Why Lamb Weston Holdings Stock Plunged Today
Lamb Weston(LW) The Motley Fool·2024-04-04 22:16Lamb 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 ...