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. (NYSE: LW) is a supplier of frozen potato and sweet potato products to restaurants and retailers around the world. The Lamb Weston (LW) news page on Stock Titan aggregates company announcements, earnings releases, strategic updates, and other disclosures so investors can follow how the business is evolving over time.
Recent Lamb Weston news has highlighted the company’s Focus to Win strategic plan, which is aimed at improving execution and driving profitable growth, as well as its Cost Savings Program. Earnings releases for fiscal 2025 and fiscal 2026 quarters provide detail on net sales, segment performance in North America and International markets, volume trends, price/mix dynamics, and the impact of cost savings initiatives and manufacturing efficiency. These updates also discuss the use of non-GAAP financial measures such as Adjusted EBITDA and net sales at constant currency.
Operational news includes developments in Lamb Weston’s global manufacturing network. The company has reported the opening of a state-of-the-art frozen potato production facility in Mar del Plata, Argentina to serve Latin America, and later announced plans to close its Munro, Argentina plant and consolidate production into the new facility as part of efforts to improve operating efficiency. Other releases describe temporary curtailments of production lines and the completion of major growth investments in regions such as Argentina, the Netherlands, and the U.S.
Corporate and capital allocation news items cover quarterly dividends on Lamb Weston common stock, dividend increases authorized by the Board of Directors, and share repurchases under the company’s repurchase program. Governance-related news includes information about the annual meeting of stockholders, voting results, and a Cooperation Agreement with certain shareholders that led to changes in the Board’s composition and committee structure.
By reviewing the LW news feed, readers can track how Lamb Weston’s strategy, manufacturing footprint, financial performance, and governance framework are communicated through official press releases and SEC-related announcements.
Lamb Weston Holdings reported robust second quarter fiscal 2023 results, highlighting a 27% increase in net sales to $1,277 million and a 217% rise in net income to $103 million. Diluted EPS surged 223% to $0.71. Adjusted results also reflected impressive growth with Adjusted EBITDA rising 92% to $335 million. The company has raised its fiscal 2023 outlook, projecting net sales between $4.8 billion and $4.9 billion. Despite strong financial performance, challenges include supply chain constraints and inflation affecting volume in the second half.
Lamb Weston Holdings, Inc. (NYSE: LW) announced a 14% increase in its quarterly dividend, now set at
Lamb Weston Holdings, Inc. (NYSE: LW) is set to announce its fiscal Q2 2023 financial results on January 5, 2023, at approximately 8:30 a.m. EST. A conference call will follow at 10:00 a.m. EST for discussion and analysis. U.S. participants can join by calling 888-394-8218, while international participants can dial +1-323-994-2093 with conference ID 2903271. The call will also be available for live streaming online and accessible for rebroadcast on January 6, 2023, post 2:00 p.m. EST.
Lamb Weston (NYSE: LW) announced a definitive agreement to acquire the remaining equity interests in its European joint venture with Meijer Frozen Foods B.V. for €700 million, consisting of €525 million in cash and €175 million in common stock. This acquisition aims to enhance Lamb Weston’s manufacturing capabilities across Europe, the Middle East, and Africa, and is expected to close in the second half of fiscal 2023, subject to regulatory approvals. The transaction will consolidate Lamb-Weston/Meijer’s operations, which generated approximately €954 million in net sales in fiscal 2022.
Lamb Weston Holdings reported a strong first quarter FY 2023 with net sales up 14% to $1,126 million, driven by pricing actions despite a 5% volume decline due to softer restaurant traffic. Net income surged 678% to $232 million, resulting in a diluted EPS increase of 700% to $1.60. Adjusted metrics also saw substantial growth, with Adjusted Net Income rising 315% to $108 million. The company reaffirmed its full-year outlook, projecting net sales between $4.7 billion and $4.8 billion and diluted EPS of $3.30 to $3.70.
The Board of Directors of Lamb Weston Holdings (NYSE: LW) declared a quarterly dividend of $0.245 per share, payable on December 2, 2022. Stockholders of record as of the close of business on November 4, 2022 will receive this dividend. The company, a leading supplier of frozen potato products, continues its tradition of innovation, enhancing offerings for restaurants and retailers worldwide.
Lamb Weston Holdings, Inc. (NYSE: LW) will announce its fiscal first quarter 2023 financial results on October 5, 2022, at approximately 8:30 a.m. ET. A conference call to discuss these results will follow at 10:00 a.m. ET, with access available via phone and online. The call can be joined from the U.S. and Canada by dialing 888-204-4368, or +1-323-994-2093 for international participants.
A rebroadcast of the call will be available after 2 p.m. ET on October 7, 2022.
Lamb Weston Holdings (NYSE: LW) announced plans to expand its french fry processing capacity by constructing a new facility in Mar del Plata, Buenos Aires, Argentina. The company is increasing its stake in its South American joint venture from 50% to 90%. The new facility aims to produce over 200 million pounds of frozen products annually to serve the $2 billion South American market, adding approximately 250 jobs. The $240 million investment is expected to be completed by mid-2024, enhancing production capacity alongside an existing facility in Buenos Aires.
Lamb Weston reported Q4 2022 net sales of $1,153 million, up 14% year-over-year. Income from operations increased 38% to $136 million, while net income fell 51% to $32 million. Adjusted net income rose 45% to $95 million, leading to an adjusted diluted EPS of $0.65, up 48%. For the full year, net sales rose 12% to $4,099 million, though income from operations declined 6%. The outlook for FY 2023 anticipates net sales between $4.7 billion and $4.8 billion and diluted EPS of $2.45 to $2.85.
The Board of Directors of Lamb Weston Holdings (NYSE: LW) has declared a quarterly dividend of