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Snyder's-Lance Inc Issues FY 2013 Guidance; EPS Guidance Below Analysts' Estimates
Snyder's-Lance Inc announced that for fiscal 2013, it expects net revenue to be up 10% to 12% when compared to 2012. The Company expects earnings per diluted share (EPS) to increase between 22% and 32% compared to 2012 earnings per diluted share, excluding special items. The Company reported revenue of $1.62 billion and EPS of $0.95 in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.80 billion and EPS of $1.26 for fiscal 2013.
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