Lamb Weston Holdings Inc
- Lamb Weston plunged 27% to $57.44 after the french fry maker reported a decline in revenue and earnings in its latest quarter.
Revenue in the fiscal fourth quarter ending in May declined 5% to $1.61 billion from $1.69 billion, net income plunged 74% to $129.6 million from $498.8 million, and diluted earnings per share dropped to 89 cents from $3.40 a year ago.
The food processing company estimated fiscal 2025 revenue between $6.6 billion and $6.8 billion, net income between $630 million and $685 million, and diluted earnings per share between $4.35 and $4.85.
"The operating environment has changed rapidly over the past twelve months as global restaurant traffic and frozen potato demand softened due to menu price inflation continuing to negatively affect global restaurant traffic.
This has resulted in an increase in available capacity in North America and Europe. We believe this supply-demand imbalance will persist through much, if not all, of fiscal 2025," said chief executive Tom Werner in a statement released to investors.
Jul 24, 2024 - Lamb Weston said quarterly sales rose 28% to $1.28 billion and net income increased to $103.1 million from $32.5 million and diluted earnings per share rose to 71 cents from 22 cents a year ago.
Jan 5, 2023
| Year | Aug | Nov | Feb | May | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 1.21 | 3.43 | 1.60 | 1.48 | - | |
| 2022 | - | 1.38 | 1.60 | 0.71 | 6.95 | |
| 2021 | 0.45 | 0.44 | 0.20 | 0.42 | 1.38 | |
| 2020 | 0.76 | -0.01 | 0.61 | 0.66 | 2.16 | |
| 2019 | 0.95 | 0.76 | 0.79 | 0.95 | 2.49 | |
| 2018 | 1.06 | 0.68 | 0.73 | 0.74 | 3.18 | |
| 2017 | 0.59 | 0.51 | 0.57 | 0.54 | 2.21 | |
| 2016 | - | - | 0.54 | 0.63 | 0.63 | |
| 2015 | - | - | - | - | - | |
| 2014 | - | - | - | 0.00 | 0 |