Lamb Weston Holdings Q3 Results Disappoint: What's Next for Investors
Thursday, 4 April 2024, 22:16
The source of Lamb Weston's disappointing quarter
Lamb Weston's net sales grew 16% year over year, but adjusted net income decreased by 18% due to issues with the ERP system. CEO Tom Werner cited visibility challenges in fulfilling customer orders.
What's next for Lamb Weston shareholders?
- Systems adjustments and processes modifications implemented to improve fulfillment rates
- Reduced full-year outlook for net sales and adjusted earnings per share
Investors should note that the company's underperformance is temporary and not reflective of broader market conditions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.