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LANCASTER COLONY REPORTS RECORD FIRST QUARTER SALES, EARNINGS

 LANCASTER COLONY REPORTS RECORD FIRST QUARTER SALES, EARNINGS
 COLUMBUS, Ohio, Nov. 2 /PRNewswire/ -- Lancaster Colony Corporation (NASDAQ: LANC) today reported that sales and earnings for the three months ended Sept. 30, 1992, reached record highs for the company's first fiscal quarter.
 Net earnings increased 40 percent to $10,541,000 or 61 cents per share compared with $7,523,000 or 44 cents per share earned in the corresponding three months a year ago. Net sales were $152 million versus $132 million in the first quarter last year. John B. Gerlach, president of Lancaster Colony, said the record results were due to improved performance by all segments of the business.
 "We are pleased with these results," Gerlach added, "considering that consumer glassware is still not performing at a satisfactory level. In spite of this, we look forward to a good second quarter and we expect good results for the full year ending June 30, 1993."
 LANCASTER COLONY CORPORATION
 CONSOLIDATED SUMMARY OF SALES AND EARNINGS (Unaudited)
 (In thousands except per-share amounts)
 Three Months Ended
 Sept. 30,
 1992 1991
 Net sales $152,292 $132,415
 Income before income taxes $ 17,112 $ 12,155
 Provision for income taxes $ 6,571 $ 4,632
 Net income $ 10,541 $ 7,523
 Earnings per common share (A) $ .61 $ .44(B)
 Cash dividends per common share $ .15 $ .13(B)
 Weighted average common
 shares outstanding 17,144 17,266(B)
 (A) -- Based on the weighted average number of shares outstanding during each period.
 (B) -- Adjusted for the 3-for-2 stock split in April 1992. Subject to year-end audit.
 -0- 11/2/92
 /CONTACT: John B. Gerlach, president of Lancaster Colony Corporation, 614-224-7141; or Investor Relations Consultants, 813-796-1452, for Lancaster Colony Corporation/
 (LANC) CO: Lancaster Colony Corporation ST: Ohio IN: SU: ERN


JB-JJ -- FL011 -- 1626 11/02/92 12:50 EST
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Publication:PR Newswire
Date:Nov 2, 1992
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