Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Lamb Weston To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 investing in Lamb Weston stock or options between July 25, 2023 and April 3, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: w ...

NEW YORK, July 26, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Lamb Weston Holdings, Inc. ("Lamb Weston" or the "Company") (NYSE: LW). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4- POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whether Lamb Weston and cer ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Lamb Weston To Contact Him Directly To Discuss Their Options. According to the Complaint, Defendants made numerous material misrepresentations and omissions regarding the design and implementation of Lamb Weston's new ERP system. Specifically, throughout the Class Period, Defendants represented that, through the design of the Company's new ERP system, Lamb Weston had "strengt ...

The subsequent market rout pushed Lamb Weston's share price down a queasy 32% week-to-date as of early Friday morning, according to data compiled by S&P Global Market Intelligence. The bears pounce Among the downgraders was TD Cowen's Robert Moskow, who wrote in a research note, "The thesis we laid out last year regarding tight potato processing industry capacity utilization, strong pricing power, and LW enhancing its mix by walking away from unprofitable business did not play out." Speaking of expectations ...

SAN DIEGO, July 26, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers of shares of Lamb Weston Holdings, Inc. (NYSE:LW) common stock between July 25, 2023 and April 3, 2024, inclusive (the "Class Period"), have until August 12, 2024 to seek appointment as lead plaintiff of the Lamb Weston class action lawsuit. Captioned Cleveland Bakers and Teamsters Pension Fund v. Lamb Weston Holdings, Inc., No. 24-cv-00282 (D. Idaho), the Lamb Weston class action lawsuit charges Lamb Wes ...

Core Viewpoint - Lamb Weston Holdings, Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934 related to the implementation of a new ERP system, which reportedly caused significant financial losses for the company [1][2][7]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Cleveland Bakers and Teamsters Pension Fund v. Lamb Weston Holdings, Inc., and it allows purchasers of Lamb Weston shares from July 25, 2023, to April 3, 2024, to seek appointment as lead plaintiff by August 12, 2024 [1][4]. - The lawsuit alleges that Lamb Weston and its executives made false or misleading statements regarding the readiness and implementation of the new ERP system, which was not ready for deployment [7]. - On April 4, 2024, Lamb Weston disclosed that the ERP system had significant issues, resulting in a loss of over $130 million in sales during Q3 of fiscal 2024 and a reduction in sales guidance by $330 million for the full fiscal year [8]. Group 2: Financial Impact - The implementation problems with the ERP system led to a more than 19% drop in Lamb Weston’s stock price following the disclosure of these issues [8]. - The lawsuit claims that the defendants were aware of the potential negative impacts of the ERP system's implementation but proceeded regardless, which materially affected the company's business operations [7].

The Chart 1.) I am very disappointed with management, especially for having missed by so much and for two quarters in a row. At this point, it would be good to see them eat their own cooking, and the best way for this to happen is if I see multiple insiders buying Lamb Weston shares in a significant way. Let's not forget, this was a stock trading over $100 per share earlier this year, so if management is not interested in buying shares of the company they run, after it basically gets cut in half in a matter ...

Get Help About the Lawsuit On April 4, 2024, the Company disclosed that it had experienced significant problems with its transition to a new Enterprise Resource Planning ("ERP") software system, which caused the Company to lose $135 million in sales during the third quarter of fiscal 2024 and necessitated a $330 million reduction to its sales guidance for the full fiscal year. The case is Cleveland Bakers and Teamsters Pension Fund v. Lamb Weston Holdings, Inc., No. 24-cv-282. ClaimsFiler has a single missi ...

Start Time: 10:00 January 1, 0000 11:02 AM ET Lamb Weston Holdings, Inc. (NYSE:LW) Q4 2024 Earnings Conference Call July 24, 2024, 10:00 PM ET Company Participants Tom Werner - President and CEO Bernadette Madarieta - CFO Dexter Congbalay - VP, IR and Strategy Conference Call Participants Andrew Lazar - Barclays Ken Goldman - JPMorgan Peter Galbo - Bank of America Tom Palmer - Citi Adam Samuelson - Goldman Sachs Robert Moskow - TD Cowen Rob Dickerson - Jefferies Matt Smith - Stifel Max Gumport - BNP Paribas ...

Group 1 - Lamb Weston is experiencing a decline in profits as sales stagnate, with management attributing this to restaurant companies raising menu prices, which has deterred consumers [2][5] - For fiscal 2025, Lamb Weston anticipates a maximum of 5% top-line growth and a decrease in net profits, with a projected net income range of $630 million to $705 million, indicating uncertainty in profitability [2][6] - The company's net sales increased by 21% year-over-year in fiscal 2024, but 99% of this growth was due to acquisitions, highlighting weak consumer demand trends [5] Group 2 - Following the financial results for fiscal Q4 2024, Lamb Weston shares dropped significantly, with a decline of 26% on the reporting day [4] - The current market capitalization of Lamb Weston is approximately $8 billion, and in a worst-case scenario, the stock trades at less than 13 times its forward earnings, making it attractive to value investors [7] - Despite the current challenges, the long-term outlook for the frozen potato market remains stable, suggesting potential for a modest rebound in Lamb Weston stock [3]