Back to top

Analyst Blog

Snyder’s-Lance, Inc. (LNCE - Snapshot Report) recently reported its fourth quarter and full year 2013 results. Despite increasing 10.4% from the prior-year quarter figure of 29 cents , Snyder’s-Lance’ fourth quarter 2013 adjusted earnings per share of 31 cents lagged the Zacks Consensus Estimate of 36 cents by 13.9%, primarily due to increased investments and higher tax rates.  

Snyder’s-Lance reported net revenue of $450.4 million during the quarter, missing the Zacks Consensus Estimate of $457 million by 1.4%. However, quarterly revenues increased 7.3% year over year driven by solid sales in its core brands.

Organic revenues from core brands grew 6.8% during the quarter, mostly driven by improved pricing. Hanover Cape Cod and Snack Factory brands performed particularly well during the quarter.   

The company reported gross margin of 33.3%, down 140 basis points (bps), due to the company’s increased investments for improvements in product quality, capacity and capabilities and consolidation of the Canadian business. Adjusted operating margin increased 10 bps to 34.4%, driven by lower operating expenses.

The board of directors of Snyder’s-Lance declared a cash dividend of 16 cents per share on the common stock, payable on Mar 5, 2014 to shareholders as of Feb 26, 2014.

Fiscal 2013

Snyder’s-Lance’s full year 2013 adjusted earnings per share of $1.16 increased 22.1% from the prior year level of 95 cents. The company reported net revenue of $1.76 billion, up 8.8% year over year driven by solid sales in its core brands.

Snyder’s-Lance carries a Zacks Rank #4 (Sell). However, some better-ranked stocks in the consumer goods sector include ConAgra Foods, Inc. (CAG - Analyst Report), The Hain Celestial Group, Inc. (HAIN - Analyst Report) and J&J Snack Foods Corp. (JJSF - Snapshot Report). All the three companies carry a Zacks Rank #2 (Buy).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
CENTURY ALU… CENX 22.53 +4.50%
ERBA DIAGNO… ERB 2.91 +4.30%
PLANAR SYST… PLNR 4.31 +3.86%
MALLINCKROD… MNK 72.17 +3.83%
GTT COMMUNI… GTT 12.06 +3.52%