Lamb Weston Reports Fiscal Third Quarter 2022 Results; Updates Fiscal Year 2022 Outlook
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Lamb Weston (LW) Tops Q3 EPS by 28c
April 7, 2022 8:35 AM EDTLamb Weston (NYSE: LW) reported Q3 EPS of $0.73, $0.28 better than the analyst estimate of $0.45. Revenue for the quarter came in at $955 million versus the consensus estimate of $976.89 million.
Fiscal 2022 Outlook:
The Company continues to expect fiscal 2022 net sales growth will be above its long-term target of low-to-mid single digits. The Company anticipates net sales growth in the fourth quarter of fiscal 2022 will be driven largely by price/mix, reflecting the Companys pricing actions to offset input and transportation cost inflation. The Company expects sales volumes in the fourth... More
