Lamb Weston (LW) Q3 Earnings Lag Estimates, Guidance Lowered

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 ...