Lamb Weston Holdings Inc. Reports Significant Q4 2024 Earnings Decline

Wednesday, 24 July 2024, 12:40

Lamb Weston Holdings, Inc. (NYSE: LW) announced a concerning decline in its fourth quarter 2024 financial performance, with net sales dropping by 5% year-over-year to $1.61 billion. The company's net income saw a dramatic decrease of 74%, resulting in net earnings of $130 million or $0.89 per share. Additionally, adjusted EPS fell 40% to $0.78. Looking ahead, Lamb Weston anticipates net sales for fiscal year 2025 to range between $6.6 billion and $6.8 billion, signaling a cautious outlook for the upcoming period.
AlphaStreet
Lamb Weston Holdings Inc. Reports Significant Q4 2024 Earnings Decline

Lamb Weston Q4 2024 Earnings Overview

Lamb Weston Holdings, Inc. (NYSE: LW) reported its fourth quarter 2024 earnings results today.

Key Financial Metrics

  • Net sales declined 5% year-over-year to $1.61 billion.
  • Net income decreased 74% to $130 million.
  • Adjusted EPS fell 40% to $0.78.

Outlook for FY 2025

For fiscal year 2025, the company expects net sales between $6.6 billion and $6.8 billion.


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.


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