Lancaster Colony reports Q2 EPS $1.45, consensus $1.67

Reports Q2 revenue $477.4M, consensus $474.98M. "Looking ahead to our fiscal third quarter, we anticipate Retail sales will continue to benefit from our expanding licensing program while, in the Foodservice segment, we expect continued volume growth from select quick-service restaurant customers. Cost inflation will remain a headwind to our financial results, but the pricing actions we have in place along with our cost savings initiatives are expected to offset the increased costs. The ramp up of dressing and sauce production at our Horse Cave plant will continue through the quarter. In addition, we are in the process of adding that facility to our new ERP system as part of the Wave 3 implementation phase of our ERP initiative, Project Ascent."