This paper reports on an acoustic study of the retroflex lateral /ɭ/ and non-retroflex lateral /l/, as well as on the schwas following the two laterals in the Zibo dialect. Analyses of formants measured at the temporal midpoint of the lateral and schwa segments show that the retroflex lateral /ɭ/ has a significantly lower F1 as well as a significantly larger C/V duration ratio than the non-retroflex lateral. No significant difference is found in F2 or F3 of the two laterals. Moreover, the schwa following /ɭ/ has a significantly lower F1 than that following /l/, which could play a robust role of cue enhancement in distinguishing the preceding laterals, resulting in an overall enhancement of an otherwise auditorily vulnerable contrast in the laterals. Some inter-speaker variation is observed in the realization of /ɭ/, especially in F3, which may be indicative of a change in progress. These results provide insights into the phonemic status of the retroflex lateral in the Zibo dialect, which are further discussed in light of phonetic and phonological explanations.