Landec Corporation Reports Fiscal First Quarter 2015 Results

Apio Food Business Has Strong First Quarter but Revised Projections for Lifecore and Our Investment in Windset Result in Lower Net Income Guidance for Fiscal 2015

MENLO PARK, Calif., Oct. 7, 2014 (GLOBE NEWSWIRE) — Landec Corporation (Nasdaq:LNDC), a leading developer and marketer of innovative and proprietary products for healthy living applications in the food and biomedical markets, reported results for the first quarter of fiscal 2015 ended August 31, 2014.

“For the first quarter, we exceeded both our revenue and operating income expectations because of positive operating results at Apio driven by sales increases in our higher margin vegetable salad kits and stir fry kits, which we collectively refer to as our superfood products,” commented Gary Steele, Landec’s Chairman and CEO. “Consolidated revenues increased 22% and operating income increased 79% compared to the first quarter last year.”

Read entire release…