Lamb Weston Stock Sinks After Software Issue Affects Q3 Results, FY Outlook

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 ...