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Last $31.04 USD
Change Today -0.12 / -0.39%
Volume 15.0K
LNCE On Other Exchanges
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As of 10:30 AM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).

snyders-lance inc (LNCE) Key Developments

Snyder's-Lance Adds Cape Cod, Snack Factory Pretzel Crisps, Eatsmart Naturals and Lance to its Product Lineup

Snyder's-Lance, Inc. has expanded its portfolio of gluten-free snacks with the addition of Cape Cod, Snack Factory Pretzel Crisps, Eatsmart Naturals and Lance to its product lineup. To meet consumers' increasing demand for gluten-free options, Cape Cod, Snack Factory Pretzel Crisps, Eatsmart Naturals and Lance all have new certified gluten-free snacks being rolled out currently and are already on shelves at many retailers nationwide. A new gluten-free sandwich cracker is being presented to retailers this week for a spring introduction.

Snyder's-Lance, Inc. Announces Clearview Foods Division; Appoints Peter L. Michaud as Senior Vice President and General Manager of the Clearview Foods Division

Snyder's-Lance, Inc. has announced Clearview Foods, a new snack food division. Clearview Foods will concentrate its efforts on growing the Snack Factory Pretzel Crisps, Eat Smart and Late July Organic Snacks products. The company has also appointed Peter L. Michaud, former vice president of Snack Factory, to the role of Senior vice president and General Manager of the Clearview Foods Division.

Snyder's-Lance, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended January 3, 2015; Provides Earnings Guidance for the Full Year of 2015

Snyder's-Lance, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended January 3, 2015. For the quarter, the company reported net revenue of $439,000,000 compared to net revenue of $382,060,000 for the same period a year ago. Income before interest and income taxes was $44,297,000 compared to $26,082,000 last year. Income before income taxes was $41,440,000 compared to $22,376,000 last year. Income from continuing operations was $26,868,000 compared to $15,263,000 last year. Net income was $26,242,000 compared to $23,034,000 last year. Net income attributable to the company was $26,332,000 or $0.37 per basic and diluted share compared to $22,999,000 or $0.33 per basic and diluted share last year. Net income attributable to the company from continuing operations was $26,958,000 or $0.38 per basic and diluted share compared to $15,228,000 or $0.22 per basic and diluted share last year. Net income attributable to the company excluding special items was $21,123,000 or $0.297 per diluted share compared to $22,153,000 or $0.314 per diluted share last year. Total net revenue excluding estimated 53rd week was $408,600,000. Net income from continuing operations including special items was $27.0 million for the fourth quarter of 2014, or $0.38 per diluted share, as compared to net income from continuing operations including special items of $15.2 million for the fourth quarter of 2013, or $0.22 per diluted share. CapEx came in just under $70 million, which was towards the low end of guidance coming in to this quarter. For the year, the company reported net revenue of $1,620,920,000 compared to net revenue of $1,504,332,000 for the same period a year ago. Income before interest and income taxes was $104,850,000 compared to $102,308,000 last year. Income before income taxes was $91,508,000 compared to $87,900,000 last year. Income from continuing operations was $59,217,000 compared to $55,603,000 last year. Net income was $192,533,000 compared to $79,084,000 last year. Net income attributable to the company was $192,591,000 or $2.72 per diluted share compared to $78,720,000 or $1.12 per diluted share last year. Net income attributable to the company from continuing operations was $59,275,000 or $0.84 per basic and diluted share compared to $55,239,000 or $0.79 per diluted share last year. Net cash provided by operating activities was $13,025,000 compared to $140,736,000 last year. Purchases of fixed assets was $72,056,000 compared to $74,579,000 last year. Net income from continuing operations attributable to the company excluding special items was $65,165,000 or $0.918 per diluted share. Net income attributable to the company excluding special items was $77,016,000 or $1.086 per diluted share compared to $81,262,000 or $1.158 per diluted share last year. Total net revenue included in earnings release was $1,745,176,000. Total net revenue excluding estimated 53rd week was $1,714,776,000. It's a very strong year again for free cash flow. The company estimates net revenue for the full year 2015 to be in the range of $1.68 to $1.72 billion. Earnings per diluted share excluding special items are expected to be between $1.09 and $1.19. Capital expenditures for 2015 are projected to be between $60 and $65 million.

Snyder's-Lance, Inc. Declares Quarterly Cash Dividend, Payable on March 6, 2015

Snyder's-Lance, Inc. announced the declaration of a quarterly cash dividend of $0.16 per share on the company's common stock. The dividend is payable on March 6, 2015 to stockholders of record at the close of business on February 25, 2015.

Snyder's-Lance, Inc. to Report Q4, 2014 Results on Feb 12, 2015

Snyder's-Lance, Inc. announced that they will report Q4, 2014 results at 8:00 AM, US Eastern Standard Time on Feb 12, 2015

 

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LNCE

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Valuation LNCE Industry Range
Price/Earnings 37.0x
Price/Sales 1.3x
Price/Book 2.0x
Price/Cash Flow 11.3x
TEV/Sales 1.0x
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