Lamb Weston Reports Fiscal Second Quarter 2023 Results; Updates Fiscal Year 2023 Outlook
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Lamb Weston (LW) jumps after raising fiscal 2023 forecast, earnings top expectations
January 5, 2023 12:53 PM ESTLamb Weston (NYSE: LW) shares jumped 9% Thursday on the back of its fiscal second-quarter earnings release, which saw it top consensus estimates for profit and revenue.
The company's results were boosted by a 30% rise in price/mix, reflecting the benefit of product and freight pricing actions which countered input, manufacturing, and transportation cost inflation.
Revenue for the... More
Lamb Weston (LW) Tops Q2 EPS by 54c, Raises Guidance
January 5, 2023 8:33 AM ESTLamb Weston (NYSE: LW) reported Q2 EPS of $1.28, $0.54 better than the analyst estimate of $0.74. Revenue for the quarter came in at $1.28 billion versus the consensus estimate of $1.15 billion.
GUIDANCE:
Lamb Weston sees FY2023 EPS of $3.75-$4.00, versus the consensus of... More
