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Last $30.97 USD
Change Today -0.67 / -2.12%
Volume 98.9K
LNCE On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

snyders-lance inc (LNCE) Snapshot

Open
$31.36
Previous Close
$31.64
Day High
$31.44
Day Low
$30.83
52 Week High
04/6/15 - $32.93
52 Week Low
08/1/14 - $24.67
Market Cap
2.2B
Average Volume 10 Days
122.6K
EPS TTM
$0.94
Shares Outstanding
70.5M
EX-Date
02/23/15
P/E TM
32.9x
Dividend
$0.64
Dividend Yield
2.07%
Current Stock Chart for SNYDERS-LANCE INC (LNCE)

snyders-lance inc (LNCE) Related Businessweek News

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snyders-lance inc (LNCE) Details

Snyder’s-Lance, Inc. manufactures, distributes, markets, and sells snack food products in the United States. Its products include pretzels, sandwich crackers, kettle cooked chips, pretzel crackers, cookies, potato chips, tortilla chips, nuts, restaurant style crackers, and other salty snacks. The company sells its products under the Snyder’s of Hanover, Lance, Cape Cod, Snack Factory Pretzel Crisps, Late July, Tom’s, Archway, Jays, Stella D’oro, EatSmart, Krunchers! and O-Ke-Doke brands. It also purchases cakes under its brands; and sells partner brand products. Snyder’s-Lance, Inc. sells its products through direct-store-delivery network, distributors, and direct sales to grocery/mass merchandisers, club stores, discount stores, convenience stores, and food service establishments, as well as various other retailers, such as drug stores, schools, military, government and recreational facilities, offices, and other independent retailers. The company was formerly known as Lance, Inc. and changed its name to Snyder’s-Lance, Inc. in December 2010. Snyder’s-Lance, Inc. was founded in 1912 and is headquartered in Charlotte, North Carolina.

5,700 Employees
Last Reported Date: 03/4/15
Founded in 1912

snyders-lance inc (LNCE) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $800.0K
Chief Financial Officer, Chief Administrative...
Total Annual Compensation: $523.8K
Senior Vice President and President of S-L Di...
Total Annual Compensation: $346.1K
Chief Marketing Officer and Senior Vice Presi...
Total Annual Compensation: $360.0K
Chief Supply Chain Officer and Senior Vice Pr...
Total Annual Compensation: $346.2K
Compensation as of Fiscal Year 2014.

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.

 

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Industry Analysis

LNCE

Industry Average

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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