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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.
Lamb Weston's (LW) third-quarter fiscal 2024 results reflect the impacts of the implementation of a new enterprise resource planning system in North America and soft restaurant traffic, while pricing aids.
Lamb Weston (LW) came out with quarterly earnings of $1.20 per share, missing the Zacks Consensus Estimate of $1.40 per share. This compares to earnings of $1.43 per share a year ago.
The maker of frozen-potato products reported a disappointing quarter, and cut guidance because of Lamb Weston's rocky system transition.
Lamb Weston Holdings Inc.'s stock LW, -2.59% was down by 12.5% in premarket trading on Thursday after the potato grower blamed a slower-than-expected switch to a new enterprise resource planning system (ERP) for impacting its third-quarter results, as well as its outlook for the year. But the company said it has now solved the ERP problem.
Lamb Weston's (LW) third-quarter results are likely to reflect gains from pricing and capacity expansion endeavors amid cost and volume concerns.
Recently, Zacks.com users have been paying close attention to Lamb Weston (LW). This makes it worthwhile to examine what the stock has in store.
Lamb Weston (LW) concluded the recent trading session at $106.53, signifying a +0.22% move from its prior day's close.