Lamb Weston Exec Expects Further Working Capital Improvements During The Balance Of The Year On Execution Of Restructuring Plan; To Record Most Of Restructuring Cost In Q2; Expects To Generate $55M Of Savings From Manufacturing, Supply Chain And SG&A Expenses From Restructuring Plan For FY
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Lamb Weston is executing a restructuring plan expected to improve working capital and generate $55 million in savings from manufacturing, supply chain, and SG&A expenses. Most restructuring costs will be recorded in Q2.
October 02, 2024 | 3:20 pm
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Lamb Weston is implementing a restructuring plan aimed at improving working capital and achieving $55 million in savings. The plan focuses on manufacturing, supply chain, and SG&A expenses, with most costs recorded in Q2.
The restructuring plan is expected to improve Lamb Weston's financial efficiency by reducing costs in key areas. The anticipated $55 million savings and improved working capital are positive indicators for the company's financial health, likely boosting investor confidence and stock price.
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