Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Lamb Weston (LW) reported its fiscal fourth quarter and full year 2024 results, revealing a significant miss in Q4 earnings per share (EPS) by 48 cents. The company also provided a challenging outlook for fiscal year 2025, citing a rapidly changing operating environment. Factors such as global restaurant traffic and frozen potato demand have softened due to ongoing menu price inflation, negatively impacting the sector. Following the earnings report, Lamb Weston's stock dropped by 17% within 20 minutes, and was down 16.9% pre-market.
$LW “We expect FY25 to be another challenging year. The operating environment has changed rapidly over the past twelve months as global restaurant traffic and frozen potato demand softened due to menu price inflation continuing to negatively affect global restaurant traffic." https://t.co/Jp6t84EdBE
$LW First luxury bags, and now French fries: LW (Lamb Weston)'s disastrous report/guide is the latest neg. data point for restaurants/fast-food https://t.co/gMp9w1jnCw
Lamb Weston Reports Fiscal Fourth Quarter and Full Year 2024 Results; Provides Fiscal Year 2025 Outlook https://t.co/osCRLwuGa6 https://t.co/n0sph0tF7z