• Lancaster Colony average operating margin for 2023 was 8.33%, a 17.82% increase from 2022.
• Lancaster Colony average operating margin for 2022 was 7.07%, a 41.28% increase from 2021.
• Lancaster Colony average operating margin for 2021 was 12.04%, a 8.23% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.