Lamb Weston Q1: sales +48% to $1.67B, adj EPS $1.63; raises FY2024 outlook

Lamb Weston Holdings, Inc.

2024-Q1 EPS reported $1.60 revenue$1,665,300,000

Net sales $1,665M (+48% YoY); GAAP diluted EPS flat at $1.60; adj diluted EPS $1.63 (+109%).
Raised FY2024 outlook: adj diluted EPS $5.50-$5.95 (prev $4.95-$5.40); adj EBITDA $1.54B-$1.62B.
North America segment sales +19%; International segment sales +212% reflecting acquisitions.
Repurchased $100M of stock (992,365 shares at avg $100.77); paid $41M in dividends.
Gross profit +106% to $323M; volume down 8% due to exiting lower-margin business.

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 0.98

Lamb Weston Holdings, Inc. reported the first quarter of fiscal 2024 results: revenue $1,665 million, net income $235 million, EPS $1.60. Guidance raised.

Period: the first quarter of fiscal 2024
Revenue: $1,665 million
Net income: $235 million
EPS: $1.60
Guidance: raised
Result: reported results

Exact text from the filing

2024 Results; Raises Fiscal Year 2024 Outlook First Quarter Fiscal 2024 Highlights ● GAAP Results as Compared to First Quarter Fiscal 2023: o Net sales increased 48% to $1,665 million, which includes $375 million of incremental sales attributable to acquisitions o Income from operations increased 106% to $323 million o Net income increased to $235 million from

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Source: SEC EDGAR

accession 0001558370-23-016251

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