$LW Sellers Fried By Earnings Beat
After reporting earnings, one of the world’s largest producers and processors of frozen potato products fried up sellers. 🍟
Lamb Weston’s first-quarter profits doubled YoY and beat expectations easily, with adjusted earnings per share (EPS) of $1.63 vs. the $1.08 expected. Gross margins also improved from 24.2% to 30%. The company benefited from lower input and manufacturing cost inflation and improved operations. 🔺