secwatch.observer — SEC 8-K summary
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Issuer:     Lamb Weston Holdings, Inc. (LW)
CIK:        0001679273
Form:       8-K
Filed at:   2021-10-07T23:59:59+00:00
Accession:  0001558370-21-013051
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lamb Weston Q1 EPS $0.20 (-67% YoY); cuts FY2022 outlook, margins pressured through year
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- Net sales up 13% to $984M, but income from operations down 56% to $60.2M; diluted EPS $0.20 vs $0.61.
- Adjusted EBITDA including JVs down 39% to $123.4M; foodservice volume up 35% but retail down 15%.
- FY2022 outlook: net income and EBITDA pressured; gross margins to remain below pre-pandemic levels; no longer expects H2 recovery.
- Reduced capex guidance to ~$450M from $650-700M; effective tax rate cut to ~22%.
- Returned $60.4M to shareholders: $34.4M dividends and $26.0M share repurchases (avg price $65.86).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679273/000155837021013051/0001558370-21-013051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679273/000155837021013051/lw-20211007x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-013051

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer