Lamb Weston Q2: revenue $1,276.5M (+27%), adj EPS $1.28 (+172%); raises FY23 targets

Lamb Weston Holdings, Inc.

2023-Q2 EPS reported $2.32 revenue$2,402,100,000

Net sales $1,276.5M (+27% YoY); diluted EPS $0.71 (+223%); adjusted EPS $1.28 (+172%).
FY2023 outlook raised: Net sales $4.8-4.9B, adjusted EPS $3.75-4.00 (prior $2.45-2.85).
Quarterly dividend increased 14%; $35M returned to shareholders in Q2.
Pending acquisition of remaining interest in European JV LWM expected Q4 FY2023.
Volume down 3% due to supply chain disruptions; pricing actions offset cost inflation.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Lamb Weston Holdings, Inc. reported fiscal second quarter 2023 results: revenue $1,277 million, net income $103 million, EPS $0.71.

Period: fiscal second quarter 2023
Revenue: $1,277 million
Net income: $103 million
EPS: $0.71
Result: reported results

Exact text from the filing

Second Quarter Fiscal 2023 Highlights ● GAAP Results as Compared to Second Quarter Fiscal 2022: o Net sales increased 27% to $1,277 million o Income from operations increased 138% to $272 million o Net income increased 217% to $103 million o Diluted EPS increased 223% to $0.71

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Lamb Weston Holdings, Inc. reported fiscal year 2023 results: revenue $4.8 billion to $4.9 billion, net income $580 million to $620 million, EPS $4.03 to $4.28. Guidance raised.

Period: fiscal year 2023
Revenue: $4.8 billion to $4.9 billion
Net income: $580 million to $620 million
EPS: $4.03 to $4.28
Guidance: raised
Result: guidance update

Exact text from the filing

Updated Fiscal 2023 Outlook ● Net sales of $4.8 billion to $4.9 billion ● Net income of $580 million to $620 million, and Diluted EPS of $4.03 to $4.28

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Lamb Weston Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-000043

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