Why Lamb Weston's Shares Jumped 12% Today [The Motley Fool]
Lamb Weston Holdings, Inc. (LW)
Last lamb weston holdings, inc. earnings: 4/1 08:30 am
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Source: The Motley Fool
Why Lamb Weston's Shares Jumped 12% Today The maker of frozen potato products avoided a poor harvest through a combination of weather-based luck and operating skill. Shares of Lamb Weston ( NYSE:LW ) rose as much as 12.3% on Friday, boosted by a strong second-quarter earnings report. By 2:30 p.m. EST, the food processing company's stock had cooled down to a gain of 11%. The Idaho-based frozen potato products specialist saw second-quarter sales rise 12% year over year, landing at $1.02 billion. Adjusted earnings increased by 19% to $0.95 per diluted share. Your average analyst would have settled for earnings near $0.84 per share on revenue in the neighborhood of $965 million. Investors and analysts were expecting soft sales growth due to a poor potato-growing season in places like Minnesota and Canada, but Lamb Weston's farms in Idaho and the Columbia Basin were unaffected, allowing the company to keep the french-fry factories running at full speed in the second quarter. CEO Tom Werne
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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