Lamb Weston Targets Q4 Net Sales Of $1.69B-$1.75B, Est $1.841B
Portfolio Pulse from Benzinga Newsdesk
Lamb Weston projects Q4 net sales to be between $1.69B-$1.75B, below the estimated $1.841B. The company anticipates Adjusted EBITDA of $350M-$375M, with earnings growth driven by higher net sales and Adjusted Gross Profit, despite Adjusted SG&A costs of $190M-$195M.
April 04, 2024 | 12:50 pm
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Lamb Weston projects lower than expected Q4 net sales but anticipates earnings growth driven by higher net sales and Adjusted Gross Profit, despite increased SG&A costs.
The projection of lower than expected Q4 net sales might initially concern investors, potentially putting downward pressure on the stock. However, the anticipated earnings growth driven by higher net sales and Adjusted Gross Profit, despite the increased SG&A costs, suggests a balanced outlook. The mixed nature of this news, with both positive and negative aspects, leads to a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100