earnings
confidence high
sentiment neutral
materiality 0.77
Lamb Weston Q4 net sales up 14% to $1.15B; guides FY2023 sales $4.7-4.8B
Lamb Weston Holdings, Inc.
2022-FY EPS reported
$1.38
revenue$4,098,900,000
- Q4 adjusted diluted EPS $0.65, up 48% YoY; GAAP EPS $0.22 due to $62.7M Russia impairment charge.
- Full year FY2022 net sales $4.10B (+12%), adjusted EPS $2.08 (-4%); operating income down 6%.
- FY2023 outlook: net sales $4.7-4.8B, diluted EPS $2.45-2.85, adjusted EBITDA $840-910M.
- Foodservice segment Q4 net sales +21% to $388M; Global +10%; Retail +20%.
- Increased ownership in Argentina joint venture LWAMSA to 90% for ~$42M; $138M dividends & $151M buybacks in FY2022.