Lancaster Colony Q1 sales record $461.6M (+8.5%); EPS $1.59 vs $1.36

MARZETTI CO

2024-Q1 EPS reported $1.59 revenue$461,572,000

Record Q1 net sales $461.6M, up 8.5% YoY; Retail $242.2M (+8.5%), Foodservice $219.4M (+8.4%).
Diluted EPS $1.59 vs $1.36 prior year; net income $44.0M up from $37.6M.
Gross profit $108.7M (+9.8%); operating income $56.8M (+15.2%).
ERP (Project Ascent) costs declined to $3.8M from $9.2M, benefiting earnings by $0.11/share.

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