Lamb Weston (LW) Tops Q2 EPS by 11c, Offers FY20 Guidance

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Go back to Lamb Weston (LW) Tops Q2 EPS by 11c, Offers FY20 Guidance

Lamb Weston Reports Fiscal Second Quarter 2020 Results; Updates Fiscal Year 2020 Outlook

January 3, 2020 8:30 AM EST

Second Quarter 2020 Highlights

Net sales increased 12% to $1,019 million Income from operations increased 11% to $194 million Net income increased 18% to $140 million EBITDA including unconsolidated joint ventures(1) increased 17% to $261 million Diluted EPS increased 28% to $0.95 from $0.74 Adjusted Diluted EPS(1) increased 19% to $0.95 from $0.80

Updated FY 2020 Outlook

Net sales expected to increase at the high end of the Companys estimate of mid-single digit growth Adjusted EBITDA including unconsolidated joint ventures(1) expected to be $965 million-$985 million, up from the previous estimate of $950... More