Lamb Weston (LW) Misses Q1 EPS by 21c, Revenue Misses
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Lamb Weston Reports Fiscal First Quarter 2022 Results; Updates Fiscal Year 2022 Outlook
October 7, 2021 8:30 AM EDTFirst Quarter Fiscal 2022 Highlights
Net sales increased 13% to $984 million Income from operations declined 56% to $60 million Net income declined 67% to $30 million Diluted EPS declined 67% to $0.20 from $0.61 Adjusted EBITDA including unconsolidated joint ventures(1) declined 39% to $123 million Returned $60 million of cash to stockholders, including $34 million in dividends and $26 million in share repurchasesUpdated FY 2022 Outlook
Net sales growth above long-term target range of low-single digits Net income and Adjusted EBITDA including joint ventures(1) to be pressured... More