| Business Summary | | Lance,
Inc.
manufactures,
markets
and
distributes
a
variety
of
snack
foods.
Product
categories
include
sandwich
crackers,
cookies,
restaurant
crackers
and
breadbasket
items,
candy,
chips,
meat
snacks,
nuts
and
cake
items,
of
which
approximately
76%
are
manufactured
and
approximately
24%
are
purchased
for
resale.
The
Company's
customer
base
includes
grocery
and
mass
merchants,
convenience
and
drugstores,
foodservice
brokers
and
institutions,
vending
operations,
military
and
government
facilities,
other
food
manufacturers
and
"up
and
down
the
street"
outlets,
such
as
recreational
facilities,
offices,
restaurants
and
independent
retailers.
The
Company
distributes
products
throughout
most
of
the
United
States
and
parts
of
Canada
and
Europe. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Lance
manufactures,
markets
and
distributes
a
variety
of
branded
and
private
label
snacks
and
bakery
products.
For
the
26
weeks
ended
6/30/01,
net
sales
rose
6%
to
$296.4
million.
Net
income
fell
3%
to
$11.7
million.
Sales
reflect
continued
growth
in
contract
manufactured
and
private
label
sales
as
well
as
revenue
growth
in
the
Company's
branded
products.
Earnings
were
offset
by
increased
incentive
provisions
and
professional
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Paul Stroup, III, 48 Chairman,
Pres and CEO | $377K | H. Dean Fields, 58 Pres
of Vista Bakery, Inc. | -- | B. Clyde Preslar, 45 VP,
CFO | 254K | L. Rudy Gragnani, 46 VP | -- | Earl Leake, 48 VP | -- | Dollar
amounts are as of 25-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|