Lamb Weston Q4 Earnings Beats Estimates, Projects Solid Sales Growth Ahead
Portfolio Pulse from Nabaparna Bhattacharya
Lamb Weston Holdings, Inc. (NYSE:LW) reported Q4 net sales of $1.695 billion, up 47% YoY, beating the analyst consensus of $1.660 billion. Adjusted EPS increased 91% to $1.22, beating the analyst consensus of $1.05. The company expects net sales of $6.7 billion-$6.9 billion for FY24. Despite the positive earnings report, LW shares are trading lower by 6.79% to $105.04.
July 25, 2023 | 3:52 pm
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NEGATIVE IMPACT
Despite beating Q4 estimates and projecting solid sales growth for FY24, Lamb Weston's stock is trading lower.
Lamb Weston reported strong Q4 results and positive outlook for FY24, which would typically drive the stock price up. However, the stock is trading lower, possibly due to market factors or investor sentiment not reflected in the earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100