Lamb Weston (LW) Misses Q3 EPS by 6c, Sales Beat
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Lamb Weston Reports Fiscal Third Quarter 2021 Results; Provides Update for Fourth Quarter Fiscal Year 2021
April 7, 2021 8:30 AM EDTThird Quarter Fiscal 2021 Highlights, as Compared to Third Quarter Fiscal 2020
Net sales declined 4% to $896 million Income from operations declined 38% to $101 million Net income declined 41% to $66 million Diluted EPS declined 41% to $0.45 Adjusted EBITDA including unconsolidated joint ventures(1) declined 27% to $167 million Paid $34 million in dividends to shareholders Repurchased 164,678 shares for $13 millionFourth Quarter Fiscal 2021 Business Update (for 4 weeks ended March 28, 2021), as Compared to Fourth Quarter Fiscal 2019 Levels (2)
North America shipments were approximately 90% of fourth quarter fiscal 2019... More