LNCE 29.91 Snyder's Lance Inc $LNCE Hit a 52 week high of 30.11 Closing the day 09:42 at 29.91 -0.07 -0.23% With a day low of 29.81 and a total volume of 954.
LNCE Recent Posts: http://investorshangout.com/Snyders-Lance-Inc-LNCE-54647/
LNCE Snyder's Lance Inc Recent Headline News
Krispy Kreme Elects Carl E. Lee, Jr. to Board of Directors
Business Wire - Tue Nov 11, 3:05PM CST
Krispy Kreme Doughnuts, Inc. (NYSE: KKD) announced today that Carl E. Lee, Jr. has joined the Company's Board of Directors.
KKD: 19.98 (+0.09), LNCE: 30.02 (+0.04)
The Best Small-Cap Dividend Growers
Stan Stafford - at Seeking Alpha - Tue Nov 11, 2:32PM CST
CALM: 42.04 (-0.65), BGS: 29.15 (+0.14), JJSF: 103.55 (-0.17), SAFM: 84.56 (+0.84), LNCE: 30.02 (+0.04)
Upgrade Alert for Lance (LNCE)
Comtex SmarTrend(R) - Thu Nov 06, 7:00AM CST
Lance (NASDAQ:LNCE) was upgraded from Hold to Buy at BB&T Capital today. The stock closed yesterday at $29.80 on volume of 328,000 shares, above average daily volume of 139,000. In the past 52 weeks, Lance share prices have been bracketed by a low of $24.67 and a high of $29.97 and closed yesterday at $29.80, 21% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.
LNCE: 30.02 (+0.04)
Snyder's-Lance's (LNCE) CEO Carl Lee on Q3 2014 Results - Earnings Call Transcript
SA Transcripts - at Seeking Alpha - Tue Nov 04, 1:30PM CST
LNCE: 30.02 (+0.04)
Snyder's-Lance (LNCE) Q3 2014 Results - Earnings Call Webcast
SA Transcripts - at Seeking Alpha - Tue Nov 04, 7:55AM CST
LNCE: 30.02 (+0.04)
Snyder's-Lance misses by $0.05, misses on revenue
Seeking Alpha - at Seeking Alpha - Tue Nov 04, 5:17AM CST
LNCE: 30.02 (+0.04)
Snyder's-Lance, Inc. Reports Results for Third Quarter 2014
PR Newswire - Tue Nov 04, 5:00AM CST
Snyder's-Lance, Inc. (Nasdaq-GS: LNCE) today reported results for its third quarter of 2014.
LNCE: 30.02 (+0.04)
Snyder's-Lance, Inc. announces creation of a "Better for You" Division and Increased Investment in Late July Organic Snacks
PR Newswire - Tue Nov 04, 4:45AM CST
Snyder's-Lance, Inc. (NASDAQ: LNCE) ("Snyder's-Lance"
today announced the creation of a new, "better for you" division as well as an increase in its investment in Late July Snacks, LLC ("Late July" - a leader in organic and non-GMO snacks. Today's announcement supports the Snyder's-Lance goal of creating a stronger presence in a healthier, more sustainable food industry.
LNCE: 30.02 (+0.04)
Notable earnings before Tuesday's open
Seeking Alpha - at Seeking Alpha - Mon Nov 03, 4:30PM CST
HSNI: 69.90 (+0.34), HCLP: 45.10 (-0.28), KORS: 70.14 (+1.25), DX: 8.48 (+0.01), HW: 13.66 (+0.49), MSI: 63.67 (+0.12), AER: 43.72 (-0.44), MFA: 8.21 (-0.02), GDP: 8.82 (+0.31), MWW: 4.45 (-0.06), EOG: 98.44 (-0.31), AYR: 20.54 (+0.08), LNCE: 30.02 (+0.04), EXH: 34.71 (+0.24), HEP: 34.64 (-0.13), ENBL: 23.31 (-0.26), NCT: 4.86 (+0.05), FE: 36.34 (-0.95), AFSI: 50.54 (-0.12), IP: 53.72 (+0.10), NNN: 38.45 (+0.14), BKW: 32.14 (-0.24), EXLP: 27.26 (+0.26), ARCC: 16.38 (+0.05), IRWD: 13.74 (-0.16), EXPD: 44.20 (-0.06), IMN: 2.99 (-0.06), ARCO: 6.63 (+0.14), CVS: 89.43 (-0.33), EL: 72.43 (-0.27), BLMN: 21.33 (+0.22), HMSY: 21.50 (+0.13), IFF: 99.64 (-0.15), BDX: 129.06 (+0.30), CLDT: 25.68 (-0.10), N: 109.10 (-0.10), AKS: 6.38 (+0.06), CIE: 10.54 (+0.05), ALLT: 10.54 (+0.08), CCG: 7.21 (+0.01), ETR: 81.53 (-1.43), IRC: 10.60 (+0.01), LINE: 23.54 (+0.19), LINC: 3.67 (+0.01), HCP: 43.21 (-0.16), HCN: 70.79 (-0.05), NGLS: 56.29 (-0.15), EMR: 64.20 (-0.36), HPT: 29.94 (-0.15), DISCA: 31.67 (-0.32), ICE: 220.80 (-0.44), DISH: 63.73 (-0.06), IPXL: 29.42 (+0.30), DWRE: 63.39 (+2.22), GLT: 26.74 (+0.04), CONE: 27.00 (-0.01), ATRO: 51.83 (-1.37), ARRY: 3.79 (-0.05), BABA: 118.72 (+4.18)
Snyder's-Lance, Inc. to Release Third Quarter 2014 Results on Tuesday, November 4, Before Market Opens. Will Host Conference Call and Webcast at 9:00 am Eastern on Tuesday, November 4.
PR Newswire - Mon Oct 20, 3:30PM CDT
Snyder's-Lance, Inc. (Nasdaq-GS: LNCE) announced today that it intends to release its 2014 third quarter results before the market opens on Tuesday, November 4, 2014. Management will also conduct a conference call and live webcast at 9:00 am Eastern time on Tuesday, November 4, 2014 to review the Company's results. Participating in the conference call will be Carl Lee, Jr, CEO and President, Rick Puckett, Executive Vice President, Chief Financial Officer and Chief Administrative Officer and Mark Carter, Vice President and Investor Relations Officer.
LNCE: 30.02 (+0.04)
J.M. Smucker Expands Portfolio, Closes Sahale Snacks Buy - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Sep 08, 4:30PM CDT
The J. M. Smucker Company (SJM) is also keen on expanding its snacks portfolio and has recently completed the acquisition of Sahale Snacks, Inc. for an undisclosed amount.
MDLZ: 37.91 (+0.14), LNCE: 30.02 (+0.04), PEP: 97.21 (+0.51), SJM: 100.22 (-4.50)
Extended Stay America names Kevin A Henry as EVP and chief HRO
M2 - Tue Aug 19, 8:22AM CDT
An owner/operator of company branded hotels in North America, Extended Stay America Inc (NYSE:STAY) named today Kevin A Henry as its executive vice president (EVP) and chief human resources officer (HRO), effective immediately, succeeding the retiring Robert Joyce, who will continue as an advisor till the end of the year.
LNCE: 30.02 (+0.04), STAY: 17.57 (-0.26)
Extended Stay America Appoints Kevin A. Henry as Executive Vice President and Chief Human Resources Officer
Business Wire - Mon Aug 18, 3:44PM CDT
Extended Stay America, Inc. (NYSE:STAY) (the "Company" today announced that Kevin A. Henry will join the Company as the Executive Vice President and Chief Human Resources Officer, effective immediately. Mr. Henry will report directly to Chief Executive Officer Jim Donald and will be responsible for all aspects of the Company's human resource functions and guest relations across the portfolio's nearly 700 locations in the U.S. and Canada. Mr. Henry will succeed Robert Joyce, who is retiring. Mr. Joyce will continue in an advisory capacity until the end of the year.
LNCE: 30.02 (+0.04), STAY: 17.57 (-0.26)
J.M. Smucker to Expand Snacks Business, Acquires Sahale - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Aug 08, 4:51PM CDT
Food manufacturer The J. M. Smucker Company (SJM) is on track to expand its snacks portfolio. It recently signed a definitive agreement to acquire Seattle, WA-based Sahale Snacks, Inc. for an undisclosed amount.
MDLZ: 37.91 (+0.14), LNCE: 30.02 (+0.04), PEP: 97.21 (+0.51), SJM: 100.25 (-4.47)
Snyder's-Lance, Inc. Reports Results for Second Quarter 2014
PR Newswire - Thu Aug 07, 5:00AM CDT
Snyder's-Lance, Inc. (Nasdaq-GS: LNCE) today reported results for its second quarter of 2014. Net revenue for the second quarter ended June 28, 2014 was $460 million, an increase of 4.8% compared to prior year net revenue of $439 million. Net income excluding special items in the second quarter of 2014 was $20.6 million, or $0.29 per diluted share, as compared to net income of $16.9 million for the second quarter of 2013, or $0.24 per diluted share. Net income including special items was $11.7 million for the second quarter of 2014, or $0.16 per diluted share, as compared to net income of $13.0 million for the second quarter of 2013, or $0.19 per diluted share. Special items for the second quarter of 2014 included after-tax expenses of $6.1 million for restructuring and impairment charges and $2.8 million in transaction related expenses. Special items for the second quarter of 2013 included after-tax expenses of $1.2 million for impairment charges and $2.7 million for a substantial self-funded medical expense.
LNCE: 30.02 (+0.04)
Snyder's-Lance, Inc. to Release Second Quarter 2014 Results on Thursday, August 7, Before Market Opens. Will Host Conference Call and Webcast at 9:00 am Eastern on Thursday, August 7.
PR Newswire - Tue Jul 22, 3:30PM CDT
Snyder's-Lance, Inc. (Nasdaq-GS: LNCE) announced today that it intends to release its 2014 second quarter results before the market opens on Thursday, August 7, 2014. Management will also conduct a conference call and live webcast at 9:00 am Eastern time on Thursday, August 7, 2014 to review the Company's results. Participating in the conference call will be Carl Lee, Jr, CEO and President, Rick Puckett, Executive Vice President and Chief Financial Officer and Mark Carter, Vice President and Investor Relations Officer.
LNCE: 30.02 (+0.04)
Are These Snack Companies Wise Investments?
Kyle Colona, The Motley Fool - Motley Fool - Fri Jul 11, 9:17AM CDT
Snack companies design good brands to create consumer demand for their products, which grows their revenue and earnings and results in shareholder returns. But consumers are becoming more health-conscious. So snack and beverage companies need to...
KO: 42.80 (+0.29), JJSF: 103.55 (-0.17), LNCE: 30.02 (+0.04), PEP: 97.21 (+0.51)
Zacks Rank #5 Additions for Thursday - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Thu Jul 10, 8:30AM CDT
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List for Thursday
ATLS: 36.76 (-0.32), TPRE: 14.77 (-0.13), CHUY: 22.50 (+0.10), CKEC: 28.21 (-0.09), LNCE: 30.02 (+0.04)
Snyder's-Lance Vends Private Brands to Focus on Healthy Snacks - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Jul 01, 1:20PM CDT
Snacks company Snyder's-Lance, Inc. (LNCE) completed the divestiture of its Private Brands business.
HAIN: 106.12 (+0.57), MDLZ: 37.91 (+0.14), SNAK: 13.09 (-0.11), LNCE: 30.02 (+0.04)
Snyder's-Lance, Inc. Completes Divestiture of Private Brands and Implements Margin Improvement & Restructuring Plan
PR Newswire - Mon Jun 30, 3:50PM CDT
Snyder's-Lance, Inc. (Nasdaq-GS: LNCE) announced the completion of the sale of its Private Brands business, along with two manufacturing facilities in the U.S. and Canada, to Shearer's Foods, LLC, a leading provider of private label snacks headquartered in Massillon, OH. The deal was first announced on May 7, 2014. As previously communicated, the selling price for Private Brands was $430 million, with after-tax proceeds of approximately $300 million. When combined with the recently completed acquisition of Baptista's Bakery, the company expects an annualized reduction in Net Revenue of approximately $250 million and an initial reduction in operating margins of around 20 basis points primarily due to stranded costs. "This is an important step forward for Snyder's-Lance as we dedicate our attention to our branded portfolio," said Carl E. Lee, Jr., President and Chief Executive Officer. "I want to thank all of our associates who have worked to make our Private Brands successful for many years, and wish everyone the greatest of success in the future."
LNCE: 30.02 (+0.04)
LNCE Recent Posts: http://investorshangout.com/Snyders-Lance-Inc-LNCE-54647/
LNCE Snyder's Lance Inc Recent Headline News
Krispy Kreme Elects Carl E. Lee, Jr. to Board of Directors
Business Wire - Tue Nov 11, 3:05PM CST
Krispy Kreme Doughnuts, Inc. (NYSE: KKD) announced today that Carl E. Lee, Jr. has joined the Company's Board of Directors.
KKD: 19.98 (+0.09), LNCE: 30.02 (+0.04)
The Best Small-Cap Dividend Growers
Stan Stafford - at Seeking Alpha - Tue Nov 11, 2:32PM CST
CALM: 42.04 (-0.65), BGS: 29.15 (+0.14), JJSF: 103.55 (-0.17), SAFM: 84.56 (+0.84), LNCE: 30.02 (+0.04)
Upgrade Alert for Lance (LNCE)
Comtex SmarTrend(R) - Thu Nov 06, 7:00AM CST
Lance (NASDAQ:LNCE) was upgraded from Hold to Buy at BB&T Capital today. The stock closed yesterday at $29.80 on volume of 328,000 shares, above average daily volume of 139,000. In the past 52 weeks, Lance share prices have been bracketed by a low of $24.67 and a high of $29.97 and closed yesterday at $29.80, 21% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.
LNCE: 30.02 (+0.04)
Snyder's-Lance's (LNCE) CEO Carl Lee on Q3 2014 Results - Earnings Call Transcript
SA Transcripts - at Seeking Alpha - Tue Nov 04, 1:30PM CST
LNCE: 30.02 (+0.04)
Snyder's-Lance (LNCE) Q3 2014 Results - Earnings Call Webcast
SA Transcripts - at Seeking Alpha - Tue Nov 04, 7:55AM CST
LNCE: 30.02 (+0.04)
Snyder's-Lance misses by $0.05, misses on revenue
Seeking Alpha - at Seeking Alpha - Tue Nov 04, 5:17AM CST
LNCE: 30.02 (+0.04)
Snyder's-Lance, Inc. Reports Results for Third Quarter 2014
PR Newswire - Tue Nov 04, 5:00AM CST
Snyder's-Lance, Inc. (Nasdaq-GS: LNCE) today reported results for its third quarter of 2014.
LNCE: 30.02 (+0.04)
Snyder's-Lance, Inc. announces creation of a "Better for You" Division and Increased Investment in Late July Organic Snacks
PR Newswire - Tue Nov 04, 4:45AM CST
Snyder's-Lance, Inc. (NASDAQ: LNCE) ("Snyder's-Lance"
today announced the creation of a new, "better for you" division as well as an increase in its investment in Late July Snacks, LLC ("Late July" - a leader in organic and non-GMO snacks. Today's announcement supports the Snyder's-Lance goal of creating a stronger presence in a healthier, more sustainable food industry. LNCE: 30.02 (+0.04)
Notable earnings before Tuesday's open
Seeking Alpha - at Seeking Alpha - Mon Nov 03, 4:30PM CST
HSNI: 69.90 (+0.34), HCLP: 45.10 (-0.28), KORS: 70.14 (+1.25), DX: 8.48 (+0.01), HW: 13.66 (+0.49), MSI: 63.67 (+0.12), AER: 43.72 (-0.44), MFA: 8.21 (-0.02), GDP: 8.82 (+0.31), MWW: 4.45 (-0.06), EOG: 98.44 (-0.31), AYR: 20.54 (+0.08), LNCE: 30.02 (+0.04), EXH: 34.71 (+0.24), HEP: 34.64 (-0.13), ENBL: 23.31 (-0.26), NCT: 4.86 (+0.05), FE: 36.34 (-0.95), AFSI: 50.54 (-0.12), IP: 53.72 (+0.10), NNN: 38.45 (+0.14), BKW: 32.14 (-0.24), EXLP: 27.26 (+0.26), ARCC: 16.38 (+0.05), IRWD: 13.74 (-0.16), EXPD: 44.20 (-0.06), IMN: 2.99 (-0.06), ARCO: 6.63 (+0.14), CVS: 89.43 (-0.33), EL: 72.43 (-0.27), BLMN: 21.33 (+0.22), HMSY: 21.50 (+0.13), IFF: 99.64 (-0.15), BDX: 129.06 (+0.30), CLDT: 25.68 (-0.10), N: 109.10 (-0.10), AKS: 6.38 (+0.06), CIE: 10.54 (+0.05), ALLT: 10.54 (+0.08), CCG: 7.21 (+0.01), ETR: 81.53 (-1.43), IRC: 10.60 (+0.01), LINE: 23.54 (+0.19), LINC: 3.67 (+0.01), HCP: 43.21 (-0.16), HCN: 70.79 (-0.05), NGLS: 56.29 (-0.15), EMR: 64.20 (-0.36), HPT: 29.94 (-0.15), DISCA: 31.67 (-0.32), ICE: 220.80 (-0.44), DISH: 63.73 (-0.06), IPXL: 29.42 (+0.30), DWRE: 63.39 (+2.22), GLT: 26.74 (+0.04), CONE: 27.00 (-0.01), ATRO: 51.83 (-1.37), ARRY: 3.79 (-0.05), BABA: 118.72 (+4.18)
Snyder's-Lance, Inc. to Release Third Quarter 2014 Results on Tuesday, November 4, Before Market Opens. Will Host Conference Call and Webcast at 9:00 am Eastern on Tuesday, November 4.
PR Newswire - Mon Oct 20, 3:30PM CDT
Snyder's-Lance, Inc. (Nasdaq-GS: LNCE) announced today that it intends to release its 2014 third quarter results before the market opens on Tuesday, November 4, 2014. Management will also conduct a conference call and live webcast at 9:00 am Eastern time on Tuesday, November 4, 2014 to review the Company's results. Participating in the conference call will be Carl Lee, Jr, CEO and President, Rick Puckett, Executive Vice President, Chief Financial Officer and Chief Administrative Officer and Mark Carter, Vice President and Investor Relations Officer.
LNCE: 30.02 (+0.04)
J.M. Smucker Expands Portfolio, Closes Sahale Snacks Buy - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Sep 08, 4:30PM CDT
The J. M. Smucker Company (SJM) is also keen on expanding its snacks portfolio and has recently completed the acquisition of Sahale Snacks, Inc. for an undisclosed amount.
MDLZ: 37.91 (+0.14), LNCE: 30.02 (+0.04), PEP: 97.21 (+0.51), SJM: 100.22 (-4.50)
Extended Stay America names Kevin A Henry as EVP and chief HRO
M2 - Tue Aug 19, 8:22AM CDT
An owner/operator of company branded hotels in North America, Extended Stay America Inc (NYSE:STAY) named today Kevin A Henry as its executive vice president (EVP) and chief human resources officer (HRO), effective immediately, succeeding the retiring Robert Joyce, who will continue as an advisor till the end of the year.
LNCE: 30.02 (+0.04), STAY: 17.57 (-0.26)
Extended Stay America Appoints Kevin A. Henry as Executive Vice President and Chief Human Resources Officer
Business Wire - Mon Aug 18, 3:44PM CDT
Extended Stay America, Inc. (NYSE:STAY) (the "Company"
today announced that Kevin A. Henry will join the Company as the Executive Vice President and Chief Human Resources Officer, effective immediately. Mr. Henry will report directly to Chief Executive Officer Jim Donald and will be responsible for all aspects of the Company's human resource functions and guest relations across the portfolio's nearly 700 locations in the U.S. and Canada. Mr. Henry will succeed Robert Joyce, who is retiring. Mr. Joyce will continue in an advisory capacity until the end of the year. LNCE: 30.02 (+0.04), STAY: 17.57 (-0.26)
J.M. Smucker to Expand Snacks Business, Acquires Sahale - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Aug 08, 4:51PM CDT
Food manufacturer The J. M. Smucker Company (SJM) is on track to expand its snacks portfolio. It recently signed a definitive agreement to acquire Seattle, WA-based Sahale Snacks, Inc. for an undisclosed amount.
MDLZ: 37.91 (+0.14), LNCE: 30.02 (+0.04), PEP: 97.21 (+0.51), SJM: 100.25 (-4.47)
Snyder's-Lance, Inc. Reports Results for Second Quarter 2014
PR Newswire - Thu Aug 07, 5:00AM CDT
Snyder's-Lance, Inc. (Nasdaq-GS: LNCE) today reported results for its second quarter of 2014. Net revenue for the second quarter ended June 28, 2014 was $460 million, an increase of 4.8% compared to prior year net revenue of $439 million. Net income excluding special items in the second quarter of 2014 was $20.6 million, or $0.29 per diluted share, as compared to net income of $16.9 million for the second quarter of 2013, or $0.24 per diluted share. Net income including special items was $11.7 million for the second quarter of 2014, or $0.16 per diluted share, as compared to net income of $13.0 million for the second quarter of 2013, or $0.19 per diluted share. Special items for the second quarter of 2014 included after-tax expenses of $6.1 million for restructuring and impairment charges and $2.8 million in transaction related expenses. Special items for the second quarter of 2013 included after-tax expenses of $1.2 million for impairment charges and $2.7 million for a substantial self-funded medical expense.
LNCE: 30.02 (+0.04)
Snyder's-Lance, Inc. to Release Second Quarter 2014 Results on Thursday, August 7, Before Market Opens. Will Host Conference Call and Webcast at 9:00 am Eastern on Thursday, August 7.
PR Newswire - Tue Jul 22, 3:30PM CDT
Snyder's-Lance, Inc. (Nasdaq-GS: LNCE) announced today that it intends to release its 2014 second quarter results before the market opens on Thursday, August 7, 2014. Management will also conduct a conference call and live webcast at 9:00 am Eastern time on Thursday, August 7, 2014 to review the Company's results. Participating in the conference call will be Carl Lee, Jr, CEO and President, Rick Puckett, Executive Vice President and Chief Financial Officer and Mark Carter, Vice President and Investor Relations Officer.
LNCE: 30.02 (+0.04)
Are These Snack Companies Wise Investments?
Kyle Colona, The Motley Fool - Motley Fool - Fri Jul 11, 9:17AM CDT
Snack companies design good brands to create consumer demand for their products, which grows their revenue and earnings and results in shareholder returns. But consumers are becoming more health-conscious. So snack and beverage companies need to...
KO: 42.80 (+0.29), JJSF: 103.55 (-0.17), LNCE: 30.02 (+0.04), PEP: 97.21 (+0.51)
Zacks Rank #5 Additions for Thursday - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Thu Jul 10, 8:30AM CDT
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List for Thursday
ATLS: 36.76 (-0.32), TPRE: 14.77 (-0.13), CHUY: 22.50 (+0.10), CKEC: 28.21 (-0.09), LNCE: 30.02 (+0.04)
Snyder's-Lance Vends Private Brands to Focus on Healthy Snacks - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Jul 01, 1:20PM CDT
Snacks company Snyder's-Lance, Inc. (LNCE) completed the divestiture of its Private Brands business.
HAIN: 106.12 (+0.57), MDLZ: 37.91 (+0.14), SNAK: 13.09 (-0.11), LNCE: 30.02 (+0.04)
Snyder's-Lance, Inc. Completes Divestiture of Private Brands and Implements Margin Improvement & Restructuring Plan
PR Newswire - Mon Jun 30, 3:50PM CDT
Snyder's-Lance, Inc. (Nasdaq-GS: LNCE) announced the completion of the sale of its Private Brands business, along with two manufacturing facilities in the U.S. and Canada, to Shearer's Foods, LLC, a leading provider of private label snacks headquartered in Massillon, OH. The deal was first announced on May 7, 2014. As previously communicated, the selling price for Private Brands was $430 million, with after-tax proceeds of approximately $300 million. When combined with the recently completed acquisition of Baptista's Bakery, the company expects an annualized reduction in Net Revenue of approximately $250 million and an initial reduction in operating margins of around 20 basis points primarily due to stranded costs. "This is an important step forward for Snyder's-Lance as we dedicate our attention to our branded portfolio," said Carl E. Lee, Jr., President and Chief Executive Officer. "I want to thank all of our associates who have worked to make our Private Brands successful for many years, and wish everyone the greatest of success in the future."
LNCE: 30.02 (+0.04)
