LNCE Div & Yield: 0.64 (3.20%)
P/E (ttm): 25.79
PERIOD ENDING ...29-Dec-07 .29-Sep-07 .30-Jun-07. 31-Mar-07
Retained Earnings 163,356 . 167,269 . 164,752 . 160,665
Total Revenue ....185,221 . 198,052 . 197,037 . 182,426
Sale of Stock ......132 .... 1,831 ...1,940 ..... 829 <---
Net Borrowings ........0...........0..........0..........0 <---
http://stockcharts.com/charts/gallery.html?lnce
<--nice rally...entry at
$18 retrace?
Short % of Float (as of 26-Feb-08): 13.80% <---motivated buyers
Qtrly Revenue Growth (yoy): 7.40% <-------ok
Qtrly Earnings Growth (yoy): -80.70% <-------bzzzzt
Total Debt (mrq): 50.00M <----------6.5% of revenue..ok
Lance, Inc. engages in the manufacture, marketing, and distribution of
snack food products in the United States and Canada. Its products include
sandwich crackers and cookies, potato chips, crackers, cookies, other
salty snacks, sugar wafers, nuts, restaurant style crackers, and candy.
The company also purchases and resells various cakes, meat snacks, candy,
restaurant style crackers, and salty snacks. It markets its products
primarily under the Lance, Cape Cod, and Tom's brand names; and non-
branded products. Lance, Inc. sells its products to grocery/mass
merchandisers, convenience stores, distributors, food service
establishments, club stores, and discount stores, as well as to drug
stores, schools, military, government facilities, and up and down the
street outlets, such as recreational facilities, offices, and other
independent retailers. It markets its products through its own sales
personnel, independent distributors, and brokers. The company was founded
in 1912 and is based in Charlotte, North Carolina.
==============
Friday March 14, 5:27 pm ET
Lance Buys Privately-Held Gourmet Cookie Maker Brent & Sam's, Terms Not
Disclosed
CHARLOTTE, N.C. (AP) -- Snack maker Lance Inc. said Friday it bought
privately-held Brent & Sam's Inc., which makes gourmet cookies.
The financial terms of the deal were not disclosed.
Lance said the purchase was funded with a draw under its existing credit
facility
========
FROM THE ANNUAL RE****T:
Despite the significant improvements in our core operations, the
challenge that our organization faced in 2007 was the unprecedented
increase in flour and vegetable oil prices that began significantly
affecting us during the Third Quarter of 2007 and continued throughout
the remainder of the year. The cost of wheat, the main ingredient for
flour, more than doubled in 2007 from $4.50 a bushel at the beginning of
the year to approximately $9.50 a bushel for most of the Fourth Quarter.
In addition, soybean oil, the basis for most vegetable oil prices,
increased approximately 80% compared to 2006. For 2007, the net increase
in ingredient costs compared to 2006 was $22.4 million, of which $9.7
million of the increase occurred during the Fourth Quarter of 2007. This
was in addition to the increases that occurred in 2006 for ingredients of
$8.6 million compared to 2005. Based on our current production and
without corresponding price increases to our customers, an increase of
$1.00 in the price per bushel of wheat reduces our diluted earnings per
share by approximately $0.16, and a $0.06 increase in a pound of soybean
oil reduces our diluted earnings per share by approximately $0.14. Moving
into 2008, we expect that the increase in ingredient costs will continue
to negatively affect financial results, especially during the first half
of 2008, despite planned price increases.
The impact of the weakening US dollar compared to the Canadian dollar
also had an unfavorable impact to earnings of $2.3 million in 2007
compared to 2006. The effect of foreign exchange on earnings is included
in both cost of goods sold and other income/loss on our income statement
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