Lamb Weston Hold Stock Price, News & Analysis

Lamb Weston Holdings, Inc. (NYSE: LW) has announced the appointment of Sylvia Wilks as its new Chief Supply Chain Officer. Wilks, with over 30 years of supply chain experience in various industries, will lead the company's global supply chain operations, including manufacturing, procurement, engineering, and continuous improvement.

Wilks joins Lamb Weston from REI, where she served as their first Chief Supply Chain Officer, implementing strategies that reduced costs and improved service levels. Her previous experience includes supply chain leadership roles at TireHub , Kimberly-Clark , and Starbucks

Mike Smith, Chief Operating Officer at Lamb Weston, expressed confidence in Wilks' ability to bring valuable expertise to the team, particularly in food and beverage manufacturing and customer-centric focus.

Lamb Weston Holdings (NYSE: LW) reported disappointing Q4 FY2024 results with net sales declining 5% to $1,612 million. For the full year FY2024, net sales increased 21% to $6,468 million, including $1,107 million from acquisitions. The company faced challenges including market share losses, softening restaurant traffic, and a voluntary product withdrawal.

Key financial highlights for FY2024:

• Net income declined 28% to $726 million
• Adjusted EBITDA increased 13% to $1,417 million
• Diluted EPS declined 28% to $4.98

For FY2025, Lamb Weston expects net sales of $6.6-$6.8 billion and Adjusted EBITDA of $1,380-$1,480 million. The company anticipates a challenging year ahead due to global restaurant traffic softening and supply-demand imbalances in North America and Europe.

Lamb Weston Holdings (NYSE: LW), a leading potato products company, has announced a quarterly dividend of $0.36 per share of common stock. The dividend will be paid on August 30, 2024, to stockholders of record at the close of business on August 2, 2024. This announcement demonstrates Lamb Weston's commitment to returning value to shareholders and reflects the company's financial stability. The consistent dividend payout suggests confidence in the company's future cash flow and operational performance.

BetterInvesting Magazine's Editorial Advisory and Securities Review Committee has announced Paycom Software Inc. (NYSE: PAYC) as its 'Stock to Study' and Lamb Weston Holdings Inc. (NYSE: LW) as its 'Undervalued Stock' for the October 2024 issue. The committee, comprised of certified financial analysts, aims to provide investors with informational and educational resources for stock selection and analysis.

The announcement comes amid record-breaking market highs, with BetterInvesting CEO Ken Zendel emphasizing the importance of evaluating individual company fundamentals and reviewing portfolio risk. Investors can access more details about these stocks in the October 2024 issue of BetterInvesting Magazine, with non-members able to use a trial version of BetterInvesting's online tools to study the investment potential of both companies.

Lamb Weston Holdings (NYSE: LW) has released its fifth annual Global Sustainability Report for fiscal year 2023. This comprehensive report consolidates the newly integrated operations in Europe, the Middle East, and Africa, following an acquisition in February 2023. Key highlights include the company's progress in three main areas: People, Food, and Planet. The report details initiatives focused on team member development, community wellbeing, responsible production of high-quality potato products, and environmental sustainability through regenerative agricultural programs and efficient manufacturing processes. New long-term sustainability targets are also set, along with a final update on the previously reported 2030 goals.

Lamb Weston Holdings (NYSE: LW) will release its fiscal 2024 Q4 and full-year financial results on July 24, 2024, at 8:30 a.m. EDT. A conference call to discuss these results will follow at 10:00 a.m. EDT. U.S. and Canadian participants can dial 888-204-4368, while international participants should use 1-323-794-2551, with the conference ID 4529601. The call will also be streamed live online, and a rebroadcast will be available on July 25, 2024, after 2:00 p.m. EDT at Lamb Weston's investor relations website.