Lamb Weston Reports Fiscal First Quarter 2019 Results; Reaffirms Fiscal Year 2019 Outlook
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Lamb Weston (LW) Tops Q1 EPS by 5c; Revenues Beat; Reaffirms FY19 Fiscal Outlook
October 2, 2018 8:32 AM EDTLamb Weston (NYSE: LW) reported Q1 EPS of $0.73, $0.05 better than the analyst estimate of $0.68. Revenue for the quarter came in at $915 million versus the consensus estimate of $880.1 million.
Net sales increased 12% to $915 millionIncome from operations increased 11% to $153 million; Adjusted Income from Operations(1) increased 9% to $153 millionAdjusted EBITDA including unconsolidated joint ventures(1) increased 11% to $213 millionDiluted EPS increased to $0.73 from... More