Lamb Weston (LW) Tops Q2 EPS by 54c, Raises Guidance
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Lamb Weston Reports Fiscal Second Quarter 2023 Results; Updates Fiscal Year 2023 Outlook
January 5, 2023 8:30 AM ESTSecond Quarter Fiscal 2023 Highlights
GAAP Results as Compared to Second Quarter Fiscal 2022: Net sales increased 27% to $1,277 million Income from operations increased 138% to $272 million Net income increased 217% to $103 million Diluted EPS increased 223% to $0.71 Non-GAAP Results as Compared to Second Quarter Fiscal 2022: Adjusted Income from Operations(1) increased 114% to $245 million Adjusted Net Income(1) increased 171% to $185 million Adjusted Diluted EPS(1) increased 172% to $1.28 Adjusted EBITDA including unconsolidated joint ventures(1) increased 92% to $335... More