Lamb Weston Holdings, Inc. (LW) News
Filter LW News Items
LW News Results
|Loading, please wait...|
LW News Highlights
- LW's 30 day story count now stands at 26.
- Over the past 15 days, the trend for LW's stories per day has been choppy and unclear. It has oscillated between 1 and 14.
- KKR, TOPS and RPM are the most mentioned tickers in articles about LW.
Latest LW News From Around the Web
Below are the latest news stories about Lamb Weston Holdings Inc that investors may wish to consider to help them evaluate LW as an investment opportunity.
Barclays Stick to Their Buy Rating for Lamb Weston Holdings
Shares of Lamb Weston Holdings dipped 3.6% to close at $77.99 on April 7 after the food processing company reported lower-than-expected fiscal 3Q earnings, impacted by higher costs. Meanwhile, revenues outpaced analysts’ expectations. Lamb Weston’s (LW) 3Q net sales declined 4% on a year-over-year basis to $896 million but topped analysts’ expectations of $816.45 million. Adjusted earnings decreased 41% to $0.45 per share and missed the Street estimates of $0.51 per share. The company’s SG&A expenses grew 9.3% in the quarter, while interest expenses surged 16.3%. Sales volume dropped 6% as pandemic-driven restrictions resulted in lower demand.
U.S. futures were stronger on Thursday as minutes from last month’s Federal Reserve meeting indicated that further progress on the economic recovery would need to be made before the massive bond-buying program could be scaled back. Dow futures were trading flat, S&P futures were 0.3% higher and NASDAQ futures were leading the way, up around 0.93% at the time of writing. Investors are waiting for earnings results from Constellation Brands (STZ), ConAgra Foods (CAG) and Apogee (APOG) before the bell, while WD-40 (WDFC), PriceSmart (PSMT) and Kush Bottles (KSHB) are expected to report after the market closes. Castor Maritime (CTRM) was the most actively traded stock in the pre-market with over three million shares having already changed hands. The stock looked set to open around 4% lower a...
Lamb Weston (LW) says COVID-19 continued to significantly disrupt its manufacturing and distribution operations across the entire supply chain network, which resulted in higher costs in FQ3. Sales were down 4% during the quarter and volume was off 6%. Adjusted EBITDA of $167.1M fell short of the consensus mark of...
Lamb Weston (LW): FQ3 Non-GAAP EPS of $0.45 misses by $0.06; GAAP EPS of $0.45 misses by $0.08.Revenue of $895.8M (-4.4% Y/Y) beats by $79.35M.CEO commnet: “In the coming months, we believe the gradual improvement in frozen potato demand will continue to the extent governments further lift social restrictions, and...
Lamb Weston Holdings, Inc. (LW) Q3 2021 Earnings Conference Call April 7, 2021 10:00 AM ET Company Participants Dexter Congbalay - Vice President of Investor Relations Tom Werner - President and Chief Executive Officer Robert McNutt - Senior Vice President and Chief Financial Officer Conference Call Participants Andrew Lazar -...
Photo by WiktorD/iStock via Getty Images Introduction Lamb Weston (LW) is one of the world's largest producer of processed potato products (including fries, hash browns, etc.). As the company's B2B division remains under pressure worldwide, FY 2021 (which will end in May) won't be a great year. But despite the...
Jefferies Stick to Their Hold Rating for Lamb Weston Holdings
Shares of Lamb Weston Holdings Inc. undefined sold off 3.0% in premarket trading Wednesday, after the frozen potato products seller reported fiscal…
Lamb Weston's (LW) third-quarter fiscal 2021 results reflect a decline in earnings and sales due to lower demand in the away-from-home channel. Also, COVID-19 costs remain high.