Lamb Weston (LW) Tops Q2 EPS by 3c, Offers Guidance

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Go back to Lamb Weston (LW) Tops Q2 EPS by 3c, Offers Guidance

Lamb Weston Reports Fiscal Second Quarter 2024 Results; Updates Fiscal Year 2024 Outlook

January 4, 2024 8:30 AM EST

Second Quarter Fiscal 2024 Highlights

GAAP and Non-GAAP results include a $71 million pre-tax charge(1) for the write-off of excess raw potatoes GAAP Results as Compared to Second Quarter Fiscal 2023: Net sales increased 36% to $1,732 million, including $376 million of incremental sales attributable to the LW EMEA Acquisition Income from operations increased 12% to $306 million Net income increased 109% to $215 million Diluted EPS increased 108% to $1.48 Non-GAAP Results as Compared to Second Quarter Fiscal 2023: Adjusted Income from Operations(2) increased 22% to $301... More