Lancaster Colony(US:LANC)2022-09-09 21:17Financial Performance & Growth - Lancaster Colony's FY22 net sales reached $1.7 billion, primarily in the U S [6] - The company has a history of increasing regular cash dividends for 59 consecutive years [6, 32] - From fiscal year 1972 through fiscal year 2022, the company achieved an 11% compound annual growth rate [17] - Retail sales accounted for 55% of total net sales, while foodservice sales made up 45% [8, 9] - Net sales increased by 14% from 2021 to 2022, reaching $1,676 390 thousand in 2022 [26, 34] - Diluted net income per common share decreased by 37% from $5 16 in 2021 to $3 25 in 2022 [34] Retail Segment & Licensing - Retail sales consist of 36% frozen breads, 23% refrigerated dressings, dips & other, and 41% shelf-stable dressings, sauces & croutons [8] - Sales of licensed dressings and sauces in the retail channel totaled $333 million for the 52-week period ended 6/26/2022, a 47% increase over the previous year [11] Market Share - Marzetti holds a 23 2% market share in refrigerated dressings with sales of $113 1 million [42, 43] - Marzetti dominates the dips market with an 80 1% share and sales of $135 3 million [42, 48] - New York Brand Bakery leads the frozen garlic bread market with a 41 5% share and sales of $283 9 million [42, 53] - Sister Schubert's holds a 53 0% market share in the frozen roll market with sales of $147 4 million [42, 58]