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, 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.