Why Lancaster Colony Stock Dropped Today
Shares of food-product manufacturer and marketer Lancaster Colony ( LANC -10.20% ) fell on Wednesday after financial results for its fiscal fourth...
August 27, 2023
4:32 AM
Shares of food-product manufacturer and marketer Lancaster Colony ( LANC -10.20% ) fell on Wednesday after financial results for its fiscal fourth quarter of 2023 failed to meet expectations. As of 1 p.m. ET, Lancaster Colony stock was down 11% and hitting year-to-date lows. So what Lancaster Colony produces its own food products as well as manufactures products for restaurant chains, including Chick-fil-A, Buffalo Wild Wings, and Darden 's Olive Garden. For fiscal 2023, the company had net sales of $1.
newsfeedback@fool.com