Lamb Weston Cuts FY24 Net Sales Target Range From $6.8B-$7.0B To $6.54B-$6.60B (Est $6.883B), Adj EPS Outlook From $5.70-$6.15 To $5.50-$5.65 (Est $6.01)
Portfolio Pulse from Benzinga Newsdesk
Lamb Weston has revised its FY24 financial forecasts, lowering its net sales target from $6.8B-$7.0B to $6.54B-$6.60B, below the estimated $6.883B. Additionally, the adjusted EPS outlook has been reduced from $5.70-$6.15 to $5.50-$5.65, compared to the estimated $6.01.
April 04, 2024 | 12:48 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Lamb Weston has lowered its FY24 net sales and adjusted EPS forecasts, indicating potential challenges ahead.
The downward revision in both net sales and adjusted EPS forecasts for FY24 suggests that Lamb Weston may face operational or market challenges that could negatively impact its financial performance. This revision, especially being below the estimated figures, is likely to create a negative sentiment among investors, potentially leading to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100