Market Exclusive

SNYDERS-LANCE, INC. (NASDAQ:LNCE) Files An 8-K Results of Operations and Financial Condition

SNYDERS-LANCE, INC. (NASDAQ:LNCE) Files An 8-K Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition.

On February 13, 2017, Snyders-Lance Inc. (the Company) issued a
press release with respect to its financial results for the fourth
quarter and full-year ended December 31, 2016. Copies of the press
release and earnings presentation are being furnished as Exhibits
99.1 attached hereto, respectively, and are incorporated herein by
reference. The Company will also hold a conference call and live
webcast on February 13, 2017 to discuss its financial results. The
press release contains forward-looking statements regarding the
Company and includes cautionary statements identifying important
factors that could cause actual results to differ materially.
The exhibit attached hereto also presents measures not derived in
accordance with generally accepted accounting principles (GAAP).
The Company believes these non-GAAP financial measures provide
useful information to investors as the measures emphasize core
on-going operations and are helpful in comparing past and present
operating results. The Company uses these measures to evaluate past
performance and prospects for future performance. The presentation
of non-GAAP financial measures by the Company should not be
considered in isolation or as a substitute for the Companys
financial results prepared in accordance with GAAP.
The information furnished under this Item 2.02 shall not be deemed
filed for purposes of Section 18 of the Securities Exchange Act of
1934, nor shall it be deemed incorporated by reference in any
filing under the Securities Act of 1933, except as shall be
expressly set forth by specific reference in a filing.
Cautionary Information about Forward Looking Statements
This press release contains statements which may be forward
looking within the meaning of applicable securities laws. The
statements include projections regarding future revenues,
earnings and other results which are based upon the Companys
current expectations and assumptions, which are subject to a
number of risks and uncertainties. Factors that could cause
actual results to differ include general economic conditions or
an economic turndown; volatility in the price, quality or
availability of inputs, including raw materials, packaging,
energy and labor; price competition and industry consolidation;
changes in our top retail customer relationships; inability to
maintain profitability in the face of a consolidating retail
environment; failure to successfully integrate acquisitions or
execute divestitures; loss of key personnel; failure to execute
and accomplish our strategy; concerns with the safety and quality
of certain food products or ingredients; adulterated, misbranded
or mislabeled products or product recalls; disruption of our
supply chain; failure to maintain satisfactory labor relations;
risks related to our foreign operations, including foreign
currency risks; inadequacies in, or security breaches of, our
information technology systems; improper use of social media;
changes in consumer preferences and tastes or inability to
innovate or market our products effectively; reliance on
distribution through a significant number of independent business
owners; protection of our trademarks and other intellectual
property rights; impairment in the carrying value of goodwill or
other intangible assets; new regulations or legislation; interest
rate volatility, political and economic conditions of the
countries in which we conduct business, and the interests of a
few individuals who control a significant portion of our
outstanding shares of common stock may conflict with those of
other stockholders, which have been discussed in greater detail
in our most recent Form 10-K and other reports filed with the
Securities and Exchange Commission.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
Exhibit Description
99.1
Press Release issued by the Company, dated February 13,
2017, with respect to the Company’s financial results
for the fourth quarter and full-year ended December 31,
2016.
The information furnished as exhibits hereto shall not be deemed
to be filed for purposes of Section 18 of the Securities and
Exchange Act of 1934, nor shall it be deemed incorporated by
reference in any filing under the Securities Act of 1933, except
as shall be expressly set forth in specific reference in a
filing.

About SNYDER’S-LANCE, INC. (NASDAQ:LNCE)
Snyder’s-Lance, Inc. is a snack food company. The Company operates in the manufacturing, distribution, marketing and sale of snack food products segment. The Company’s products include pretzels, sandwich crackers, kettle cooked chips, pretzel crackers, cookies, potato chips, tortilla chips, nuts, restaurant style crackers and other salty snacks. Additionally, the Company purchases certain cake products and sells under its brands. Its products are packaged in various single-serve, multi-pack and family-size configurations. The Company’s core brands include Snyder’s of Hanover, Lance, Cape Cod, Snack Factory, Pretzel Crisps and Late July. The Company’s allied brands include Tom’s, Archway, Jays, Stella D’oro, EatSmart Snacks, Krunchers! and O-Ke-Doke. The Company also sells Partner brand products, which consist of other third-party branded products that the Company sells to its independent business owners (IBO) through its direct-store-delivery distribution network (DSD network). SNYDER’S-LANCE, INC. (NASDAQ:LNCE) Recent Trading Information
SNYDER’S-LANCE, INC. (NASDAQ:LNCE) closed its last trading session down -1.32 at 37.87 with 1,980,705 shares trading hands.

Exit mobile version