Lamb Weston Q2 EPS $1.48 (+108%); raises FY EPS view to $5.70-6.15; dividend +29%

Lamb Weston Holdings, Inc.

2024-Q2 EPS reported $3.08 revenue$3,397,400,000

Q2 net sales $1.73B (+36% YoY), including $376M from EMEA acquisition; organic sales +6%.
GAAP diluted EPS $1.48 vs $0.71; adjusted diluted EPS $1.45 vs $1.26, up 15%.
Includes $70.9M pre-tax charge for excess raw potato write-off, impacting segments.
Raises FY2024 GAAP net income view to $830-900M, adjusted EPS to $5.70-6.15; reaffirms adj. EBITDA $1.54-1.62B.
Quarterly dividend increased 29% to $0.36/share; $50M in stock buybacks during Q2.

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 second quarter of fiscal 2024 results: net income $215.0 million, EPS $1.48. Guidance raised.

Period: second quarter of fiscal 2024
Net income: $215.0 million
EPS: $1.48
Guidance: raised
Result: reported results

Exact text from the filing

Lamb Weston Holdings, Inc. announced its financial results for the fiscal second quarter 2024. A copy of the press release is furnished as Exhibit 99.1 to this report and incorporated herein by reference.

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Source: SEC EDGAR

accession 0001558370-24-000043

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