date:Jan 06, 2014
issues to continue in the third quarter.
For the quarter ended Nov. 24 , Landec posted a profit of $3.5 million, or 13 cents a share, down from $8.9 million, or 34 cents a share, a year earlier. Revenue climbed 4.7% to $120 million as the company's Apio Inc. revenue climbed 4.1% to $111.1 million. Gross margin narrowed to 11.4% from 16.2% as the cost of product sales increased nearly 11% to $105.9 million.