Lamb Weston (LW) Tops Q2 EPS by 4c
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Lamb Weston Reports Fiscal Second Quarter 2021 Results; Provides Update for Third Quarter of Fiscal Year 2021
January 7, 2021 8:30 AM ESTSecond Quarter 2021 Highlights
Net sales declined 12% to $896 million Income from operations declined 28% to $140 million Diluted EPS declined 31% to $0.66 EBITDA including unconsolidated joint ventures(1) declined 18% to $213 million Paid $34 million in dividends to shareholders and announced a 2% increase in quarterly dividend Plan to resume share repurchase program in January 2021Third Quarter of Fiscal Year 2021 Business Update (for 4 weeks ended December 27, 2020)
North America and Europe shipments were each approximately 85% of prior-year levels, and will remain soft during the remainder of... More