Lamb Weston (LW) Tops Q1 EPS by 1c, Offers Guidance
Lamb Weston (NYSE: LW) reported Q1 EPS of $0.73, $0.01 better than the analyst estimate of $0.72. Revenue for the quarter came in at $1.65 billion versus the consensus estimate of $1.55 billion.
Restructuring Plan
- •Restructuring actions expected to generate approximately $55 million of pre-tax cost savings in fiscal 2025 and a $100 million reduction in capital expenditures in fiscal 2025
- •Key actions include closing Connell, Washington facility, temporarily curtailing production lines and schedules in North America, reducing approximately 4% of global workforce, and eliminating unfilled job positions
- •Expected to record total estimated pre-tax charges of $200 million to $250 million
GUIDANCE:
Lamb Weston sees FY2025 EPS of $4.15-$4.35, versus the consensus of $4.42.
For earnings history and earnings-related data on Lamb Weston (LW) click here.