Welcome to our dedicated page for Lamb Weston Hold news (Ticker: LW), a resource for investors and traders seeking the latest updates and insights on Lamb Weston Hold stock.
Lamb Weston Holdings, Inc. supplies frozen potato products to restaurants and retailers around the world, with a portfolio anchored by french fries and related potato offerings such as sweet potato fries, tater tots, diced potatoes, mashed potatoes and hash browns. News about LW commonly centers on fiscal results, sales volume and price/mix trends, North America and international demand, customer wins, operating efficiency programs, capital expenditures and dividend declarations.
Company updates also include investor conference participation, shareholder engagement, board and executive compensation actions, and NYSE-required announcements for employment inducement equity awards. Recent disclosures have also addressed manufacturing footprint decisions and cost-reduction initiatives tied to its global frozen potato supply chain.
Lamb Weston Holdings (NYSE: LW) has announced plans to expand its french fry processing capacity in China, investing approximately $250 million in a new facility in Ulanqab, Inner Mongolia. This facility will produce over 250 million pounds of frozen potato products annually and create around 280 full-time jobs. The expansion reflects Lamb Weston’s commitment to the growing Chinese market. Additionally, the company declared a quarterly dividend of $0.235 per share, payable on June 4, 2021, to stockholders of record as of May 7, 2021.
Lamb Weston Holdings (NYSE: LW) will announce its fiscal Q3 2021 financial results on April 7, 2021, with a news release scheduled for 8:30 a.m. EDT. A conference call will follow at 10 a.m. EDT, where management will discuss the results. Interested parties can participate by calling the appropriate numbers or accessing the call online. Additionally, a rebroadcast will be available on April 8, 2021, after 2 p.m. EDT. Lamb Weston is a leading supplier of frozen vegetable products, known for innovation and quality in the food industry.
Lamb Weston Holdings (NYSE: LW) has promoted John Hatto to Senior Vice President of Strategy & Growth, effective January 25, 2021. Hatto brings over 30 years of food and beverage industry experience, having recently served as Vice President of Sales for the Foodservice Business Unit at Lamb Weston. He has been instrumental in driving growth since joining the company in 2015. CEO Tom Werner expressed confidence in Hatto's ability to lead the company's long-term strategic and growth initiatives.
Lamb Weston Holdings (NYSE: LW) reported Q2 2021 results with net sales of $896.1 million, down 12% year-over-year, primarily due to a 14% decline in volume linked to COVID-19 restrictions. Income from operations decreased 28% to $139.6 million, while net income fell 31% to $96.9 million, reflecting higher manufacturing costs. Despite near-term pressures, the company anticipates improved restaurant traffic this year as vaccine distribution progresses. Lamb Weston announced a 2% dividend increase and plans to resume its share repurchase program, reaffirming confidence in its long-term outlook.
The Board of Directors of Lamb Weston Holdings (NYSE:LW) has declared a quarterly dividend of $0.235 per share, which represents a two-cent annualized increase. This dividend will be payable on March 5, 2021, to stockholders of record as of the close of business on February 5, 2021. Lamb Weston is a prominent supplier of frozen potato products and is recognized for its commitment to innovation in the food industry.
Lamb Weston Holdings, Inc. (NYSE: LW) will release its Q2 2021 financial results on January 7, 2021, at 8:30 a.m. EST. A conference call will follow at 10:30 a.m. EST to discuss the results. Participants can access the call via phone or online, with a confirmation code of 2685679. A rebroadcast will be available the next day after 2 p.m. ET. Lamb Weston is a leading supplier of frozen potato products, committed to innovation and customer partnerships in the food industry.
Lamb Weston Holdings reported fiscal Q1 2021 results with net sales of $871.5 million, down 12% year-over-year. The decline is attributed to a 14% drop in volume due to reduced demand for frozen potato products during the pandemic. However, price/mix improved by 2%. Income from operations fell 20% to $135.7 million, impacting net income, which decreased 23% to $89.3 million. EBITDA declined 13% to $201.8 million. Despite these challenges, the company experienced a 19% increase in retail net sales, indicating strong in-home consumption.