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Article: Lance, Inc. Reports Results for Third Quarter 2009.(Financial report)
- Article from:
- Food Weekly News
- Article date:
- November 12, 2009
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Lance, Inc. (NASDAQ: LNCE) announced record net revenues for the third quarter ended September 26, 2009 of $234.9 million, an increase of 4% compared with 2008 third quarter net revenues of $225.6 million. Of the 4% growth, approximately 2% was driven by higher net selling prices, with the remainder due to increased volume, including the positive impact of the Company's December 2008 Archway acquisition.
The Company's branded product sales, which represented approximately 58% of total revenue in the quarter, increased 1% from the third quarter of 2008. Growth from higher net selling prices, incremental sales from new branded product introductions and incremental ...