Lamb Weston (LW) Tops Q1 EPS by 31c
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Lamb Weston Reports Fiscal First Quarter 2021 Results; Provides Update for Second Quarter of Fiscal Year 2021
October 7, 2020 8:30 AM EDTFirst Quarter 2021 Highlights
Net sales declined 12% to $872 million Income from operations declined 20% to $136 million, and includes $20 million of costs, net of CARES Act benefits, related to the COVID-19 pandemics impact on operations Net income declined 23% to $89 million EBITDA including unconsolidated joint ventures(1) declined 13% to $202 million, and includes $21 million of net costs related to the pandemics impact on operations Diluted EPS declined 23% to $0.61 Paid $34 million in dividends to shareholdersSecond Quarter of Fiscal Year 2021 Business Update (for 4 weeks ended September 25,... More
