Landec Reports Q3 Loss of $0.08/sh, Offers Guidance
Investing.com
Published Apr 05, 2022 04:08PM ET
Updated Apr 05, 2022 04:40PM ET
Landec (NASDAQ:LNDC) reported Q3 EPS of ($0.08), versus $0.03 reported last year. Revenue for the quarter came in at $53.1 million, versus $44.69 million reported last year.
GUIDANCE:
Landec sees FY2022 revenue of $179-185 million.
- Pro forma consolidated: range of $179 million to $185 million (+4% to +8%)
- Lifecore segment: range of $105 million to $108 million (+7% to +10%)
- Pro forma Curation Foods segment (fiscal 2022, pro forma for the completion of the Eat Smart Disposition as if it occurred on May 31, 2021): range of $74 million to $77 million (+1% to +5%)
Adjusted EBITDA from continuing operations (full year fiscal 2022):
- Pro forma consolidated: range of $20.5 million to $23 million (+10% to +24%)
- Lifecore segment: range of $26 million to $27 million (+6% to +10%)
- Pro forma Curation Foods segment (fiscal 2022, pro forma for the completion of the Eat Smart Disposition as if it occurred on May 31, 2021): range of $3 million to $4 million (flat to +33%)
- Other (Corporate Expense): range of ($8.0) million to ($8.5) million; reflects a $3.5 million reallocation of corporate expense from the Eat Smart Disposition to the Other segment
For earnings history and earnings-related data on Landec, click here.
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Written By: Investing.com
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