Snyder's-Lance sees FY17 EPS ex-items $1.10-$1.20, consensus $1.10
Baks FY17 revenue guidance of $2.2B-$2.3B, consensus $2.21B. Snyder's-Lance believes that the execution of the strategic initiatives underlying the transformation plan will enhance the company's margin profile and deliver long-term sustainable value to shareholders. By 2020, the company is targeting for operating margin to reach 14.0% and earnings per share, excluding special items, to grow at a four-year CAGR of 11-13%. The company will provide further details on the transformation plan on today's second quarter 2017 financial results call and will detail the key initiatives supporting achievement of the plan and targets at the company's Investor Day scheduled for September 28, 2017, in New York City.