LW INVESTOR ALERT: Kirby McInerney LLP Notifies Lamb Weston Holdings, Inc. Investors of Upcoming Lead Plaintiff Deadline in Class Action Lawsuit

Core Viewpoint - The lawsuit against Lamb Weston alleges that the company made significant misrepresentations regarding its new ERP system, which led to substantial financial losses and operational issues during the transition period [1][4]. Group 1: Financial Impact - Lamb Weston reported a loss of over $130 million in sales during the third quarter of fiscal 2024 due to problems with its ERP system transition [4]. - The ERP transition negatively impacted net sales by $135 million, net income by $72 million, and adjusted EBITDA by $95 million [4]. - The company reduced its sales guidance for fiscal 2024 by $330 million at the midpoint [4]. Group 2: Operational Issues - The ERP system rollout resulted in reduced visibility into finished goods inventory, affecting the company's ability to fulfill customer orders, leading to shipment delays and canceled orders [4]. - Customers affected by the ERP transition began turning to competitors, further impacting sales volumes in the fourth quarter of fiscal 2024 [4]. Group 3: Stock Market Reaction - Following the announcement of the financial results and ERP issues, Lamb Weston's share price fell by $19.59, approximately 19.46%, from $100.68 to $81.17 [4].