Lamb Weston (LW) Tops Q1 EPS by 31c

Lamb Weston (NYSE: LW) reported Q1 EPS of $0.61, $0.31 better than the analyst estimate of $0.30. Revenue for the quarter came in at $872 million versus the consensus estimate of $868.42 million.

Second Quarter of Fiscal Year 2021 Business Update (for 4 weeks ended September 25, 2020)

• North America shipments at approximately 90% of prior-year levels, led by demand from quick service restaurants and retail, as well as continued recovery by full-service restaurants
• Europe, China and Australia shipments approaching prior-year levels
• Shipments to other Asian and Latin American markets lagging demand recovery as customers and distributors right-size inventories

For earnings history and earnings-related data on Lamb Weston (LW) click here.

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