.60 USD -1.18

LANC Competitors

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Industry Analysis

LANC

Industry Average

Valuation LANC Industry Range
Price/Earnings 22.7x
Price/Sales 2.1x
Price/Book 4.8x
Price/Cash Flow 31.7x
TEV/Sales 2.0x
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