HomeNewsNewsLancaster Colony sales up, earnings down

Lancaster Colony sales up, earnings down

WESTERVILLE, OHIO. — Despite strong sales from the company’s baked foods brands, including Sister Schubert’s “strongest holiday performance ever,” elevated costs pressured profitability at Lancaster Colony Corp. in the company’s most recent fiscal quarter.

Net income at Lancaster Colony in the second quarter ended Dec. 31, 2021, was $34.37 million, equal to $1.25 per share on the common stock, down 23% from $44.63 million, or $1.62 per share, during the second quarter of fiscal 2021. Net sales were $428.43 million, up 14% from $375.02 million.

David A. Ciesinski, president and chief executive officer, said strong sales of Sister Schubert’s dinner rolls and sauces sold under the Chick-fil-A and Buffalo Wild Wings brands under license agreements, together with higher prices were not enough to offset higher costs emanating from multiple directions.

“While pricing actions served to offset significant commodity cost…

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