LW Earnings: Everything you need to know about Lamb Weston’s Q3 2024 report

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LW Earnings: Everything you need to know about Lamb Weston’s Q3 2024 report

Lamb Weston Holdings, Inc. (NYSE: LW), a leading supplier of frozen potato products to restaurants and retailers, reported lower adjusted earnings for the third quarter of 2024, despite a double-digit increase in net sales.

Third-quarter earnings, adjusted for special items, decreased to $1.20 per share from $1.47 per share a year earlier. Net income, including one-off items, was $146.1 million or $1.01 per share in Q3, down 17% from the prior-year quarter.

Meanwhile, net sales increased 16% annually to $1.46 billion during the three months. The top line included $357 million of incremental sales attributable to the LW EMEA Acquisition.

(this story will be updated shortly with infographic)

The post LW Earnings: Everything you need to know about Lamb Weston’s Q3 2024 report first appeared on AlphaStreet.

 

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