Lamb Weston: Q4 Earnings Insights

Shares of Lamb Weston Holdings LW fell 7% after the company reported Q4 results.

Quarterly Results

Earnings per share decreased 101.35% year over year to ($0.01), which missed the estimate of $0.15.

Revenue of $846,900,000 decreased by 15.56% from the same period last year, which beat the estimate of $798,330,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Lamb Weston Holdings hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Jul 28, 2020

Time: 10:00 AM

ET Webcast URL: https://globalmeet.webcasts.com/starthere.jsp?ei=1340585&tp_key=052fc53eda

Technicals

Company's 52-week high was at $96.32

Company's 52-week low was at $39.06

Price action over last quarter: Up 41.52%

Company Description

Lamb Weston is the world's second- largest producer of branded and private-label frozen potato products, such as French fries, sweet potato fries, tots, diced potatoes, mashed potatoes, hash browns, and chips. The company also has a small appetizer business that produces onion rings, mozzarella sticks, and cheese curds. While 80% of revenue are U.S.-based, the firm also sells its products in Canada, Japan, China, Korea, Mexico, and several other countries. About 86% of the firm's products are distributed into the food-service channel, while the remaining 14% is sold through retail. Lamb Weston became an independent company in 2016 when it was spun off from Conagra.