Lamb Weston (LW) Down More Than 25% in 3 Months: Here's Why [Yahoo! Finance]
Lamb Weston Holdings, Inc. (LW)
Last lamb weston holdings, inc. earnings: 4/1 08:30 am
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lambweston.com/investors
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Source: Yahoo! Finance
Subdued near-term restaurant traffic continues to hurt the company's volumes. Unimpressively, Lamb Weston came out with soft results for the third quarter of fiscal 2024, following which it lowered its guidance for the fiscal. The Zacks Rank #5 (Strong Sell) company's shares have slumped 26.4% in the past three months compared with the industry's 1% decline. The stock underperformed the Zacks Consumer Staple sector's drop of 1.7% during this time. Let's delve deeper. Image Source: Zacks Investment Research High Costs a Hurdle Lamb Weston is witnessing increased selling, general & administrative (SG&A) expenses. The trend persisted in third-quarter fiscal 2024, with adjusted SG&A expenses escalating by $30.4 million to $164.4 million. The downside was primarily caused by incremental SG&A costs due to the consolidation of EMEA and increased expenses related to the enterprise resource planning system or ERP system transition, including non-cash amortization. Although the comp
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LW
News
- LW ALERT: Levi & Korsinsky Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by Lamb Weston Holdings, Inc.Accesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Lamb Weston Holdings, Inc. - LWGlobeNewswire
- Lamb Weston Holdings, Inc. (LW) Investors with Losses are Urged to Contact Levi & Korsinsky to Discuss Their RightsAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Lamb Weston Holdings, Inc. - LWPR Newswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Lamb Weston Holdings, Inc. - LWAccesswire
LW
Earnings
- 4/4/24 - Miss
LW
Sec Filings
- 4/4/24 - Form 10-Q
- 4/4/24 - Form 8-K
- 4/2/24 - Form 4
- LW's page on the SEC website