Landec Corp Ca (LNDC) SEC Filing 10-K Annual report for the fiscal year ending Sunday, May 25, 2014

Exhibit 99.1

FOR IMMEDIATE RELEASE

Landec Corporation Reports Fiscal Fourth Quarter 

and Full Year 2014 Results

Landec’s Fiscal 2014 Revenues Increase to a Record $476.8 Million Driven by Strong Sales

of New Eat Smart® Superfood Products and Lifecore Products.

MENLO PARK, CA – July 29, 2014 – Landec Corporation (NASDAQ: LNDC), a Company that develops and markets innovative and proprietary products for healthy living applications in food and biomedical markets, reported results for the fiscal 2014 fourth quarter and fiscal year ended May 25, 2014.

Summary of Fiscal Fourth Quarter 2014 Results

“During the fourth quarter and for all of fiscal 2014 Apio, Landec’s food subsidiary, continued to grow its traditional core packaged vegetable products as well as its new vegetable salad kit products that feature nutrient-dense superfoods,” stated Gary Steele, Landec’s Chairman and CEO. “Lifecore, Landec’s biomaterials subsidiary, continued to experience increased sales in its aseptic filling business and continues to expand its operating capacity for anticipated increases in demand. Also during the fourth quarter, the Company completed a comprehensive five-year strategic plan that identifies numerous growth opportunities and margin enhancement initiatives which the Company will begin implementing in fiscal 2015. Our key five-year financial goals are to grow the revenues of our two core businesses, Apio’s value-added vegetable business and Lifecore’s biomaterials business, by a combined 10% on average and to increase our overall margins each year for the next five years.”

Fiscal Fourth Quarter 2014 Results

Revenues in the fourth quarter of fiscal 2014 increased 13%, or $13.8 million, to $120.9 million, compared to $107.1 million in the year-ago quarter. The improvement was primarily due to an $11.3 million, or 13%, increase in revenues in Apio’s value-added businesses (which includes Apio’s fresh-cut specialty packaged vegetable business, Apio Cooling and Apio Packaging) and a $3.0 million, or 26%, increase in revenues in Apio’s export business. Lifecore revenues were essentially flat at $8.2 million compared to the fourth quarter of last year.