secwatch.observer — SEC 8-K summary
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Issuer:     Lamb Weston Holdings, Inc. (LW)
CIK:        0001679273
Form:       8-K
Filed at:   2023-10-05T23:59:59+00:00
Accession:  0001558370-23-016251
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679273/000155837023016251/0001558370-23-016251-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679273/000155837023016251/lw-20231005x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-016251

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer