Lamb Weston Reports Fiscal First Quarter 2020 Results; Reaffirms Fiscal Year 2020 Outlook
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Lamb Weston (LW) Tops Q1 EPS by 1c, Revenues Beat; Reaffirms FY20 Outlook
October 2, 2019 8:32 AM EDTLamb Weston (NYSE: LW) reported Q1 EPS of $0.79, $0.01 better than the analyst estimate of $0.78. Revenue for the quarter came in at $989 million versus the consensus estimate of $971.45 million.
First Quarter 2020 Highlights
Net sales increased 8% to $989 millionIncome from operations increased 11% to $170 millionEBITDA including unconsolidated joint ventures(1) increased 9% to $233 millionDiluted EPS increased 8% to $0.79 from $0.73Returned $34 million of cash to shareholdersReaffirms FY 2020 outlookWere pleased with our solid start to our... More
