LW Stock Recent News

EAGLE, Idaho--(BUSINESS WIRE)--Lamb Weston Holdings, Inc. (NYSE: LW) announced the appointment of Norman Prestage to its Board of Directors, effective today. Mr. Prestage served as a partner at Ernst & Young, LLP, a professional services firm, until his retirement in June 2024. Mr. Prestage will also serve on the Board's Audit and Finance Committee. “Norm brings a wealth of experience to our Board,” said Tom Werner, President and CEO, Lamb Weston. “His extensive experience advising consumer.

NEW YORK, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Lamb Weston Holdings, Inc. (NYSE: LW) on behalf of long-term stockholders following a class action complaint that was filed against Lamb Weston on June 13, 2024 with a Class Period from July 25, 2023 to April 3, 2024. Our investigation concerns whether the board of directors of Lamb Weston have breached their fiduciary duties to the company.

Lamb Weston is facing challenges in commercial execution and supply chain operations, compounded by a global decline in demand for frozen fries.

Lamb Weston, an American food company that is one of the world's largest producers and processors of branded and private-label frozen potato products, is now a $9 billion (by market cap) food giant. To date, the company has increased its dividend for eight consecutive years, with a five-year dividend growth rate of 7.9%. Lamb Weston moved its revenue from $3.2 billion in FY 2017 to $6.5 billion in FY 2024.

I decided to go long on Lamb Weston Holdings despite recent disappointing quarters, believing short-term punishment is followed by long-term recovery. Lamb Weston, a major global frozen potato products provider, has shown substantial historical growth but faced significant setbacks in FY2024, impacting stock performance. Despite current challenges, I see potential for a 35-50% upside if management can stabilize operations and return to historical performance trends.

Lamb Weston stock faced significant declines post-3Q24 and 4Q24 earnings, but I remain confident in its long-term value due to strong product demand. French fries are highly profitable and popular, with global demand growth driven by quick-service restaurants and partnerships with giants like McDonald's. The ERP system transition caused major disruptions, leading to a 16% sales decline in 3Q24 and continued challenges in 4Q24.

Lamb Weston (LW) reported earnings 30 days ago. What's next for the stock?

LOS ANGELES, CA / ACCESSWIRE / August 17, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Lamb Weston Holdings, Inc. ("Lamb Weston" or "the Company") (NYSE:LW) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between July 25, 2023 and April 3, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before August 12, 2024.

LOS ANGELES, CA / ACCESSWIRE / August 16, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Lamb Weston Holdings, Inc. ("Lamb Weston" or "the Company") (NYSE:LW) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between July 25, 2023 and April 3, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before August 12, 2024.

LOS ANGELES, CA / ACCESSWIRE / August 15, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Lamb Weston Holdings, Inc. ("Lamb Weston" or "the Company") (NYSE:LW) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between July 25, 2023 and April 3, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before August 12, 2024.