Lamb Weston (LW) Tops Q2 EPS by 17c
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Lamb Weston Reports Fiscal Second Quarter 2022 Results; Updates Fiscal Year 2022 Outlook
January 6, 2022 8:30 AM ESTSecond Quarter Fiscal 2022 Highlights
Compared to Second Quarter Fiscal 2021: Net sales increased 12% to $1,007 million Income from operations declined 18% to $114 million Net income declined 66% to $33 million Diluted EPS declined 67% to $0.22 from $0.66 Adjusted Diluted EPS(1) declined 24% to $0.50 from $0.66 Adjusted EBITDA including unconsolidated joint ventures(1) declined 15% to $181 million Capital Return to Shareholders: Paid $34 million in cash dividends and announced a 4% increase in the quarterly dividend Repurchased $50 million of common stock and... More