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BRIEF-Lassonde Industries Inc Reports Q2 Earnings Per Share C$2.25

Published 2019-08-09, 12:22 p/m
© Reuters.  BRIEF-Lassonde Industries Inc Reports Q2 Earnings Per Share C$2.25
LASa
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Aug 9 (Reuters) - Lassonde Industries Inc LASa.TO :

* ANNOUNCES ITS Q2 2019 RESULTS

* Q2 EARNINGS PER SHARE C$2.25

* Q2 SALES ROSE 7.4 PERCENT TO C$419.7 MILLION

* COMPANY EXPECTS THAT, FOR 2019, ITS CONSOLIDATED ANNUAL SALES GROWTH RATE WILL BE SLIGHTLY ABOVE THAT OF 2018

* "COMPANY REMAINS CAUTIOUS IN A U.S. COMPETITIVE ENVIRONMENT THAT HAS BECOME PARTICULARLY DIFFICULT"

* SELLING PRICE INCREASES IN U.S. MARKET CONTINUED TO GRADUALLY TAKE EFFECT IN Q2 OF 2019

* LASSONDE INDUSTRIES - PAYING ATTENTION TO POTENTIAL IMPACTS OF CHANGES MADE TO CANADA'S FOOD GUIDE BUT NOT YET OBSERVED SIGNIFICANT IMPACT ON SALES

* "COMPANY'S 2019 SECOND-QUARTER SALES AND OPERATING PROFIT WERE SLIGHTLY BELOW OUR EXPECTATIONS"

* IN UNITED STATES, TRADE DISPUTES CONTINUED TO AFFECT COST OF APPLE CONCENTRATE IN QUARTER

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