Lancaster Colony Corp. (NASDAQ:LANC) stock fell 0.058% (As on August 23, 11:20:20 AM UTC-4, Source: Google Finance) after the company posted lower than expected results for the fourth quarter of FY 24. Retail segment net sales declined 0.8% in the quarter to $234.2 million, driven by the impact of the tactical decision to exit the perimeter-of-the-store bakery product lines this past March. Foodservice segment net sales were essentially flat at $218.6 million as deflationary pricing offset volume growth. The gross profit grew 4.8% to $97.6 million. Operating income increased to $41.7 million, which includes the impact of restructuring and impairment charges that totaled $2.7 million in the current year quarter versus $25 million in last year's fourth quarter.