Lamb Weston (LW) Tops Q3 EPS by 28c
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Lamb Weston Reports Fiscal Third Quarter 2022 Results; Updates Fiscal Year 2022 Outlook
April 7, 2022 8:30 AM EDTThird Quarter Fiscal 2022 Highlights
Compared to Third Quarter Fiscal 2021: Net sales increased 7% to $955 million Income from operations increased 33% to $134 million Net income increased 61% to $107 million Diluted EPS increased 62% to $0.73 from $0.45 Adjusted EBITDA including unconsolidated joint ventures(1) increased 31% to $220 million Capital Returned to Shareholders: Paid $34 million in cash dividends Repurchased $50 million of common stockUpdated Fiscal 2022 Outlook
Net sales growth above... More