2024

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<p class="has-drop-cap">Lamb Weston Holdings Inc. (NYSE: LW) <a href="https://investors.lambweston.com/events-and-presentations" target="_blank" aria-label="reported (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">reported</a> a strong fiscal 2024 Q2 with a diluted EPS of $1.48, exceeding expectations. The company also reported a remarkable 36% increase in net sales to $1.732 billion, including a significant contribution from the LW EMEA Acquisition.</p>
<p>This impressive growth was further complemented by a 109% surge in net income, reaching $215 million, and a substantial 108% rise in <a href="https://tokenist.com/investing/fundamental-analysis-stocks/" rel="noopener noreferrer nofollow" class="deco-link">diluted EPS</a>. Weston’s performance reflects its effective strategies in market expansion and operational excellence.</p>
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<h3 id="lamb-weston-holdings-beats-expectations">Lamb Weston Holdings Beats Expectations</h3>
<p>Lamb Weston’s performance exceeded expectations compared to the anticipated EPS of $1.42 and revenue of $1.7 billion. The actual EPS of $1.48 surpassed the forecast, illustrating the company’s ability to generate value for its shareholders.</p>
<p>This overachievement is a testament to Lamb Weston’s strategic acumen in navigating market dynamics, managing costs, and capitalizing on growth opportunities, solidifying its market position and investor confidence.</p>
<h3 id="expects-gaap-net-income-between-830m-and-900m">Expects GAAP Net Income Between $830M and $900M</h3>
<p>Lamb Weston updated its fiscal 2024 outlook, reaffirming its net sales target of $6.8 to $7.0 billion and raising its GAAP net income target to between $830 million and $900 million. The company’s guidance reflects optimism in its operational strategies and market positioning.</p>
<p>Lamb Weston anticipates continued growth, driven by strong sales and earnings, positioning itself for sustainable, profitable growth over the long term. This forward-looking perspective underscores the company’s commitment to maximizing shareholder value.</p>
<p>Lamb Weston Holdings Inc. stock opened at $110.18, a 5% gain from its last close.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/lamb-weston-holdings-soars-past-q2-expectations-with-1-48-eps/">Lamb Weston Holdings Soars Past Q2 Expectations with $1.48 EPS</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Lamb Weston Holdings Soars Past Q2 Expectations with $1.48 EPS

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