Lance, Inc. (LNCE) Friday lowered its guidance for the full year and said it expects earnings per share to be in a range of $0.75 to $0.90, excluding special items, while Street view is for earnings of $0.95 per share. The primary driver for the decline in guidance is lower profit margins for the company's private brand products, resulting primarily from a lag in pricing realization compared to the cost of commodities.
The company's previous guidance estimated full year earnings per share to be in the range of $0.85 to $1.00, excluding special items.
The company also currently estimates that earnings per share for second quarter to be in the range of $0.15 to $0.17, excluding special items.
On average, nine analysts polled by Thomson Reuters expected the company to report a profit of $0.27 per share. Analysts' estimates typically exclude special items. Additionally, the company expects to record a charge for the second quarter 2011 totaling approximately $15 million after taxes, including non-cash expenses related to the impairment of transportation equipment and severance expenses.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.