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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash-to-Debt 0.14
LNDC's Cash-to-Debt is ranked lower than
77% of the 1622 Companies
in the Global Farm Products industry.

( Industry Median: 0.63 vs. LNDC: 0.14 )
Ranked among companies with meaningful Cash-to-Debt only.
LNDC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05  Med: 0.95 Max: No Debt
Current: 0.14
Equity-to-Asset 0.63
LNDC's Equity-to-Asset is ranked higher than
66% of the 1597 Companies
in the Global Farm Products industry.

( Industry Median: 0.52 vs. LNDC: 0.63 )
Ranked among companies with meaningful Equity-to-Asset only.
LNDC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.37  Med: 0.65 Max: 0.96
Current: 0.63
0.37
0.96
Debt-to-Equity 0.26
LNDC's Debt-to-Equity is ranked higher than
68% of the 1204 Companies
in the Global Farm Products industry.

( Industry Median: 0.51 vs. LNDC: 0.26 )
Ranked among companies with meaningful Debt-to-Equity only.
LNDC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0  Med: 0.18 Max: 0.75
Current: 0.26
0
0.75
Debt-to-EBITDA 2.49
LNDC's Debt-to-EBITDA is ranked higher than
52% of the 1266 Companies
in the Global Farm Products industry.

( Industry Median: 2.60 vs. LNDC: 2.49 )
Ranked among companies with meaningful Debt-to-EBITDA only.
LNDC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -5.89  Med: 1.51 Max: 2.49
Current: 2.49
-5.89
2.49
Interest Coverage 7.96
LNDC's Interest Coverage is ranked lower than
64% of the 1420 Companies
in the Global Farm Products industry.

( Industry Median: 18.35 vs. LNDC: 7.96 )
Ranked among companies with meaningful Interest Coverage only.
LNDC' s Interest Coverage Range Over the Past 10 Years
Min: 7.96  Med: 12.38 Max: 1574.75
Current: 7.96
7.96
1574.75
Piotroski F-Score: 6
Altman Z-Score: 3.53
Beneish M-Score: -2.67
WACC vs ROIC
5.89%
3.32%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating Margin % 2.40
LNDC's Operating Margin % is ranked lower than
68% of the 1615 Companies
in the Global Farm Products industry.

( Industry Median: 5.66 vs. LNDC: 2.40 )
Ranked among companies with meaningful Operating Margin % only.
LNDC' s Operating Margin % Range Over the Past 10 Years
Min: -3.66  Med: 3.83 Max: 6.36
Current: 2.4
-3.66
6.36
Net Margin % 1.80
LNDC's Net Margin % is ranked lower than
65% of the 1613 Companies
in the Global Farm Products industry.

( Industry Median: 3.91 vs. LNDC: 1.80 )
Ranked among companies with meaningful Net Margin % only.
LNDC' s Net Margin % Range Over the Past 10 Years
Min: -2.15  Med: 2.9 Max: 5.68
Current: 1.8
-2.15
5.68
ROE % 4.24
LNDC's ROE % is ranked lower than
67% of the 1580 Companies
in the Global Farm Products industry.

( Industry Median: 8.59 vs. LNDC: 4.24 )
Ranked among companies with meaningful ROE % only.
LNDC' s ROE % Range Over the Past 10 Years
Min: -5.43  Med: 6.44 Max: 13.75
Current: 4.24
-5.43
13.75
ROA % 2.68
LNDC's ROA % is ranked lower than
59% of the 1647 Companies
in the Global Farm Products industry.

( Industry Median: 3.91 vs. LNDC: 2.68 )
Ranked among companies with meaningful ROA % only.
LNDC' s ROA % Range Over the Past 10 Years
Min: -3.38  Med: 4.59 Max: 9.28
Current: 2.68
-3.38
9.28
ROC (Joel Greenblatt) % 8.10
LNDC's ROC (Joel Greenblatt) % is ranked lower than
65% of the 1635 Companies
in the Global Farm Products industry.

( Industry Median: 13.31 vs. LNDC: 8.10 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
LNDC' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -14.76  Med: 23.36 Max: 68.33
Current: 8.1
-14.76
68.33
3-Year Revenue Growth Rate 3.10
LNDC's 3-Year Revenue Growth Rate is ranked higher than
53% of the 1446 Companies
in the Global Farm Products industry.

( Industry Median: 2.60 vs. LNDC: 3.10 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
LNDC' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: 5.5 Max: 144.8
Current: 3.1
0
144.8
3-Year EBITDA Growth Rate -12.80
LNDC's 3-Year EBITDA Growth Rate is ranked lower than
81% of the 1286 Companies
in the Global Farm Products industry.

( Industry Median: 6.50 vs. LNDC: -12.80 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
LNDC' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: 10 Max: 59.1
Current: -12.8
0
59.1
3-Year EPS without NRI Growth Rate -18.80
LNDC's 3-Year EPS without NRI Growth Rate is ranked lower than
80% of the 1186 Companies
in the Global Farm Products industry.

( Industry Median: 6.80 vs. LNDC: -18.80 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
LNDC' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: -8.15 Max: 113.5
Current: -18.8
0
113.5
GuruFocus has detected 5 Warning Signs with Landec Corp LNDC.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» LNDC's 30-Y Financials

Financials (Next Earnings Date: 2018-01-04)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q4 2016

LNDC Guru Trades in Q4 2016

Jim Simons 28,082 sh (New)
Chuck Royce 976,501 sh (-0.86%)
NWQ Managers 3,021,209 sh (-1.95%)
John Rogers 794,934 sh (-31.51%)
» More
Q1 2017

LNDC Guru Trades in Q1 2017

NWQ Managers 3,708,408 sh (+22.75%)
Chuck Royce 1,037,507 sh (+6.25%)
Jim Simons Sold Out
John Rogers 671,578 sh (-15.52%)
» More
Q2 2017

LNDC Guru Trades in Q2 2017

Chuck Royce 1,214,136 sh (+17.02%)
NWQ Managers 3,726,173 sh (+0.48%)
John Rogers 517,637 sh (-22.92%)
» More
Q3 2017

LNDC Guru Trades in Q3 2017

Barrow, Hanley, Mewhinney & Strauss 18,574 sh (New)
Jim Simons 30,000 sh (New)
NWQ Managers 3,779,223 sh (+1.42%)
Chuck Royce 1,216,891 sh (+0.23%)
John Rogers 377,245 sh (-27.12%)
» More
» Details

Insider Trades

Latest Guru Trades with LNDC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
NWQ Managers 2017-09-30 Add 1.42%0.01%$11.95 - $14.75 $ 13.05-1%3,779,223
John Rogers 2017-09-30 Reduce -27.12%0.02%$11.95 - $14.75 $ 13.05-1%377,245
Barrow, Hanley, Mewhinney & Strauss 2017-09-30 New Buy$11.95 - $14.75 $ 13.05-1%18,574
NWQ Managers 2017-06-30 Add 0.48%$11.7 - $14.7 $ 13.05-6%3,726,173
John Rogers 2017-06-30 Reduce -22.92%0.02%$11.7 - $14.7 $ 13.05-6%517,637
NWQ Managers 2017-03-31 Add 22.75%0.11%$11.55 - $14.3 $ 13.053%3,708,408
John Rogers 2017-03-31 Reduce -15.52%0.02%$11.55 - $14.3 $ 13.053%671,578
NWQ Managers 2016-12-31 Reduce -1.95%0.01%$12.8 - $15.35 $ 13.05-6%3,021,209
NWQ Managers 2016-12-31 Reduce -1.95%0.01%Premium Member Access $13.8 $ 13.05-5%3,021,209
John Rogers 2016-12-31 Reduce -31.51%0.06%$12.8 - $15.35 $ 13.05-6%794,934
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Business Description

Industry: Consumer Packaged Goods » Farm Products    NAICS: 311999    SIC: 2099
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Traded in other countries:LDE.Germany,
Headquarter Location:USA
Landec Corp and its subsidiaries design, develop, manufacture and market differentiated products in food and biomaterials markets and license technology applications to partners.

Landec Corp and its subsidiaries design, develop, manufacture and market differentiated products in food and biomaterials markets and license technology applications to partners.

Top Ranked Articles about Landec Corp

EAT SMART® Donates 28,000 Salads to Victims of Hurricane Irma
Eat Smart® Launches Online Home Delivery Service
Landec Corporation Provides Update on Impact from Extreme Weather Events
Landec Corporation Sets First Quarter Fiscal Year 2018 Conference Call for September 27, 2017 at 8 a.m. PT and Earnings Release set for September 26, 2017 After Market
EAT SMART® Donates 24,000 Salads to Victims of Hurricane Harvey
Landec Corporation Agrees to Settle Labor Related Legal Actions and Updates Guidance

Settlement Covers All Potential Past Wage and Hour Claims

MENLO PARK, Calif., March 28, 2017 (GLOBE NEWSWIRE) -- Landec Corporation (NASDAQ:LNDC), a leading innovator of diversified health and wellness solutions within the packaged natural food and biomaterial markets, announced today that Apio, Inc., Landec’s food subsidiary (“Apio”), has reached an agreement in principle to settle a variety of claims made against the Company and its labor contractor.
Apio has been the target of a union organizing campaign which has included two unsuccessful attempts to unionize Apio’s Guadalupe, California processing plant. The campaign has involved a union and over 100 former and current employees of Pacific Harvest, Inc. and Rancho Harvest, Inc. (collectively “Pacific Harvest”), Apio’s labor contractors, bringing dozens of legal actions before various state and federal agencies, the California Superior Court, and initiating over 100 individual arbitrations against Apio and Pacific Harvest (the “Actions”). For over 15 years, Apio has retained Pacific Harvest, a contract labor provider, to manage all aspects of hourly labor requirements within its Guadalupe, California manufacturing facility, including recruiting, hiring, daily management, payroll processing and employee benefits administration. In August 2015, one month before the first lawsuit was filed against Apio and Pacific Harvest, the National Labor Relations Board (NLRB) held in the Browning-Ferris Industries decision that employees of a labor contractor may be considered to be de facto employees of the company who engaged the labor contractor. As a result, rather than being shielded from these type of lawsuits as in the past, Apio may now be considered a joint employer and therefore may be jointly liable with Pacific Harvest, even though the employees who filed the claims are employees of Pacific Harvest. Starting in January of this year, Apio assumed the responsibilities for all human resource activities, employee management and employee documentation while still using Pacific Harvest for recruiting, payroll processing and securing employee benefits for the plant employees. The Actions consist of three main types of claims: (1) Unfair Labor Practice claims (“ULPs”) before the NLRB, (2) discrimination/wrongful termination claims before state and federal agencies and in individual arbitrations, and (3) wage and hour claims as part of two Private Attorney General Act (PAGA) cases in state court and in over 100 individual arbitrations. Financial Implications
A settlement of the ULP claims among the NLRB, the Union, Apio, and Pacific Harvest that were pending before the NLRB was approved on December 27, 2016 for $310,000. Apio was responsible for half or this settlement or $155,000. Concerning the discrimination/wrongful termination claims and the wage and hour claims, in order to avoid the time and expense of further litigation and without admission of liability, the parties have agreed in principle to a class action settlement which covers all non-exempt employees of Pacific Harvest working at Apio’s Guadalupe, California facility. This settlement remains subject to all of the plaintiffs executing the settlement agreement, and the settlement agreement being approved by the Santa Barbara County Superior Court. Under the Settlement Agreement, the plaintiffs will be paid in three installments: $2.4 million in April 2017, $1.8 million in November 2017 and $1.8 million in July 2018. Apio is responsible for half of these payments with Pacific Harvest responsible for the other half. Based on the initial number of claims and the initial length of time covered by the claims, Apio had recorded a legal settlement contingency accrual of $1.3 million as of November 27, 2016, which Apio believed was sufficient to resolve its share of the costs of the Actions prior to the significant increase in the number of potential claims and the number of past years covered in the final settlement. As a result of the class action settlement, during the third quarter ended February 26, 2017, Apio will be recording an additional legal settlement charge of $2.1 million, or $0.05 per share after tax, for its one-half of the settlement obligation, bringing the total legal settlement charge for fiscal year 2017 to $2.6 million and the accrual to $3.0 million as of February 26, 2017. During the first nine months of fiscal 2017, Apio had incurred $1.7 million of legal defense expenses related to the Actions, bringing the total expenses associated with these Actions during fiscal 2017 to $4.3 million, or $0.10 per share after taxes. Importantly, by settling on a class-wide basis, the number of individuals who will be releasing their claims is significantly higher and the length of time covered by the settlement increased from one year to four years. As a result, this settlement allows Apio to avoid millions of dollars of legal fees to arbitrate and individually try all of these matters over the next several years. “We are very pleased that these legal actions are now behind us and that we are able to settle these Actions as a class rather than having to arbitrate over 100 cases individually which could have taken several years,” stated Ron Midyett, Landec’s COO. “To prevent Apio from being subjected to such litigation in the future, Apio has taken over all of the responsibilities of human resources for the plant employees and has established a new set of more stringent policies and procedures including monitoring payroll processing on a weekly basis.” Guidance Update
Molly Hemmeter, Landec’s President and CEO, stated, “From an operational standpoint, for the third quarter of fiscal 2017, we are reiterating our revenue guidance of $133 million to $140 million and we are reiterating our net income guidance of $0.16 to $0.19 per share, prior to the $2.1 million additional legal settlement charge. Regarding our fourth quarter of fiscal 2017 ended May 28th, the heavy rains this winter have damaged crops, reduced yields both in the field and in our processing facilities, and have impeded our growers’ ability to plant fields during January and February which will result in shortages of key vegetable crops during our fiscal fourth quarter. As a result, we now expect our revenues in the fourth quarter to be $134 million to $137 million and net income to be $0.09 to $0.11 per share. As of now, we do not expect the heavy rains this winter to have a negative impact on our financial results in fiscal 2018.”     About Landec Corporation 
Landec Corporation (NASDAQ:LNDC) is a leading innovator of diversified health and wellness solutions within the packaged natural food and biomaterial markets. Apio, Landec’s food business, is the leader in branded, packaged fresh vegetables in North America, utilizing its proprietary BreatheWay® packaging technology to naturally extend the shelf life of fresh produce. Apio combines this technology with the capabilities of a large national fresh produce supplier to offer healthy fresh vegetable products under the Eat Smart® brand to consumers through club and retail grocery stores. Landec recent acquisition, O Olive Oil, Inc., offers organic and natural olive oils and vinegars under the O brand. Lifecore Biomedical, Landec’s biomaterial business, is a fully integrated Contract Development and Manufacturing Organization (CDMO) that offers expertise and capabilities in fermentation, specialty formulation, aseptic filling and final packaging for FDA regulated medical devices and drugs to customers for applications in a wide array of markets including Ophthalmic, Orthopedic and Oncology. For more information about the company, visit Landec’s website at www.landec.com. Important Cautions Regarding Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ materially, including such factors among others, as the timing and expenses associated with operations, the ability to achieve acceptance of the Company's new products in the market place, weather conditions that can affect the supply and price of produce, the amount and timing of research and development funding and license fees from the Company's collaborative partners, the timing of regulatory approvals, the mix between domestic and international sales, and the risk factors listed in the Company’s Form 10-K for the fiscal year ended May 29, 2016 (See item 1A: Risk Factors) which may be updated in Part II, Item 1A Risk Factors in the Company’s Quarterly Reports on Form 10-Q. As a result of these and other factors, the Company expects to continue to experience significant fluctuations in quarterly operating results and there can be no assurance that the Company will remain consistently profitable. The Company undertakes no obligation to update or revise any forward-looking statements whether as a result of new developments or otherwise.
Contact Information:
At the Company:
Gregory S. Skinner
Vice President Finance and CFO
(650) 261-3677

Investor Relations:
John Mills, Partner
(646) 277-1254
[email protected]

Read more...
Landec Corporation Extends Strategic Investment in Windset Farms For Five More Years

Return on Invested Capital Drives Decision to Extend Agreement
MENLO PARK, Calif., March 21, 2017 (GLOBE NEWSWIRE) -- Landec Corporation (NASDAQ:LNDC), a leading innovator of diversified health and wellness solutions within the natural packaged food and biomaterial markets, announced today that Apio, Inc., Landec’s packaged fresh vegetable  subsidiary, and Windset Holdings 2010 Ltd. (“Windset”) have agreed to extend their relationship and Apio’s investment in Windset for five more years.“We are very excited about continuing our relationship and commitment to Windset,” commented Molly Hemmeter, Landec’s President and CEO. “Windset is one of the most advanced and highest yielding hydroponic greenhouse vegetable producers in North America, where the demand for hydroponic greenhouse grown produce is rapidly increasing. Since Apio’s initial investment six years ago, Windset has significantly grown its business as demand continues to outpace supply. With Windset’s high quality product offerings and continued growth plans, we believe that extending our investment is a wise and prudent use of our capital. Our interest in Windset since the beginning has been motivated by three primary objectives: (1) to realize a significant financial return on our invested capital, (2) to be a strategic partner with the industry leader in sustainable, hydroponic, year-round growing of fruit and vegetables through packaging technologies and sourcing synergies, and (3) to explore new crop targets, new growing techniques and/or new technologies with Windset that could benefit Apio’s business and create potential competitive advantages in the future.”“Our recently completed $150 million syndicated bank financing and our projected future cash flows from operations allow us the opportunity to maintain our investment in Windset while still having the wherewithal to pursue other investment opportunities both internally and externally, such as our recently announced investment in vial filling at our biomaterials subsidiary, Lifecore Biomedical, Inc. and our recently announced acquisition of O Olive Oil, Inc,” continued Hemmeter.Steve Newell, Windset’s Chief Executive Officer, stated, “We are pleased that Landec has agreed to extend its investment in Windset for the next five years. With Landec’s ongoing support, we will be able to continue expanding our operations. Customer demand for our greenhouse grown produce continues to exceed our in-house production. As a result, we plan to develop the land holdings we have acquired in recent years adjacent to our current facility in Santa Maria, California. Santa Maria is ideal for the growing of a large variety of high quality, sustainably grown, hydroponic fruit and vegetables, through the optimum combination of temperature profile, humidity and sunlight. In addition, we see opportunities to expand our product line in future years and enter into strategic ventures with Apio.”  Concluded Hemmeter, “We have recently stated that one of our key financial objectives over the next three years is to double Landec’s overall return on invested capital (“ROIC”) and our ongoing investment in Windset is an important component of that goal. Through November 27, 2016, Apio has recognized cash dividends and an increase in the fair value of its investment in Windset of $37.3 million, consisting of a $29.7 million increase in the fair value of our investment and $7.6 million of cumulative dividends, for an ROIC of approximately 20%. We estimate, based on Windset’s growth plans of its greenhouse capacity in Santa Maria, that the ROIC over the next five years on our investment in Windset will continue to approximate the strong returns we realized during the first six years of our investment.”On February 15, 2011, Apio entered into a share purchase agreement with Windset pursuant to which Apio purchased from Windset $15 million of senior preferred shares and 201 common shares for $201. Over the subsequent six years, Apio (1) purchased an additional $7 million of senior preferred shares and (2) paid $11 million combined for an additional 68 common shares and junior preferred shares with a $5.1 million liquidation value, resulting in a total investment of $33 million. Apio now owns 269 common shares in Windset. The senior preferred shares yield a cash dividend of 7.5% paid annually. The February 2011 agreement included a put and call option whereby Apio can exercise the put to sell its common, senior preferred shares and junior preferred shares to Windset, or Windset can exercise the call to purchase those same shares from Apio, in either case, at a price equal to 26.9% of the fair value of Windset as determined by the contractual formula, plus the liquidation value of the preferred shares of $27.1 million. This amendment extends the put/call date from February 15, 2017 to March 31, 2022. As of November 27, 2016, the book value of the Company’s investment in Windset was $62.7 million.  During its recently completed year ended December 31, 2016, Windset generated over CAD$400 million of revenue. This compares to approximately CAD$140 million in revenues for the year ended December 31, 2010, the year prior to Landec’s initial investment in February 2011. Windset has increased its revenues every year since its founding in 1996.About Windset Farms® 
Windset Farms, with greenhouses and contract greenhouse growers in the United States, Canada and Mexico, markets in excess of 750 acres of greenhouse grown produce and is one of the largest growers and marketers of high tech greenhouse produce in North America. Windset products are sold across Western Canada, the Western and Midwestern United States, Mexico and Asia. Windset grows only non-GMO produce including peppers, cucumbers, tomatoes, lettuce, eggplant, endive and strawberries. The company’s facilities combine state-of-the-art technology and old-fashioned attention to detail to ensure optimal growing conditions and sustainable practices. In 2014, Windset Farms was named the best tomato grower in marketing and sales, winning the Tomato Inspiration Award 2014 out of 100 top tomato growers invited to attend the first annual Tomato Inspiration Event hosted by HortiBiz and eight partners held in Berlin. For more information about Windset Farms please visit the company website at www.windsetfarms.com.About Landec Corporation
Landec Corporation (NASDAQ:LNDC) is a leading innovator of diversified health and wellness solutions within the packaged natural food and biomaterial markets. Apio, Landec’s food business, is the leader in branded, packaged fresh vegetables in North America, utilizing its proprietary BreatheWay® packaging technology to naturally extend the shelf life of fresh produce. Apio combines this technology with the capabilities of a large national fresh produce supplier to offer healthy fresh vegetable products under the Eat Smart® brand to consumers through club and retail grocery stores. Extending its reach into adjacent natural food products outside of produce, Landec recently acquired O Olive Oil, Inc, an organic and natural producer and marketer of olive oils and vinegars under the O brand. Lifecore Biomedical, Landec’s biomaterial business, is a fully integrated Contract Development and Manufacturing Organization (CDMO) that offers expertise and capabilities in fermentation, specialty formulation, aseptic filling and final packaging for FDA regulated medical devices and drugs to customers for applications in a wide array of markets including Ophthalmic, Orthopedic and Oncology. For more information about the company, visit Landec’s website at www.landec.com.Important Cautions Regarding Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ materially, including such factors among others, as the timing and expenses associated with operations, the ability to achieve acceptance of the Company's new products in the market place, weather conditions that can affect the supply and price of produce, the amount and timing of research and development funding and license fees from the Company's collaborative partners, the timing of regulatory approvals, the mix between domestic and international sales, and the risk factors listed in the Company’s Form 10-K for the fiscal year ended May 29, 2016 (See item 1A: Risk Factors) which may be updated in Part II, Item 1A Risk Factors in the Company’s Quarterly Reports on Form 10-Q. As a result of these and other factors, the Company expects to continue to experience significant fluctuations in quarterly operating results and there can be no assurance that the Company will remain consistently profitable. The Company undertakes no obligation to update or revise any forward-looking statements whether as a result of new developments or otherwise. 
Contact Information:
At the Company:
Gregory S. Skinner
Vice President Finance and CFO
(650) 261-3677

Investor Relations:
John Mills, Partner
(646) 277-1254
[email protected]

Read more...
Landec Corporation Names Innovative Natural Food Business Leader Debbie Carosella to Board of Directors

MENLO PARK, Calif., March 16, 2017 (GLOBE NEWSWIRE) -- Landec Corporation (NASDAQ:LNDC), a leading innovator of diversified health and wellness solutions within the packaged natural food and biomaterial markets, announced that Debbie Carosella has been named a director of Landec Corporation and a member of the Company’s Food Innovation Committee. Ms. Carosella’s appointment to the Board of Directors raises the total number of Board members to nine, seven of whom are outside independent Board members.
Ms. Carosella lives in Boulder, Colorado, a hotbed for many natural food start-ups, and is a recognized innovation leader in the natural and organic food industry. With over 20 years of experience in the areas of innovation and business transformation, Ms. Carosella’s efforts have resulted in driving significant revenue, margin and profit growth in both entrepreneurial and Fortune 500 companies. Ms. Carosella was most recently the CEO of Madhava Natural Sweeteners, focused on innovating honey and agave-based products that provide an alternative to highly processed refined sugars and artificial sweeteners. Ms. Carosella led the transformation of Madhava, meaning “born of honey”, from a base of commodity products to a broad line of value-added branded products, doubling sales and margins over the four years of her leadership. Previously, Ms. Carosella was the Senior Vice President of Innovation and a member of the Executive Operating Team at Whitewave Foods, currently in the process of being acquired by European food giant, Danone SA. Previous to Whitewave, she led the innovation efforts at Dean Foods, where she built the innovation function, capabilities and processes used at both Whitewave and Dean Foods. Prior to Dean Foods, Ms. Carosella was Vice President and General Manager as well as Vice President of Strategic Marketing and Innovation at ConAgra Foods. Accomplishments at ConAgra included driving double-digit revenue and profit growth and creating, developing and commercializing one of the company’s most successful product launches in its history, which delivered over $100 million in sales in its first year.  Before ConAgra, Ms. Carosella was Vice President Consumer Nutrition Brand Strategy at Monsanto Company.  Ms. Carosella is a graduate of the University of Missouri. Molly Hemmeter, Landec’s President and CEO, commented, “Landec’s mission is to innovate products that support each person’s individual health and wellness journey. In our food business, one of our stated strategies is to innovate new products in markets adjacent to our existing Eat Smart® packaged fresh vegetable products that make it easy and convenient for consumers to eat healthy foods. This strategy will be implemented through both internal innovation and acquisitions, as demonstrated by our recent announcement of Eat Smart’s 100% Clean Label Initiative and our acquisition of O Olive Oil, Inc. on March 1, 2017. With Ms. Carosella’s insight and experience, Landec will continue to evolve its innovation capabilities for natural food products to deliver on our mission and strategy.” Continued Hemmeter, “There is a dramatic shift in consumer preference to clean and organic ingredients with a traceable origin. Landec is at the forefront of this 100% clean trend documented by Food Business News which states that nearly three-quarters of consumers are looking for clean labels, preferring mostly recognizable ingredients. Although nearly 90% of Eat Smart products already contain a clean label, we are focused on, and committed to, reformulating all other ingredients such as salad dressings, toppings and vegetable tray dips to ensure all Eat Smart products are free from high fructose corn syrup, artificial preservatives, hydrogenated fats, as well as artificial colors, flavors, and sweeteners and contain a "100% Clean Label" by the end of 2018. The O branded olive oils and vinegars, recently added to the Landec family, are already 100% clean and offer organic products options.  For more information see www.eatsmart.net and www.ooliveoil.com.” Ms. Carosella said, “Landec is making significant progress in transforming its Apio and Lifecore businesses, strengthening their leadership positions and strategies for long-term sustainable growth by first focusing on building internal innovation capabilities to drive a shift in product mix to higher value items and second expanding into adjacent, high growth markets. I look forward to working with the Board and management at this inflection point to advance Landec’s strategies for the long-term benefit of Landec’s customers, consumers and shareholders.” “We are delighted to welcome Ms. Carosella to the Landec Board of Directors and look forward to working closely with her as we evolve our innovation capabilities and accelerate our product offerings in the natural products category that will lead to top-line and bottom-line sustainable growth,” concluded Hemmeter. About Landec Corporation Landec Corporation (NASDAQ:LNDC) is a leading innovator of diversified health and wellness solutions within the packaged natural food and biomaterial markets. Apio, Landec’s food business, is the leader in branded, packaged fresh vegetables in North America, utilizing its proprietary BreatheWay® packaging technology to naturally extend the shelf life of fresh produce. Apio combines this technology with the capabilities of a large national fresh produce supplier to offer healthy fresh vegetable products under the Eat Smart® brand to consumers through club and retail grocery stores. Landec recently acquired O Olive Oil, Inc. that offers organic and natural olive oils and vinegars under the O brand. Lifecore Biomedical, Landec’s biomaterial business, is a fully integrated Contract Development and Manufacturing Organization (CDMO) that offers expertise and capabilities in fermentation, specialty formulation, aseptic filling and final packaging for FDA regulated medical devices and drugs to customers for applications in a wide array of markets including Ophthalmic, Orthopedic and Oncology. For more information about the company, visit Landec’s website at www.landec.com.
Contact Information:
At the Company:
Gregory S. Skinner
Vice President Finance and CFO
(650) 261-3677

Investor Relations:
John Mills, Partner
(646) 277-1254
[email protected]

Read more...
Landec Corporation Sets Third Quarter Fiscal Year 2017 Conference Call for April 5, 2017 at 8 a.m. PT and Earnings Release Set for April 4, 2017 After Market

MENLO PARK, Calif., March 14, 2017 (GLOBE NEWSWIRE) -- Landec Corporation (NASDAQ:LNDC) will hold a conference call on Wednesday April 5, 2017 at 8 a.m. Pacific time to discuss its results for the third quarter fiscal 2017. Financial results will be reported for the 2017 fiscal third quarter ended February 26, 2017 after market close on April 4, 2017.
Landec's President and CEO, Molly Hemmeter, will host the Conference Call with Gregory S. Skinner, Vice President and CFO. A question and answer period will follow the presentation. Date: Wednesday April 5, 2017
Time: 8 a.m. Pacific time (11 a.m. Eastern time)
Toll Free Participant Dial-in Number: (844) 860-6243
U.S. and International Toll Number: (661) 378-9884
Conference ID: 87473692 Webcast: http://ir.Landec.com/events.cfm
The webcast will be available for 30 days through May 5, 2017. A replay of the teleconference will be available for one week until midnight Eastern time, Wednesday April 12, 2017. Toll free replay dial in: (855) 859-2056
International replay: (404) 537-3406
Replay passcode: 87473692 About Landec Corporation Landec Corporation (NASDAQ:LNDC) is a leading innovator of diversified health and wellness solutions within the packaged natural food and biomaterial markets. Apio, Landec's food business, is the leader in branded, packaged fresh vegetables in North America, utilizing its proprietary BreatheWay® packaging technology to naturally extend the shelf life of fresh produce. Apio combines this technology with the capabilities of a large national fresh produce supplier to offer healthy fresh vegetable products under the Eat Smart® brand to consumers through club and retail grocery stores. Landec recently acquired O Olive Inc. that offers organic and natural olive oils and vinegars under the O brand. Lifecore Biomedical, Landec's biomaterial business, is a fully integrated Contract Development and Manufacturing Organization (CDMO) that offers expertise and capabilities in fermentation, specialty formulation, aseptic filling and final packaging for FDA regulated medical devices and drugs to customers for applications in a wide array of markets including Ophthalmic, Orthopedic and Oncology. For more information about the company, visit Landec's website at www.landec.com.
Media and Industry Contact:

At the Company:
Gregory S. Skinner
Vice President Finance and CFO
(650) 261-3677

Investor Relations:
ICR, Inc.
John Mills, Partner
(646) 277-1254
[email protected]

Read more...
Landec Corporation to Participate in the 37th Annual Natural Products Expo West Trade Show in Anaheim, CA

O Olive Oil to present at the world’s largest natural, organic and healthy products event
MENLO PARK, Calif., March 07, 2017 (GLOBE NEWSWIRE) -- Landec Corporation (NASDAQ:LNDC), a leading innovator of diversified health and wellness solutions within the packaged food and biomaterial markets, announced today that the Company's recently acquired business, O Olive Oil, Inc. ("O Olive"), will participate at the Natural Products Expo West trade show.  Landec's President and Chief Executive Officer Molly Hemmeter will be joining Greg Hinson, Founder and President of O Olive, along with other Company representatives from Landec and Apio at the largest natural, organic and healthy products conference in the world. 
The Natural Products Expo West 2017 trade show will be held from March 8, 2017 to March 12, 2017 at the Anaheim Convention Center in Anaheim, CA.   It is the leading trade show in the natural, organic and healthy products industry and was rated as one of the top 200 trade shows in the United States by Tradeshow Week.  More than 3,000 exhibitors from nearly 125 different countries participated in last year's event.  Last year, more than 75,000 visitors attended the event, up from just 3,000 visitors at its inaugural event in 1981. As previously reported on March 1, 2017, Landec entered into a definitive agreement to purchase O Olive.  The Company was founded in 1995, is based in Petaluma, California, and is the premier producer of California specialty olive oils and wine vinegars. O Olive has been honored with 17 SOFI awards by the Specialty Food Association, more than any other oil and vinegar company in the world. Its products are sold in over 4,600 natural food, conventional grocery and mass retail stores, primarily in the United States and Canada.For additional information on O Olive, please visit their website at: www.ooliveoil.comAbout Landec Corporation Landec Corporation (NASDAQ:LNDC) is a leading innovator of diversified health and wellness solutions within the packaged food and biomaterial markets. Apio, Landec’s food business, is the leader in branded, packaged fresh vegetables in North America, utilizing its proprietary BreatheWay® packaging technology to naturally extend the shelf life of fresh produce. Apio combines this technology with the capabilities of a large national fresh produce supplier to offer healthy fresh vegetable products under the Eat Smart® brand to consumers through club and retail grocery stores. Lifecore Biomedical, Landec’s biomaterial business, is a fully integrated Contract Development and Manufacturing Organization (CDMO) that offers expertise and capabilities in fermentation, specialty formulation, aseptic filling and final packaging for FDA regulated medical devices and drugs to customers for applications in a wide array of markets including Ophthalmic, Orthopedic and Oncology. For more information about the company, visit Landec’s website at www.landec.com.
Contact Information:
At the Company:
Gregory S. Skinner
Vice President Finance and CFO
(650) 261-3677

Investor Relations:
John Mills, Partner
(646) 277-1254
[email protected]

Read more...

Ratios

vs
industry
vs
history
PE Ratio 37.28
LNDC's PE Ratio is ranked lower than
80% of the 1294 Companies
in the Global Farm Products industry.

( Industry Median: 19.68 vs. LNDC: 37.28 )
Ranked among companies with meaningful PE Ratio only.
LNDC' s PE Ratio Range Over the Past 10 Years
Min: 7.08  Med: 21.7 Max: 45.13
Current: 37.28
7.08
45.13
PE Ratio without NRI 37.28
LNDC's PE Ratio without NRI is ranked lower than
80% of the 1291 Companies
in the Global Farm Products industry.

( Industry Median: 19.76 vs. LNDC: 37.28 )
Ranked among companies with meaningful PE Ratio without NRI only.
LNDC' s PE Ratio without NRI Range Over the Past 10 Years
Min: 7.08  Med: 21.7 Max: 45.13
Current: 37.28
7.08
45.13
PB Ratio 1.56
LNDC's PB Ratio is ranked higher than
55% of the 1570 Companies
in the Global Farm Products industry.

( Industry Median: 1.75 vs. LNDC: 1.56 )
Ranked among companies with meaningful PB Ratio only.
LNDC' s PB Ratio Range Over the Past 10 Years
Min: 0.94  Med: 1.56 Max: 4.29
Current: 1.56
0.94
4.29
PS Ratio 0.69
LNDC's PS Ratio is ranked higher than
64% of the 1560 Companies
in the Global Farm Products industry.

( Industry Median: 1.05 vs. LNDC: 0.69 )
Ranked among companies with meaningful PS Ratio only.
LNDC' s PS Ratio Range Over the Past 10 Years
Min: 0.46  Med: 0.7 Max: 1.88
Current: 0.69
0.46
1.88
Price-to-Operating-Cash-Flow 15.91
LNDC's Price-to-Operating-Cash-Flow is ranked lower than
63% of the 862 Companies
in the Global Farm Products industry.

( Industry Median: 12.32 vs. LNDC: 15.91 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
LNDC' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 7.73  Med: 14.84 Max: 118.06
Current: 15.91
7.73
118.06
EV-to-EBIT 31.54
LNDC's EV-to-EBIT is ranked lower than
81% of the 1363 Companies
in the Global Farm Products industry.

( Industry Median: 15.31 vs. LNDC: 31.54 )
Ranked among companies with meaningful EV-to-EBIT only.
LNDC' s EV-to-EBIT Range Over the Past 10 Years
Min: -25.8  Med: 11.2 Max: 32.5
Current: 31.54
-25.8
32.5
EV-to-EBITDA 17.08
LNDC's EV-to-EBITDA is ranked lower than
67% of the 1416 Companies
in the Global Farm Products industry.

( Industry Median: 12.00 vs. LNDC: 17.08 )
Ranked among companies with meaningful EV-to-EBITDA only.
LNDC' s EV-to-EBITDA Range Over the Past 10 Years
Min: -58.5  Med: 9 Max: 21.9
Current: 17.08
-58.5
21.9
EV-to-Revenue 0.79
LNDC's EV-to-Revenue is ranked higher than
68% of the 1597 Companies
in the Global Farm Products industry.

( Industry Median: 1.24 vs. LNDC: 0.79 )
Ranked among companies with meaningful EV-to-Revenue only.
LNDC' s EV-to-Revenue Range Over the Past 10 Years
Min: 0.2  Med: 0.7 Max: 1.7
Current: 0.79
0.2
1.7
Shiller PE Ratio 33.21
LNDC's Shiller PE Ratio is ranked lower than
62% of the 338 Companies
in the Global Farm Products industry.

( Industry Median: 26.07 vs. LNDC: 33.21 )
Ranked among companies with meaningful Shiller PE Ratio only.
LNDC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 15.64  Med: 26.46 Max: 1582
Current: 33.21
15.64
1582
Current Ratio 1.53
LNDC's Current Ratio is ranked lower than
52% of the 1474 Companies
in the Global Farm Products industry.

( Industry Median: 1.58 vs. LNDC: 1.53 )
Ranked among companies with meaningful Current Ratio only.
LNDC' s Current Ratio Range Over the Past 10 Years
Min: 0.93  Med: 1.83 Max: 34.91
Current: 1.53
0.93
34.91
Quick Ratio 1.04
LNDC's Quick Ratio is ranked lower than
51% of the 1474 Companies
in the Global Farm Products industry.

( Industry Median: 1.07 vs. LNDC: 1.04 )
Ranked among companies with meaningful Quick Ratio only.
LNDC' s Quick Ratio Range Over the Past 10 Years
Min: 0.62  Med: 1.28 Max: 34.36
Current: 1.04
0.62
34.36
Days Inventory 22.28
LNDC's Days Inventory is ranked higher than
87% of the 1517 Companies
in the Global Farm Products industry.

( Industry Median: 64.96 vs. LNDC: 22.28 )
Ranked among companies with meaningful Days Inventory only.
LNDC' s Days Inventory Range Over the Past 10 Years
Min: 11.91  Med: 20.15 Max: 29
Current: 22.28
11.91
29
Days Sales Outstanding 33.38
LNDC's Days Sales Outstanding is ranked higher than
55% of the 1192 Companies
in the Global Farm Products industry.

( Industry Median: 37.42 vs. LNDC: 33.38 )
Ranked among companies with meaningful Days Sales Outstanding only.
LNDC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 24.6  Med: 30.86 Max: 36.73
Current: 33.38
24.6
36.73
Days Payable 22.26
LNDC's Days Payable is ranked lower than
75% of the 1086 Companies
in the Global Farm Products industry.

( Industry Median: 43.95 vs. LNDC: 22.26 )
Ranked among companies with meaningful Days Payable only.
LNDC' s Days Payable Range Over the Past 10 Years
Min: 21.03  Med: 26.77 Max: 34.61
Current: 22.26
21.03
34.61

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -0.80
LNDC's 3-Year Average Share Buyback Ratio is ranked higher than
60% of the 808 Companies
in the Global Farm Products industry.

( Industry Median: -1.80 vs. LNDC: -0.80 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
LNDC' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -13.1  Med: -2.8 Max: 0.9
Current: -0.8
-13.1
0.9

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 2.36
LNDC's Price-to-Tangible-Book is ranked lower than
58% of the 1477 Companies
in the Global Farm Products industry.

( Industry Median: 1.92 vs. LNDC: 2.36 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
LNDC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.43  Med: 3.48 Max: 133.21
Current: 2.36
1.43
133.21
Price-to-Intrinsic-Value-Projected-FCF 1.61
LNDC's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
52% of the 700 Companies
in the Global Farm Products industry.

( Industry Median: 1.55 vs. LNDC: 1.61 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
LNDC' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.89  Med: 1.88 Max: 44.56
Current: 1.61
0.89
44.56
Price-to-Median-PS-Value 0.99
LNDC's Price-to-Median-PS-Value is ranked higher than
64% of the 1397 Companies
in the Global Farm Products industry.

( Industry Median: 1.09 vs. LNDC: 0.99 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
LNDC' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.32  Med: 1.04 Max: 63.43
Current: 0.99
0.32
63.43
Price-to-Peter-Lynch-Fair-Value 1.77
LNDC's Price-to-Peter-Lynch-Fair-Value is ranked lower than
99.99% of the 374 Companies
in the Global Farm Products industry.

( Industry Median: 1.39 vs. LNDC: 1.77 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
LNDC' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0  Med: 1.11 Max: 26
Current: 1.77
0
26
Price-to-Graham-Number 1.98
LNDC's Price-to-Graham-Number is ranked lower than
66% of the 1049 Companies
in the Global Farm Products industry.

( Industry Median: 1.33 vs. LNDC: 1.98 )
Ranked among companies with meaningful Price-to-Graham-Number only.
LNDC' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.93  Med: 1.78 Max: 6.74
Current: 1.98
0.93
6.74
Earnings Yield (Greenblatt) % 3.17
LNDC's Earnings Yield (Greenblatt) % is ranked lower than
67% of the 1643 Companies
in the Global Farm Products industry.

( Industry Median: 5.53 vs. LNDC: 3.17 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
LNDC' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -7  Med: 7.9 Max: 23.8
Current: 3.17
-7
23.8
Forward Rate of Return (Yacktman) % 17.75
LNDC's Forward Rate of Return (Yacktman) % is ranked higher than
73% of the 847 Companies
in the Global Farm Products industry.

( Industry Median: 7.84 vs. LNDC: 17.75 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
LNDC' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -18.6  Med: 23.35 Max: 45.7
Current: 17.75
-18.6
45.7

More Statistics

Revenue (TTM) (Mil) $523.22
EPS (TTM) $ 0.35
Beta0.69
Short Percentage of Float7.38%
52-Week Range $11.20 - 15.50
Shares Outstanding (Mil)27.51

Piotroski F-Score Details

Piotroski F-Score: 66
Positive ROAY
Positive CFROAY
Higher ROA yoyY
CFROA > ROAY
Lower Leverage yoyY
Higher Current Ratio yoyN
Less Shares Outstanding yoyN
Higher Gross Margin yoyY
Higher Asset Turnover yoyN

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