Lamb Weston (LW) Tops Q2 EPS by 11c, Offers FY20 Guidance

Lamb Weston (NYSE: LW) reported Q2 EPS of $0.95, $0.11 better than the analyst estimate of $0.84. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $964.88 million.

Updated FY 2020 Outlook:

• Net sales expected to increase at the high end of the Company’s estimate of mid-single digit growth
• Adjusted EBITDA including unconsolidated joint ventures(1) expected to be $965 million-$985 million, up from the previous estimate of $950 million-$970 million

For earnings history and earnings-related data on Lamb Weston (LW) click here.

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