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Snyder's-Lance Inc (LNCE.OQ)

LNCE.OQ on NASDAQ Stock Exchange Global Select Market

49.87USD
22 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Snyder’s Lance Recalls Limited Amount Of Emerald Glazed Walnuts Due To Potential Presence Of Undeclared Peanuts
Wednesday, 21 Feb 2018 05:18pm EST 

Feb 21 (Reuters) - Snyder's-Lance Inc ::SNYDER’S LANCE ANNOUNCES VOLUNTARY RECALL OF A LIMITED AMOUNT OF EMERALD® GLAZED WALNUTS DUE TO POTENTIAL PRESENCE OF UNDECLARED PEANUTS, ALMONDS, CASHEWS AND PECANS.SNYDER'S-LANCE INC - NO ILLNESS HAS BEEN REPORTED RELATING TO THE RECALL.  Full Article

Campbell Soup Says Entered Into Three-Year Credit Agreement With Credit Suisse, Cayman Islands Branch ‍​
Friday, 29 Dec 2017 04:42pm EST 

Dec 29 (Reuters) - Campbell Soup Co ::CAMPBELL SOUP CO - ENTERED INTO A THREE-YEAR CREDIT AGREEMENT WITH CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH ‍​.CAMPBELL SOUP - SUBJECT TO TERMS OF AGREEMENT, LENDERS PROVIDED CO WITH SINGLE DRAW, UNSECURED, SENIOR TERM LOAN CREDIT FACILITY OF $1.20 BILLION.CAMPBELL SOUP- PROCEEDS OF LOANS UNDER CREDIT AGREEMENT CAN ONLY BE USED FOR ACQUISITION BY CO OF SNYDER'S-LANCE, PAYMENT OF RELATED FEES - SEC FILING.  Full Article

Campbell Soup Co Says Snyder's-Lance Deal Represents Enterprise Value Of About $6 Bln
Monday, 18 Dec 2017 08:07am EST 

Dec 18 (Reuters) - Campbell Soup Co ::CAMPBELL SOUP CO - SNYDER'S-LANCE DEAL REPRESENTS ENTERPRISE VALUE OF ABOUT $6 BILLION - SEC FILING‍​.CAMPBELL SOUP CO - SNYDER'S-LANCE DEAL EXPECTED TO BE 5-7% ACCRETIVE TO FY 2019 EPS.CAMPBELL SOUP-UNDER MERGER AGREEMENT, SNYDER'S-LANCE WILL PAY A TERMINATION FEE OF $149 MILLION TO CO IF DEAL IS TERMINATED DUE TO CERTAIN CONDITIONS‍​.CAMPBELL SOUP-UNDER MERGER AGREEMENT, CO WOULD PAY A TERMINATION FEE OF $50 MILLION TO SNYDER'S-LANCE, IN CERTAIN CIRCUMSTANCES, IF DEAL IS TERMINATED.CAMPBELL SOUP CO SAYS $275 MILLION - $325 MILLION OF EXPECTED ONE-TIME COSTS FROM SNYDER'S-LANCE DEAL.  Full Article

Campbell Soup In Advanced Talks To Acquire Snyder's-Lance - CNBC
Friday, 15 Dec 2017 04:08pm EST 

Dec 15 (Reuters) - :CAMPBELL SOUP IN ADVANCED TALKS TO ACQUIRE SNYDER'S-LANCE IN A DEAL THAT COULD BE ANNOUNCED AS SOON NEXT WEEK‍​ - CNBC, CITING SOURCES.  Full Article

Snyder's-Lance reports Q3 revenue $564.2 mln
Tuesday, 7 Nov 2017 08:00am EST 

Nov 7 (Reuters) - Snyder's-lance Inc :Snyder's-Lance Inc. Reports third quarter 2017 financial results.Q3 earnings per share $0.33 from continuing operations excluding items.Q3 GAAP loss per share $0.60 from continuing operations.Q3 revenue $564.2 million versus I/B/E/S view $559.6 million.Q3 earnings per share view $0.35 -- Thomson Reuters I/B/E/S.Snyder's-Lance Inc - ‍company updates full-year 2017 outlook​.Snyder's-Lance Inc sees ‍ 2017 full-year capital expenditures of $75 million to $85 million​.Snyder's-Lance Inc - ‍for full-year of fiscal 2017, company expects net revenue to be between $2,205 million and $2,255 million​.Snyder's-Lance Inc - ‍for FY 2017, company now expects earnings per diluted share, excluding special items, to be between $1.12 and $1.17​.FY2017 earnings per share view $1.14, revenue view $2.23 billion -- Thomson Reuters I/B/E/S.For FY 2017, sees adjusted EBITDA to be between $305 million and $320 million.  Full Article

Snyder’s-Lance Inc reports Q2 gaap earnings per share $0.04
Tuesday, 8 Aug 2017 08:30am EDT 

Aug 8 (Reuters) - Snyder's-Lance Inc :Snyder’s-Lance Inc reports second quarter 2017 financial results and provides 2020 financial targets.Q2 earnings per share $0.27 from continuing operations excluding items.Q2 gaap earnings per share $0.04 from continuing operations.Q2 revenue $579.6 million versus I/B/E/S view $565.9 million.Q2 earnings per share view $0.24 -- Thomson Reuters I/B/E/S.Q2 earnings per share $0.27 excluding items.Q2 gaap earnings per share $0.04.‍company updates full-year 2017 outlook​.‍By 2020, company is targeting for operating margin to reach 14.0%​.‍By 2020 company is targeting for earnings per share, excluding special items, to grow at a four-year CAGR of 11-13%​.‍Continues to expect net revenue to be between $2,200 million and $2,250 million for FY 2017 ​.‍Now expects adjusted EBITDA to be between $300 million and $325 million for FY 2017 ​.‍Now expects earnings per diluted share, excluding special items, to be between $1.10 and $1.20 for FY 2017 ​.Sees ‍FY 2017 capital expenditures of $75 million to $85 million​.FY2017 earnings per share view $1.10, revenue view $2.21 billion -- Thomson Reuters I/B/E/S.Q2 earnings per share view $0.24 -- Thomson Reuters I/B/E/S.  Full Article

Snyder's-Lance Inc says evolving to a business unit structure and implementing a new organization design
Friday, 4 Aug 2017 07:35am EDT 

Aug 4 (Reuters) - Snyder's-Lance Inc :Snyder's-Lance Inc - ‍Snyder's-Lance Inc evolving to a business unit structure and implementing a new organization design - SEC filing​.Snyder's-Lance Inc - ‍role of chief marketing officer has been eliminated and, effective August 2, 2017​.Snyder's-Lance Inc - ‍Rodrigo Troni Pena is no longer company's senior vice president, chief marketing officer​.  Full Article

Snyder's-Lance begins performance transformation plan
Tuesday, 25 Jul 2017 04:05pm EDT 

July 25 (Reuters) - Snyder's-lance Inc :Snyder's-Lance begins performance transformation plan.Snyder's-Lance - ‍plans to restructure its sales organization enabling greater alignment of co's people, resources and strategies.Snyder's-Lance Inc - ‍appointment of John Maples as chief customer officer, effective immediately​.Snyder's-Lance Inc - as part of re-organization, Frank Schuster, currently president, DSD division, has been appointed to president, sales execution​.Snyder's-Lance Inc - ‍company is announcing closure of its chips plant in Perry, Florida​.Snyder's-Lance Inc - ‍plant is expected to close by end of September 2017​.Snyder's-Lance Inc - ‍as a result, company will reduce its global workforce by approximately 250 positions​.Snyder's-Lance Inc - ‍reductions will occur across organization and will be effective by end of this week.​.  Full Article

Snyder's-Lance appoints Brian Driscoll as president and CEO
Wednesday, 28 Jun 2017 08:00am EDT 

June 28 (Reuters) - Snyder's-lance Inc :snyder’s-lance, inc. Appoints brian driscoll as president and chief executive officer.Snyder's-Lance inc - driscoll has been serving as company's interim president and ceo since april.  Full Article

Snyder's-lance Q1 EPS $0.13 excluding items
Monday, 8 May 2017 07:00am EDT 

May 8 (Reuters) - Snyder's-lance Inc :snyder’s-lance, inc. Reports first quarter 2017 financial results.Q1 earnings per share $0.13 excluding items.Q1 gaap earnings per share $0.11.Q1 revenue $531.5 million versus i/b/e/s view $533.6 million.Q1 earnings per share view $0.13 -- Thomson Reuters I/B/E/S.Sees 2017 capital expenditures of $75 million to $85 million.Snyder's-Lance inc - for full-year of fiscal 2017, company continues to expect net revenue to be between $2,200 million and $2,250 million.Snyder's-Lance inc - for full-year of fiscal 2017, company expects earnings per diluted share, excluding special items, to be between $1.05 and $1.20.Fy2017 earnings per share view $1.10, revenue view $2.22 billion -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Snyder’s Lance Recalls Limited Amount Of Emerald Glazed Walnuts Due To Potential Presence Of Undeclared Peanuts

* SNYDER’S LANCE ANNOUNCES VOLUNTARY RECALL OF A LIMITED AMOUNT OF EMERALD® GLAZED WALNUTS DUE TO POTENTIAL PRESENCE OF UNDECLARED PEANUTS, ALMONDS, CASHEWS AND PECANS