Lamb Weston (LW) Tops Q4 EPS by 17c, Offers Guidance

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Go back to Lamb Weston (LW) Tops Q4 EPS by 17c, Offers Guidance

Lamb Weston Reports Fiscal Fourth Quarter and Full Year 2023 Results; Provides Fiscal Year 2024 Outlook

July 25, 2023 8:30 AM EDT

Fourth Quarter Fiscal 2023 Highlights

GAAP Results as Compared to Fourth Quarter Fiscal 2022: Net sales increased 47% to $1,695 million, which includes $381 million of incremental sales attributable to acquisitions Income from operations increased 38% to $187 million Net income increased to $499 million from $32 million Diluted EPS increased to $3.40 from $0.22 Non-GAAP Results as Compared to Fourth Quarter Fiscal 2022: Adjusted Income from Operations(1) increased 78% to $242 million Adjusted Net Income(1)increased 90% to $178 million Adjusted Diluted EPS(1) increased 91% to $1.22 from $0.64 Adjusted EBITDA... More