On April 17, 2017, snack maker Snyder’s-Lance, Inc. announced the sudden departure of its CEO, along with preliminary first quarter 2017 results well-below prior guidance. According to the Company, its financial results have been negatively impacted by increased promotional and marketing spending.
The price of LNCE common stock declined sharply on the news.
GSP is investigating whether shareholders of Snyder’s-Lance shareholders (NASDAQ: LNCE) have potential claims for violations of the securities laws. If you purchased shares of Snyder’s-Lance, and have suffered a loss on your investment, and wish to learn more, please contact Paul Scarlato by email at firstname.lastname@example.org.