Lamb Weston (LW) Tops Q1 EPS by 26c, Offers Guidance

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Go back to Lamb Weston (LW) Tops Q1 EPS by 26c, Offers Guidance

Lamb Weston Reports Fiscal First Quarter 2023 Results; Reaffirms Fiscal Year 2023 Outlook

October 5, 2022 8:30 AM EDT

First Quarter Fiscal 2023 Highlights

Compared to First Quarter Fiscal 2022: Net sales increased 14% to $1,126 million Income from operations increased 161% to $157 million Net income increased 678% to $232 million and Diluted EPS increased 700% to $1.60, including items impacting comparability of $161.4 million ($123.7 million after-tax, or $0.85 per share) Adjusted Net Income(1) increased 315% to $108 million and Adjusted Diluted EPS(1) increased 317% to $0.75 Adjusted EBITDA including unconsolidated joint ventures(1) increased 92% to $228 million Capital Returned to Shareholders: Paid $35 million in cash... More