earnings
confidence high
sentiment negative
materiality 0.90
Lamb Weston Q1 EPS $0.88 (-45%); announces restructuring; cuts FY25 adj. EPS outlook to $4.15-$4.35
Lamb Weston Holdings, Inc.
2025-Q1 EPS reported
$0.88
revenue$1,654,100,000
- Net sales $1,654M (-1%); net income $127M (-46%); diluted EPS $0.88 (-45%); adjusted EPS $0.73 (-55%).
- Restructuring: closing Connell, WA facility, temporary production curtailments, ~4% workforce reduction.
- Restructuring expected to generate ~$55M pre-tax cost savings and $100M capex reduction in FY25.
- Total estimated pre-tax restructuring charges of $200M-$250M, most in Q2 FY25.
- Updated FY25 targets: Adj. EBITDA at low end of $1,380M-$1,480M; Adj. EPS cut to $4.15-$4.35 from $4.35-$4.85.