Lancaster Colony Corporation reported record results for its fiscal second quarter ended December 31, 2024, with consolidated net sales increasing 4.8% to $509.3 million. The company also achieved a record gross profit of $132.8 million, up 9.3%, and a record operating income of $75.7 million, a 15.1% increase.
The Retail segment's net sales grew 6.3% to $280.8 million, driven by the licensing program, including Texas Roadhouse dinner rolls, Buffalo Wild Wings sauces, Subway sauces, and Olive Garden dressings. Excluding exited bakery lines, Retail net sales increased 8.4% and sales volume rose 7.4%.
Net income for the quarter declined $2.5 million to $49.0 million, or $1.78 per diluted share, primarily due to a $14.0 million noncash pension settlement charge. The company anticipates continued growth in Retail from its expanding licensing program and innovation, and in Foodservice from select national chain restaurant accounts.
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