secwatch.observer — SEC 8-K summary
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Issuer:     Lamb Weston Holdings, Inc. (LW)
CIK:        0001679273
Form:       8-K
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0001679273-24-000017
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ERP transition and potato write-off hit Lamb Weston's Q3; FY2024 outlook slashed
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- Q3 GAAP EPS $1.01 (-17% YoY); adjusted EPS $1.20 (-18%); net sales $1,458M (+16% but organic -12%).
- ERP transition cut Q3 sales ~$135M and Adj. EBITDA ~$95M; order fulfillment issues resolved by quarter-end.
- $25M pre-tax charge for excess raw potato write-off in Q3; full-year charge $95.9M.
- FY2024 guidance cut: net sales $6.54-6.60B (from $6.8-7.0B); adj. EPS $5.50-5.65 (from $5.70-6.15).
- North America segment Adj. EBITDA down 14% to $285.9M; International up 88% to $101.7M on LW EMEA consolidation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679273/000167927324000017/0001679273-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679273/000167927324000017/lw-20240404.htm
  HTML page:      https://secwatch.observer/filing/0001679273-24-000017

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