LW Stock Recent News

Zacks.com users have recently been watching Lamb Weston (LW) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

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Lamb Weston (LW) is grappling with higher cost inflation for key inputs. Soft restaurant traffic trends pose a threat to its volumes.

Lamb Weston, one of the world's largest producers of frozen French fries, recently reported its Q3'24 results (fiscal ends in May), with revenue and earnings missing the street expectations. The company reported revenue of $1.46 billion and adjusted earnings of $1.20 per share, compared to the consensus estimates of $1.63 billion, and $1.45, respectively.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Over 20% Crash, 60% Upside? A Deep Dive Into Lamb Weston's Dividend Potential

The "fry attachment rate" remains above historical levels, a positive sign for the economy.

A -2% pullback might be seen as a re-firming of saner valuations considering these myriad issues in play.

Lamb Weston delivered weaker-than-expected revenue and earnings for its fiscal third quarter. The leading frozen potato products company said it's already normalized fulfillment, but lowered full-year guidance.

Shares of Lamb Weston Holdings (LW) plunged 20% in intraday trading Thursday as the potato processor posted lower-than-expected quarterly profit and sales, and warned about full-year results because of problems with a new software system.