Landec Corporation Net Income

Net Income of LNDC for past 10 years: annual, quarterly and twelve month trailing (TTM) including Net Income growth rates and interactive chart. Net income (NI), also called net earnings, is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses. It is the profit available to all shareholders, both preferred and common.

Highlights and Quick Summary

  • Net Income for the quarter ending February 27, 2021 was $-5.5 Million (a -58.66% decrease compared to previous quarter)
  • Year-over-year quarterly Net Income decreased by -63.71%
  • Annual Net Income for 2020 was $-38.2 Million (a -1899.76% decrease from previous year)
  • Annual Net Income for 2019 was $2.12 Million (a -91.73% decrease from previous year)
  • Annual Net Income for 2018 was $25.7 Million (a 155.44% increase from previous year)
  • Twelve month Net Income ending February 27, 2021 was $-44.9 Million (a -11.81% decrease compared to previous quarter)
  • Twelve month trailing Net Income increased by 17.69% year-over-year
Trailing Net Income for the last four month:
27 Feb '21 29 Nov '20 30 Aug '20 30 May '20
$-44.9 Million $-51 Million $-44.4 Million $-38.2 Million
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Historical Net Income of Landec Corporation

Most recent Net Incomeof LNDC including historical data for past 10 years.

Interactive Chart of Net Income of Landec Corporation

Landec Corporation Net Income for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $-5.5
2020 $-13.3 $-11.0 $-15.15 $-11.52 $-38.19
2019 $-6.74 $-4.78 $-0.26 $1.07 $2.12
2018 $-0.59 $0.19 $6.11 $16.09 $25.67
2017 $0.51 $2.21 $2.46 $3.49 $10.05
2016 $1.37 $3.35 $4.8 $-21.17 $-11.64
2015 $1.93 $2.99 $4.25 $3.8 $13.73
2014 $3.25 $2.42 $4.62 $6.42 $19.34
2013 $3.49 $4.81 $4.59 $4.79 $22.81
2012 $8.97 $4.46 $2.89 $4.81 $13.1
2011 $3.44 $1.95 $-2.65 $2.32 $4.26
2010 $2.18 $2.4 $-1.37 $4.47

Business Profile of Landec Corporation

Sector: Consumer Defensive
Industry: Packaged Foods
Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through Curation Foods and Lifecore segments. The Curation Foods segment engages in processing, marketing, and selling of vegetable-based salads, and fresh-cut and whole vegetable products primarily under the Eat Smart brand, O branded olive oils and wine vinegars, and Yucatan and Cabo Fresh guacamole and avocado food products, as well as various private labels. It serves retail grocery chains, club stores, and food service operators. The Lifecore segment engages in the manufacture of pharmaceutical-grade sodium hyaluronate (HA) in bulk form, as well as formulated and filled syringes and vials for injectable products used in treating a range of medical conditions and procedures. It also provides services, including technology transfer, material component changes, analytical method development, formulation development, pilot studies, stability studies, process validation, and production of materials for clinical studies to its partners for HA-based and non-HA based aseptically formulated and filled products. This segment sells its non-HA products for medical use primarily in the ophthalmic, orthopedic, and other markets. It sells its products directly to partners in the medical device and pharmaceutical markets. The company was founded in 1986 and is headquartered in Santa Clara, California.