Lamb Weston (LW) Tops Q1 EPS by 5c; Revenues Beat; Reaffirms FY19 Fiscal Outlook
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Lamb Weston Reports Fiscal First Quarter 2019 Results; Reaffirms Fiscal Year 2019 Outlook
October 2, 2018 8:30 AM EDTFirst Quarter 2019 Highlights
Net sales increased 12% to $915 million Income from operations increased 11% to $153 million; Adjusted Income from Operations(1) increased 9% to $153 million Adjusted EBITDA including unconsolidated joint ventures(1) increased 11% to $213 million Diluted EPS increased to $0.73 from $0.56; and includes $0.10 benefit from a lower tax rate as a result of U.S. tax reform Adjusted Diluted EPS(1) increased to $0.73 from $0.57; and includes $0.10 benefit from a lower tax rate as a result of U.S. tax reform... More