Feb 18 (Reuters) - Snack-food maker Snyder's-Lance Inc posted a lower-than-expected adjusted quarterly profit, and the company said it will not give outlook for the current year citing rising commodity prices.
The company, which makes pretzels, sandwich crackers, potato chips, cookies, tortilla chips, and nuts, said it was faced with significant cost increases that "will require pricing actions beyond those already in place."
Snyder's-Lance posted a fourth-quarter net loss of $19.4 million, or 48 cents a share, compared with a net profit of $10.1 million, or 31 cents a share, a year ago.
Excluding items, it earned 23 cents a share, missing analysts' average estimate of 35 cents a share, according to Thomson Reuters I/B/E/S.
Revenue rose 23 percent to $285.1 million. However, excluding an extra week in the latest quarter, it fell 3 percent.
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