https://www.rgrdlaw.com/cases-lamb-weston-holdings-inc-class-action-lawsuit-lw.html The Lamb Weston class action lawsuit further alleges that on April 4, 2024, Lamb Weston disclosed significant problems with its transition to the new ERP system, including that the system did not function properly, causing Lamb Weston to lose over $130 million in sales during its third quarter of fiscal 2024 and to reduce its sales guidance for the full fiscal year by $330 million, at the midpoint. On this news, the price of ...

On this news, Lamb Weston's stock price fell $19.59 per share, or 19.4%, to close at $81.53 per share on April 4, 2024. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerant ...

Do you, or did you, own shares of Lamb Weston Holdings, Inc. (NYSE: LW)? Did you lose money in your investment in Lamb Weston Holdings, Inc.? Bernstein Liebhard LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the common stock of Lamb Weston Holdings, Inc. ("Lamb Weston" or the "Company") (NYSE: LW) between July 25, 2023 and April 3, 2024, inclusive (the "Class Period"). The lawsuit was filed in the United States District Court for the Dist ...

Let's discuss this in detail. Image Source: Zacks Investment Research Throughout the first three quarters of the fiscal 2024, capital expenditures totaled $828.3 million, primarily due to expenses related to construction and equipment for the new China factory, which commenced operations in November. Costs associated with capacity expansion projects in Idaho, the Netherlands and Argentina were also incurred. For the fiscal 2024, the company anticipates capital expenditures to reach $950 million. The company ...

Group 1: Company Performance - Lamb Weston Holdings, Inc. is implementing pricing strategies to counter inflationary pressures and is expanding production capacity for long-term growth despite concerns over subdued restaurant traffic [1] - The company experienced a 4% increase in price/mix during the third quarter of fiscal 2024, attributed to ongoing pricing actions initiated in fiscal 2023, with anticipated net sales between $1.69 billion and $1.75 billion for the fourth quarter [2] - Lamb Weston has a robust balance sheet and strong cash generation, positioning it well to enhance production capacity and meet growing demand for snacks and fries [3] Group 2: Capital Expenditures - In the first three quarters of fiscal 2024, capital expenditures totaled $828.3 million, mainly for the new China factory and capacity expansion projects in Idaho, the Netherlands, and Argentina, with total anticipated capital expenditures for fiscal 2024 reaching $950 million [4] Group 3: Cost Challenges - The company has seen increased SG&A expenses, with a rise of $30.4 million to $164.4 million in the third quarter of fiscal 2024, primarily due to consolidation costs and ERP system transition expenses [6] - Despite a year-over-year increase in adjusted gross profit, Lamb Weston faces challenges from elevated costs per pound due to mid-single-digit inflation in key inputs like raw potatoes, labor, and energy [7] Group 4: Volume Concerns - Lamb Weston registered a 16% decline in quarterly volumes in the fiscal third quarter, attributed to unfilled customer orders during the ERP system transition and subdued restaurant traffic patterns [8] - The decline in volumes is also linked to the company's strategic decision to discontinue certain lower-priced and lower-margin business lines [8] Group 5: Stock Performance - The stock of Lamb Weston has declined by 15% over the past three months, contrasting with the industry's growth of 1.9% [9]

Let's delve deeper. Pricing Actions on Track Lamb Weston has been capitalizing on a favorable pricing environment, a trend that persisted into the third quarter of fiscal 2024, evidenced by a 4% increase in price/mix. This uptick can be attributed to ongoing pricing actions driven by inflation, which were initiated in fiscal 2023. Additionally, pricing adjustments implemented throughout this year across its North America and International segments have contributed to the positive performance. The company's ...

junce Representing about 13% of this food company's revenue during the latest fiscal year ended May 2023, Lamb Weston Holdings, Inc. (NYSE:LW) is the global supplier of McDonald's (MCD) world-famous French fries. Acknowledged as a favorite food for all types of demographics in many nations, French fries have become a consumer staple on planet earth over the last couple of decades. LW grows many of its potatoes on company-owned farmland in the U.S. Pacific Northwest. So, an integrated business model hel ...

Lamb Weston (LW) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this frozen foods supplier have returned -22.1% over the past month versus the Zacks S&P 500 composite's -1.7% change. The Zacks Food - Miscellaneous industry, to which Lamb Weston belongs, has lost 3.9% over this period. Now the key question is: Where could the stock be headed in the near t ...

Lamb Weston Holdings, Inc. (LW) appears in a tight spot thanks to rising expenses. The provider of value-added frozen potato products is battling input cost inflation, which is putting pressure on its margins.  Subdued near-term restaurant traffic continues to hurt the company’s volumes. Unimpressively, Lamb Weston came out with soft results for the third quarter of fiscal 2024, following which it lowered its guidance for the fiscal.The Zacks Rank #5 (Strong Sell) company’s shares have slumped 26.4% in the ...

Close-up of a logo for Lamb Weston, frozen potato products company, printed on a Stealth Fries pack ... [+] in Lafayette, California, January 22, 2021. (Photo by Smith Collection/Gado/Getty Images)Gado via Getty ImagesLamb Weston, one of the world’s largest producers of frozen French fries, recently reported its Q3’24 results (fiscal ends in May), with revenue and earnings missing the street expectations. The company reported revenue of $1.46 billion and adjusted earnings of $1.20 per share, compared to the ...