Volume Recovery and Price Mix in Focus as Lamb Weston Prepares for Q3 Earnings Release
Monday, 1 April 2024, 18:27
Overview
Lamb Weston Holdings, Inc. (NYSE: LW), a leading supplier of frozen potato and vegetable products, is all set to publish third-quarter 2024 financial results this week, after reporting double-digit earnings and revenue growth for the previous quarter.
Q3 Report Overview
- Analysts predict a profit of $1.45 per share for Q3,
- Consensus estimate for net sales is $1.65 billion,
- Recent sales and earnings growth attributed to pricing strategies and supply chain efficiency improvements.
Financial Outlook
Management targets sales between $6.8-$7.0 billion for fiscal 2024, expecting sustained volume growth while planning to exit lower-profit segments. Despite recent setbacks, Lamb Weston is optimistic about the future.
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