Lamb Weston (LW) Misses Q4 EPS by 17c
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Lamb Weston Reports Fiscal Fourth Quarter 2020 Results; Provides Update for First Quarter of Fiscal Year 2021
July 28, 2020 8:30 AM EDTFourth Quarter 2020 Highlights (includes the contribution of an additional sales week versus the prior year)
Net sales declined 16% to $847 million Income from operations declined 79% to $31 million, and includes $58 million of net costs related to the COVID-19 pandemics impact on operations Net income declined $112 million to a loss of $2 million Adjusted EBITDA including unconsolidated joint ventures(1) declined 64% to $78 million, and includes$74 million of net costs related to the pandemics impact on operations Diluted EPS declined $0.76 to a loss of $0.01 from $0.75 Adjusted Diluted... More
