Lancaster Colony Q4 EPS $0.33 vs $1.06; $25M impairment hit

MARZETTI CO

2023-FY EPS reported $4.04 revenue$1,822,527,000

Q4 net sales record $454.7M (+0.5% YoY); Retail segment +1.3%, Foodservice -0.4%.
Net income $9.2M ($0.33 diluted EPS) vs $29.0M ($1.06) last year; impairment reduced EPS by $0.70.
Noncash impairment of $25.0M on Flatout flatbread intangible assets.
FY2023 net sales $1.82B (+8.7%); net income $111.3M ($4.04 diluted EPS).
Fiscal 2024 outlook: licensing growth including Texas Roadhouse steak sauces; expects easing inflation.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MARZETTI CO reported financial results for the quarter and fiscal year ended June 30, 2023.

Period: the quarter and fiscal year ended June 30, 2023
Result: reported results

Exact text from the filing

On August 23, 2023, Lancaster Colony Corporation issued a press release announcing its results for the three months and fiscal year ended June 30, 2023.

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Source: SEC EDGAR

accession 0000057515-23-000016

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