The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Lamb Weston (LW) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Lamb Weston currently has an ave ...

LauriPatterson Introduction It's time to discuss a company I have never covered before, a company we are about to make a holding in various family accounts. That company is Lamb Weston Holdings (NYSE:LW), one of the world's largest producers of frozen potato products (like fries). In 2016, Lamb Weston became an independent company after food giant Conagra Brands spun off this business to become more streamlined. Since then, it has outperformed its former parent by a huge margin, returning 164% since t ...

It's a timeless question at fast-food counters: Do you want fries with that?Responders continue answering affirmatively at a higher-than-average rate, a top potato supplier indicated. It underscores the resilience of consumer spending, even as inflation pinches pocketbooks and pandemic savings dry up.A larger share of customers keep adding the iconic side to meal orders than in the past, according to frozen potato supplier Lamb Weston. Looking bigger picture, strength in the so-called fry attachment rate bo ...

Lamb Weston blamed a new ERP system for missing estimates this quarter.Shares of Lamb Weston Holdings (LW -19.37%) fell 19.4% on Thursday after the food processing company announced weaker-than-expected quarterly results.The source of Lamb Weston's disappointing quarterFor its fiscal third quarter ended Feb. 25, 2024, Lamb Weston's net sales grew 16% year over year to $1.458 billion, including $357 million of sales from its previous acquisition of its LW EMEA joint venture in Europe. On the bottom line, tha ...

Lamb Weston Holdings, Inc. (NYSE:LW) Q3 2024 Earnings Conference Call April 4, 2024 10:00 AM ET Company Participants Dexter Congbalay - Investor Relations Tom Werner - President & Chief Executive Officer Bernadette Madarieta - Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Peter Galbo - Bank of America Adam Samuelson - Goldman Sachs Tom Palmer - Citi Robert Moskow - TD Cowen Rob Dickerson - Jefferies Matt Smith - Stifel Marc Torrente - Wells Fargo Securities Max Gumport - BNP P ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________________________________ FORM 10-Q _________________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 25, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Co ...

Key TakeawaysLamb Weston blamed a software issue with negatively impacting third-quarter sales and led to the company to warn about full-year results, and shares plunged 20% in intraday trading Thursday.The potato processor said a slower-than-expected transition to a new enterprise resource planning (ERP) system affected its ability to fill customer orders.Lamb Weston believes the issue has been resolved, but fiscal 2024 profit and sales will be lower than originally estimated. Shares of Lamb Weston Holding ...

Lamb Weston Holdings, Inc. (LW) posted soft results for the third quarter of fiscal 2024, following which it lowered its guidance for the fiscal. Shares of the company declined more than 15% in the pre-market trading session on Apr 4.The implementation of a new enterprise resource planning (ERP) system in North America had a greater-than-anticipated adverse effect on third-quarter results. The ERP transition lowered the company’s visibility of finished goods inventories placed at distribution centers tempor ...

Lamb Weston (LW) came out with quarterly earnings of $1.20 per share, missing the Zacks Consensus Estimate of $1.40 per share. This compares to earnings of $1.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -14.29%. A quarter ago, it was expected that this frozen foods supplier would post earnings of $1.40 per share when it actually produced earnings of $1.45, delivering a surprise of 3.57%.Over the last four quarters, the ...

Exhibit 99.1 News Release For more information, please contact: Investors: Dexter Congbalay 224-306-1535 dexter.congbalay@lambweston.com Media: Shelby Stoolman 208-424-5461 shelby.stoolman@lambweston.com Lamb Weston Reports Fiscal Third Quarter 2024 Results; Updates Fiscal Year 2024 Outlook Third Quarter Fiscal 2024 Highlights Updated Fiscal 2024 Outlook EAGLE, ID (April 4, 2024) – Lamb Weston Holdings, Inc. (NYSE: LW) announced today its results for the third quarter of fiscal 2024 and updated its full yea ...