Landec Corporation Lowers Net Income Guidance

Industry-Wide Severe Produce Shortages Continue, Overall Revenues Still on Target

 

MENLO PARK, Calif., Nov. 22, 2013 (GLOBE NEWSWIRE) — Landec Corporation (Nasdaq:LNDC), a materials science company that develops and markets innovative and patented products for healthy living applications in food and biomedical markets, announced that it expects second quarter of fiscal 2014 net income to be approximately $0.13 per diluted share due to severe shortages of produce resulting in much higher than projected costs for raw materials in the Company’s value-added vegetable business.

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