Sun, Sep 21, 2014, 10:49 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Snyder's-Lance, Inc. Message Board

  • sunshine_man101 sunshine_man101 Feb 22, 2003 8:57 AM Flag

    Go Boys...adjust those figures

    and put them any way that you want them..."CREATIVE BOOK KEEPING"!

    >>>Revenues in the 52-week fiscal year 2001 increased $6.6 million or 1.1%
    over the 53-week fiscal year 2000. The revenue impact of the fifty-third week in
    2000 was approximately $6.6 million. Excluding the additional revenue week in
    2000, revenues in 2001 increased $13.2 million as a result of increased sales of
    the Company's non-branded products. The Company's branded product sales declined
    slightly as compared to 2000. In 2001, the Company's branded products comprised
    67% of total sales as compared to 69% in 2000. The Company's non-branded
    revenues consist mostly of private label sales and also include sales to other
    manufacturers and third party branded products. Private label sales represented
    20% and 19% of revenues in 2001 and 2000, respectively.<<<

    Total revenues "IN 2001 was $582.9 million" and 2000 was $576.3 million.

    http://ccbn.tenkwizard.com/filing.php?repo=tenk&ipage=1618355&doc=1&total=&attac
    h=ON&TK=LNCE&CK=57528&FG=0&FC=000000&SC=ON&LK=EC3804&AL=EC3804&VL=EC3804


    >>>Revenues in the 52-week fiscal year 2002 decreased $14.0 million or 2.5% compared to the 52-week fiscal year 2001. The Company�s branded product revenues declined $8.8 million and non-branded product revenues declined $5.2 million. The branded product decline was due primarily to reduced sales of cakes (down $5.1 million), food service items (down $2.9 million) and salty snacks (down $2.4 million), somewhat offset by increased sales of sandwich crackers (up $2.2 million). The non-branded decline was due to reduced sales of third party brands (down $8.2 million) and sales to other manufacturers (down $1.0 million), partially offset by an increase in private label sales (up $4.0 million).<<<

    Total revenues for 2002 was $542.9 million and "IN 2001 $556.8".

    http://biz.yahoo.com/e/030221/lnce10-k.html

    So, where did the difference in year 2001 of $582.9 minus $556.8 million come from???????????

    All in their 10-K's for you to read yourself!!!! Go COOKIE TOWER CLUB.

    Salem, they are doing it; aren't they? You should see the latest documents that the judge made the good ole boys turn over$$$$$$$$

    What did Enron and the other companies have on the good ole boys?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • >>>Have you had some sort of problem with your equipment lately?<<<

      Not me or anyone that I know and hopefully they know....because, "I and anyone else that I know don't use the Lance Vendors anymore because of what happen!" It could happen again...

      How much is one of your kids worth?

    • >>>Lance no longer repairs or reconditions their own vending equipment. Most of the liability for faulty repairs would fall on the USI company, which is responsible for reconditioning.<<<

      Guys, the "TRUTH" on the closure of the vending repair plant(that cost over one million to build)!!!!! Lance made a mistake of going to court and getting a judgement on them; so, they had to close the repair plant and vending placemnets have gone from about 60,000 to 39,000...instead of paying the extra two million; they have spent more in closing the plant,lost sales and vendor placements. Just another bad business decision by management...but, maybe they needed that extra two million for their bonuses!

    • Lance no longer repairs or reconditions their own vending equipment. Most of the liability for faulty repairs would fall on the USI company, which is responsible for reconditioning. Have you had some sort of problem with your equipment lately?

    • <<<The other defendants in the lawsuit -- Holiday Inns Inc. of Atlanta, a
      subsidiary of Bass PLC of Britain, and the Coca-Cola Bottling Co. of
      Montgomery -- settled the case, without admitting guilt, in late September for
      $10 million.<<<

      >>>A Mobile County jury ordered snack-food giant Lance Inc. to pay $3 million
      in damages for its role in the electrocution death of a 10-year-old boy killed
      while trying to get candy out of a motel vending machine.<<<

      The point is; when you have a judgement placed against the Company; it is "NEVER" over...they will be the court books "FORVER"!! You see, Coke and H.I. didn't admitt guilt...but, the jury placed "GUILT" on Lance. And, with 39,000 venders with Lance written on them...you never know?

    • I guess that you did not get the memo. The case is over, and the company has rectified the problem.

    • Lifelancer, you just don't get it; do you? I hope that you don't work in the HR Dept. You don't understand product lib. and judgements!!!! Excuses, Excuses, Excuses...you know, juries don't want to hear them over and over again.

      Trust me, if it happens again or someone gets hurt; "LANCE WILL PAY!!!!!!!!!!"

    • One of the mains reasons for the lowered settlement is that Holiday Inn is responsible for providing an adequate grounded plug for the Lance vending machines to be plugged in to. The vending machines themselves have a grounded plug which is attached to a ground by means of a spaded lug,screwed into the top of the coin-box area. This area of attachment is thoroughly removed of paint and grease by use of a grinding apparatus. Lance has itself, produced an instructional video that shows how to properly test an outlet for ground. Anything that is done afterwards is clearly the responsibility of the hotel chain. Where do you stand on this? Should employment at Lance as a salesman require an electrician certification, or do you think that Lance has satisfied it's requirement? Do you know if the boy was tampering with the machine, when this happened?

    • Please note the following article.....COULD IT HAPPEN AGAIN????

      This article hit home....I have been shocked many times by vendors in my working days. Here are some questions: Have you been shocked by a vendor before? - Could it happend again? - Why did Lance go to court instead of settling without admitting guilt as Holiday Inn and Coke did? - Is anyone's child worth only 3 million dollars? - Are all vendors safe now? - Do Lance employess test outlets now? - Did Lance executives listen to the jury after the trial? - If so, who were they?

      LEDGER-ENQUIRER

      LANCE INC. ORDERED TO PAY $3
      MILLION

      Monday, October 13, 1997
      Section: LOCAL
      Page: B2
      Associated Press

      A Mobile County jury ordered snack-food giant Lance Inc. to pay $3 million
      in damages for its role in the electrocution death of a 10-year-old boy killed
      while trying to get candy out of a motel vending machine.

      Shawn Ramanauskas died on Aug. 21, 1995, while attending a family reunion
      with his parents at a Holiday Inn in Clanton. Attorneys for Michael and Tela
      Ranianauskas of Mobile argued that the Lance machines was improperly
      connected to an ungrounded electrical outlet.

      An attorney for the Charlotte, N.C.-based Lance, Larry Harper of
      Birmingham, declined to comment on the verdict issued Friday.

      The other defendants in the lawsuit -- Holiday Inns Inc. of Atlanta, a
      subsidiary of Bass PLC of Britain, and the Coca-Cola Bottling Co. of
      Montgomery -- settled the case, without admitting guilt, in late September for
      $10 million.

      The Ranianauskas� attorneys, Robert Cunningham Jr. and Joseph �Buddy�
      Brown, had asked jurors for $100 million in punitive damages, claiming Lance
      still has not instituted procedures to make sure its machines are plugged into
      safe outlets.

      �They�re going to continue to do things the same way -- unless you do
      something about it,� Brown said in closing remarks. �These guys are listening
      to you. They�re listening. When the verdict comes in this afternoon, they�re
      going to hear you.�

      Harper said he would make sure Lance executives were available to listen to
      the jury after the trial, but he urged jurors to reject punitive damages.

      �There is no doubt that if Holiday Inn had taken action after the complaints..
      this accident would not have happened,� Harper said.

      Shawn was electrocuted when he knelt to remove the candy he had bought
      from a Lance vending machine.

      Harper argued that the motel staff had ignored complaints from guests that
      they were getting a painful shock from vending machines for two days prior to
      the boy�s death.

      A Coca-Cola machine next to the snack machine had dirty condenser coils, a
      broken grounding plug and a coin changer damaged by salt water, Harper
      said. Both machines were plugged into an ungrounded, wrongly polarized
      outlet rigged by an amateur electrician, according to testimony.

      But Cunningham said Lance also was at fault because it didn�t make sure its machine was properly grounded. If it had been, the electrical current would have gone harmlessly to earth, he said.

      Cunningham said Lance officials still do not train employees to test the outlets
      where its machines are plugged in.

    • #1, I was not fired.

      #2, wait and talk to your buddy Tucker and then come back and post with some facts; which, you know none of.

    • >>>Keep in mind that Lance has some of the best legal representation in the country, on retainer.<<<

      Was this the same team that let Lance go to court on the Vendor situtation where the boy(s) got killed? Lance poor mouthed in Court(I have a copy of the newspaper article) and received a "Judgement" against them. Now, if another person gets killed by a Lance Vendor; Lance may not have enough money, cookies, land, equipment to pay that one off!

      This team was probably the ones that sent me an undated letter to sign also$$$$$$$$ Go Team Lance!

    • View More Messages
 
LNCE
27.66-0.43(-1.53%)Sep 19 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.