Lamb Weston reports Q4 adj. EPS $1.22, up 91% YoY; FY2024 guidance $4.95-$5.40 EPS

Lamb Weston Holdings, Inc.

2023-FY EPS reported $6.95 revenue$5,350,600,000

Q4 net sales $1,695M (+47% YoY), GAAP EPS $3.40 vs $0.22; adjusted EPS $1.22 vs $0.64.
Global segment sales up 85% with acquisitions; price/mix +24%, volume -10% from strategic exits and softening traffic.
FY2023 full-year net sales $5,351M (+31%), adjusted diluted EPS $4.68 vs $1.92.
FY2024 outlook: net sales $6.7-6.9B, diluted EPS $4.95-$5.40, adjusted EBITDA $1.45-1.525B.
FY2023 capital return: $146M dividends and $45M stock repurchases.

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 0.9

Lamb Weston Holdings, Inc. reported Fourth Quarter Fiscal 2023 results: revenue $1,695 million, net income $499 million, EPS $3.40.

Period: Fourth Quarter Fiscal 2023
Revenue: $1,695 million
Net income: $499 million
EPS: $3.40
Result: reported results

Exact text from the filing

● GAAP Results as Compared to Fourth Quarter Fiscal 2022: o Net sales increased 47% to $1,695 million, which includes $381 million of incremental sales attributable to acquisitions o Income from operations increased 38% to $187 million o Net income increased to $499 million from $32 million o Diluted EPS increased to $3.40 from $0.22

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Lamb Weston Holdings, Inc. reported Fiscal 2024 results: revenue $6.7 billion to $6.9 billion, net income $725 million to $790 million, EPS $4.95 to $5.40. Guidance initiated.

Period: Fiscal 2024
Revenue: $6.7 billion to $6.9 billion
Net income: $725 million to $790 million
EPS: $4.95 to $5.40
Guidance: initiated
Result: guidance update

Exact text from the filing

● Net sales of $6.7 billion to $6.9 billion ● Net income of $725 million to $790 million, and Diluted EPS of $4.95 to $5.40

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Lamb Weston Holdings, Inc. reported Full Year Fiscal 2023 results: revenue $5,351 million, net income $1,009 million, EPS $6.95.

Period: Full Year Fiscal 2023
Revenue: $5,351 million
Net income: $1,009 million
EPS: $6.95
Result: reported results

Exact text from the filing

● GAAP Results as Compared to Full Year Fiscal 2022: o Net sales increased 31% to $5,351 million, which includes $421 million of incremental sales attributable to acquisitions o Income from operations increased 98% to $882 million o Net income increased to $1,009 million from $201 million o Diluted EPS increased to $6.95 from $1.38

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Source: SEC EDGAR

accession 0001558370-23-012180

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