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Lamb Weston Q1 FY27 sales $1.67B, adj EPS $0.75; raises FY27 adjusted EBITDA outlook to $1.125-1.215B
Q1 FY27 net sales rose 1% YoY to $1.67B; net income fell 55% to $29M, adjusted net income flat at $103M, and adjusted EBITDA declined 5% to $286M.
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Lamb Weston Q4 net sales up 6% but net income down 9%; FY2026 adjusted EBITDA beats guidance; FY2027 outlook provided
Full-year FY2026 net sales $6,612M (+2% YoY), above guidance of $6,550M; adjusted EBITDA $1,147M, above $1,140M guidance.
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Lamb Weston to close Netherlands plant, expects $80-110M pre-tax charges
Board committed to close manufacturing facility in Broekhuizenvorst, the Netherlands.
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Lamb Weston Q3 adj. EPS $0.72, down 37% YoY; raises FY2026 guidance
Net sales $1,564.8M (+3% YoY), diluted EPS $0.39 (-62% YoY), adj. diluted EPS $0.72 (-37% YoY).
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Lamb Weston appoints Craps Executive Chair (Feb 6) and Gray CFO (Apr 2)
Jan Craps appointed Executive Chair effective Feb 6; previously CEO of Budweiser APAC.
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Lamb Weston closing Argentina plant; expects $50M-$60M charges in FY2026
Closure of Munro, Argentina facility; production consolidated to new Mar del Plata plant.
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Lamb Weston Q2 net sales $1.62B, EPS $0.44; dividend raised 3%, FY26 outlook reaffirmed
Q2 net sales $1,618M (+1% YoY); volume up 8% offset by 8% price/mix decline on competitive pricing.
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Lamb Weston Q1 revenue flat at $1.66B; adjusted EPS down 5% to $0.74; reaffirms FY2026 outlook
Net sales $1,659.3M, flat YoY; volume +6% offset by price/mix -7%.
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Lamb Weston Q4 sales up 4% to $1.68B; adj. EPS $0.87; launches Focus to Win plan targeting $250M savings
Q4 net sales $1,675.8M (+4% YoY), volume +8%, price/mix -4%; diluted EPS $0.85, adjusted EPS $0.87.
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Lamb Weston reaches cooperation agreement with JANA, Continental Grain; adds 6 directors, names new chairman
Six new directors: Bradley Alford (Chairman), Ruth Kimmelshue, Timothy McLevish, Scott Ostfeld, Lawrence Kurzius, Paul Maass.
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Lamb Weston Q3 net sales up 4% to $1.52B; reaffirms FY2025 outlook
Diluted EPS $1.03 (+$0.02 YoY); adjusted diluted EPS $1.10 (-8% YoY).
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Lamb Weston appoints COO Michael J. Smith as CEO; Werner steps down effective Jan 3, 2025
Smith, currently COO, becomes President & CEO and Board member on Jan 3, 2025; succeeds Thomas P. Werner.
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Lamb Weston Q2 net loss $0.25 EPS; cuts FY2025 guidance, increases buyback by $250M
Q2 net sales $1,600.9M (-8% YoY); net loss $36.1M, diluted EPS ($0.25) vs prior year net income $215.0M.
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Lamb Weston Q1 EPS $0.88 (-45%); announces restructuring; cuts FY25 adj. EPS outlook to $4.15-$4.35
Net sales $1,654M (-1%); net income $127M (-46%); diluted EPS $0.88 (-45%); adjusted EPS $0.73 (-55%).
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Lamb Weston Q4 net sales down 5%, adjusted EPS -40%; provides cautious FY2025 outlook
Q4 net sales $1,612M (-5% YoY); diluted EPS $0.89 (-74%); adjusted EPS $0.78 (-40%).
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Lamb Weston ups revolver to $1.5B, extends maturity to 2029; adds €200M European term loan
Revolver commitments increased from $1.0B to $1.5B; maturity extended from Aug 2026 to May 2029.
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ERP transition and potato write-off hit Lamb Weston's Q3; FY2024 outlook slashed
Q3 GAAP EPS $1.01 (-17% YoY); adjusted EPS $1.20 (-18%); net sales $1,458M (+16% but organic -12%).
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Lamb Weston Q2 EPS $1.48 (+108%); raises FY EPS view to $5.70-6.15; dividend +29%
Q2 net sales $1.73B (+36% YoY), including $376M from EMEA acquisition; organic sales +6%.
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Lamb Weston sets long-term targets, boosts buyback by $500M at Investor Day
Long-term targets: net sales growth low-to-mid single digits, EBITDA growth mid-to-high single digits, EPS growth high single digits.
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Lamb Weston Q1: sales +48% to $1.67B, adj EPS $1.63; raises FY2024 outlook
Net sales $1,665M (+48% YoY); GAAP diluted EPS flat at $1.60; adj diluted EPS $1.63 (+109%).
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Lamb Weston reports Q4 adj. EPS $1.22, up 91% YoY; FY2024 guidance $4.95-$5.40 EPS
Q4 net sales $1,695M (+47% YoY), GAAP EPS $3.40 vs $0.22; adjusted EPS $1.22 vs $0.64.
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Lamb Weston appoints Mike Smith as COO effective May 29, 2023
Michael J. Smith promoted to COO; will oversee Commercial, Supply Chain, Agriculture, Marketing & Innovation.
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Lamb Weston Q3 net sales +31% to $1.25B, adj. EPS $1.43; raises FY guidance
Q3 net sales $1,253.6M (+31% YoY); income from operations $266.3M (+99%); diluted EPS $1.21 (+66%).
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Lamb Weston completes acquisition of remaining 50% stake in European JV for €525M cash and 1.95M shares
Total consideration: €525M cash (subject to adjustments) plus 1,952,421 shares of LW common stock.
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Lamb Weston enters $450M term loan amendment; extends existing loan maturity to 2026
Established new $450M Term A-3 Loan maturing Jan 31, 2030; proceeds to fund Lamb-Weston/Meijer acquisition.
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Lamb Weston Q2: revenue $1,276.5M (+27%), adj EPS $1.28 (+172%); raises FY23 targets
Net sales $1,276.5M (+27% YoY); diluted EPS $0.71 (+223%); adjusted EPS $1.28 (+172%).
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Lamb Weston to acquire full ownership of European JV for €700M
€700M purchase: €525M cash + €175M in LW stock (valued at VWAP).
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Lamb Weston to acquire remaining 50% of European JV for €700M in cash and stock
Total consideration €700M: €525M cash + €175M in LW common stock.
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Lamb Weston Q1 net sales up 14% to $1.126B; EPS $1.60, adj $0.75; reaffirms FY23 outlook
Net sales +14% to $1.126B; income from operations +161% to $157M.
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Lamb Weston Q4 net sales up 14% to $1.15B; guides FY2023 sales $4.7-4.8B
Q4 adjusted diluted EPS $0.65, up 48% YoY; GAAP EPS $0.22 due to $62.7M Russia impairment charge.
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Lamb Weston Q3 EPS $0.73 +62% YoY; raises FY gross margin outlook to 19-20%
Net income $106.6M, up 61% YoY; diluted EPS $0.73 vs $0.45.
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Lamb Weston Q2 EPS down 67%; FY22 gross margin outlook cut to 18-20%
Net sales up 12% to $1.01B; net income down 66% to $32.5M; diluted EPS $0.22 vs $0.66.