NEWTOWN, Pa., June 20, 2024 (GLOBE NEWSWIRE) -- Edelson Lechtzin LLP, a leading class action law firm, is investigating securities fraud claims on behalf of investors of Lamb Weston Holdings, Inc. ("Lamb Weston") common stock (NYSE: LW) between July 25, 2023, and April 3, 2024, inclusive (the "Class Period"). The lead plaintiff is a court-appointed representative of a class of purchasers of securities in a class action under the federal securities fraud laws. The lead plaintiff's responsibilities include se ...

NEW YORK, June 20, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Lamb Weston Holdings, Inc. (NYSE: LW). Shareholders who purchased shares of LW during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/lamb-weston-holdings-loss-submission-form/?id=86293&from=4 CLASS PERIOD: July 25, ...

NEW ORLEANS, June 19, 2024 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until August 12, 2024 to file lead plaintiff applications in a securities class action lawsuit against Lamb Weston Holdings, Inc. (NYSE: LW), if they purchased the Company's shares between July 25, 2023 and April 3, 2024, inclusive (the "Class Period"). This action is pending in the United States District Court for the District of Idaho. About the Lawsuit On this news, the pri ...

Investors who purchased the Company's securities between July 25, 2023 and April 3, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before August 12, 2024. According to the Complaint, the Company made false and misleading statements to the market. Lamb Weston claimed its new ERP system had "strengthen[ed] [its] operational infrastructure," and that its implementation had only experienced the "usual bumps." In reality, the Company suffered serious problems with its ERP implementation ...

For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. According to the complaint, during the class period, defendants failed to disclose significant problems with the Company's Enterprise Resource Planning software system. On April 4, 2024, the Company revealed that the disastrous rollout of its new ERP system caused the Company to lose $135 million in sales during the third quarter of fiscal 2024, and necessitated a $330 million reduction in its sales gu ...

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]