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Pricing Actions Drive Lamb Weston (LW) Amid High Costs
LWLamb Weston(LW) ZACKS·2024-06-10 17:36

Let's discuss this in detail. Image Source: Zacks Investment Research Throughout the first three quarters of the fiscal 2024, capital expenditures totaled 828.3million,primarilyduetoexpensesrelatedtoconstructionandequipmentforthenewChinafactory,whichcommencedoperationsinNovember.CostsassociatedwithcapacityexpansionprojectsinIdaho,theNetherlandsandArgentinawerealsoincurred.Forthefiscal2024,thecompanyanticipatescapitalexpenditurestoreach828.3 million, primarily due to expenses related to construction and equipment for the new China factory, which commenced operations in November. Costs associated with capacity expansion projects in Idaho, the Netherlands and Argentina were also incurred. For the fiscal 2024, the company anticipates capital expenditures to reach 950 million. The company ...