Lamb Weston Holdings Inc

NYSE:LW   3:59:58 PM EDT
+1.58 (+2.22%)
4:00:00 PM EDT: $72.92 0.00 (0.00%)
Other Pre-Announcement

Lamb Weston Reports Q1 Earnings Per Share $0.61

Published: 10/07/2020 12:47 GMT
Lamb Weston Holdings Inc (LW) - Lamb Weston Reports Fiscal First Quarter 2021 Results; Provides Update for Second Quarter of Fiscal Year 2021.
Q1 Earnings per Share $0.61.
Q1 Sales $872 Million Versus Refinitiv Ibes Estimate of $869.2 Million.
Q1 Earnings per Share Estimate $0.30 -- Refinitiv Ibes Data (analyst estimates).
Sees Q2 2021 North America Shipments at About 90% of Prior-year Levels.
Sees Q2 2021 Europe, China and Australia Shipments Approaching Prior-year Levels.
Lamb Weston Holdings - Will Continue to Lower Its Cost Structure and Maximize Efficiencies in Its Manufacturing and Commercial Operations.
Sees Q2 2021 Shipments to Other Asian, Latin American Markets Lagging Demand Recovery.
Will Continue to Incur Additional Costs As Result of Covid-19 Pandemic.
Lamb Weston Holdings - Increased FY 2021 Estimate Cash Used for Capital Expenditures, Excluding Acquisitions, to About $180 Million From About $140 Million.