Lancaster Colony Corporation (NASDAQ:LANC) Q2 2023 Earnings Call Transcript

Tom Pigott: Yes. Yes. So, I’m glad you brought that up, because we do expect to be spending more in consumer in the back half, as we continue to drive volume growth for — continue to drive volume in the business. The Ascent — we also mentioned, the Ascent cost coming back to the basis business previously, and that’s $5 million or $6 million incremental in the year, slightly back-half loaded. And then we have some additional other costs that — and compensation expense, that we’re anticipating in the back half. When you look at it as a percent increase on the full year, when you take out the Ascent costs rolling in, we’re looking at more of a 3% to 4% increase and then the Ascent costs adding to that. So, I think when you do the math on that, we will have a lot of catch up on — a fair amount of catch-up in SG&A. But overall, the full year profile will be in line with kind of our expectations initially.

Todd Brooks: Okay, great. Thanks, Tom.

Operator: If there are no further questions, we will now turn the call back to Mr. Ciesinski, for his concluding comments.

David Ciesinski: Thank you, Anita and thank you everybody for joining our call today. We look forward to seeing you guys out on NDRS in the forthcoming period. And if we don’t see you sooner, we’ll talk to you in May. Have a great rest of the day.

Operator: This conference has now concluded. Thank you for attending today’s presentation. You may now.