Lamb Weston Reports Q3 Beat, Provides Strong Guidance
<p><a href='https://financialmodelingprep.com/financial-summary/LW'>Lamb Weston (NYSE:LW)</a> reported its Q3 earnings results last week, with EPS coming in at $1.43, better than the Street estimate of $0.99. Revenue was $1.25 billion (up 31% year-over-year), compared to the Street estimate of $1.16 billion. Price/mix rose by 31%, driven by pricing actions taken across the company's core business segments to counter input and manufacturing cost inflation. </p>
<p>While overall volume remained flat due to the strategic management of customer and product mix to manage capacity constraints, strong shipment growth to North America’s large chain restaurant and retail channel customers helped to offset the impact of the company exiting certain lower-priced and lower-margin businesses.</p>
<p>For fiscal 2023, the company expects EPS to be in the range of $4.35-$4.50, compared to the Street estimate of $3.94, and revenue in the range of $5.25-5.35 billion, compared to the Street estimate of $5.154 billion.</p>

NYSE:LW