Lamb Weston Reports Fiscal Second Quarter 2019 Results and Updates Full Year Outlook
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Lamb Weston (LW) Reports Q2 EPS of $0.80, Revenues Beat; Updates FY19 Sales Growth & EBITDA Outlook
January 4, 2019 8:35 AM ESTLamb Weston (NYSE: LW) reported Q2 EPS of $0.80, 8 cents better than the consensus of $0.72. Revenue for the quarter came in at $911 million versus the consensus estimate of $897.08 million.
Second Quarter 2019 Highlights
Net sales increased 11% to $911 millionIncome from operations increased 24% to $174 million; Adjusted Income from Operations(1) increased 21% to $174 millionAdjusted EBITDA including unconsolidated joint ventures(1) increased 18% to $223 millionDiluted EPS increased to $0.74 from $0.52, and includes a $0.10 benefit from a lower tax rate as a result of U.S. tax reform, partially offset by a $0.06 decrease related to the acquisition of the remaining... More