earnings
confidence high
sentiment positive
materiality 0.80
Lamb Weston Q1 net sales up 14% to $1.126B; EPS $1.60, adj $0.75; reaffirms FY23 outlook
Lamb Weston Holdings, Inc.
2023-Q1 EPS reported
$1.60
revenue$1,125,600,000
- Net sales +14% to $1.126B; income from operations +161% to $157M.
- Diluted EPS $1.60 (incl $0.85 items); Adjusted EPS $0.75, up 317% YoY.
- Reaffirms FY23 outlook: net sales $4.7-4.8B, adjusted EPS $2.45-$2.85, adj EBITDA $840-910M.
- Retail segment sales +28% to $169.6M; price/mix +32%; volume -4%.
- Acquired additional 40% interest in Argentina JV (LWAMSA) for $42.3M; now 90% owner.