Citi Reiterates Buy Rating on Lamb Weston (LW)
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Lamb Weston Reports First Quarter Fiscal 2025 Results; Announces Restructuring Plan and Updates Fiscal Year 2025 Outlook
October 1, 2024 5:30 PM EDTFirst Quarter Fiscal 2025 Highlights
GAAP Results as Compared to First Quarter Fiscal 2024: Net sales declined 1% to $1,654 million Income from operations declined 34% to $212 million Net income declined 46% to $127 million Diluted EPS declined 45% to $0.88 Non-GAAP Results as Compared to First Quarter Fiscal 2024: Adjusted Income from Operations(1) declined 43% to $187 million Adjusted Net Income(1) declined 56% to $105 million Adjusted Diluted EPS(1) declined 55% to $0.73 Adjusted EBITDA(1) declined 30% to $290... More