Shares of Lamb Weston Hldgs LW rose 2% in pre-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share were down 22.78% year over year to $0.61, which beat the estimate of $0.30.
Revenue of $871,500,000 declined by 11.88% year over year, which beat the estimate of $869,220,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
Date: Oct 07, 2020
Time: 10:00 AM
ET Webcast URL: https://globalmeet.webcasts.com/starthere.jsp?ei=1369199&tp_key=ee6a777918
Price Action
52-week high: $96.32
52-week low: $39.06
Price action over last quarter: Up 17.87%
Company Overview
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.