LW

Lamb Weston Holdings, Inc. (LW) Plummets After Revealing ERP Infrastructure Problems – Hagens Berman

Retrieved on: 
Friday, April 5, 2024
ERP, Hagens Berman, News, Person, LW

The investigation concerns whether Lamb Weston adequately disclosed the business and financial impact of the company’s transition to a new enterprise resource planning system in North America.

Key Points: 
  • The investigation concerns whether Lamb Weston adequately disclosed the business and financial impact of the company’s transition to a new enterprise resource planning system in North America.
  • 4, 2024, Lamb Weston announced disappointing Q3 2024 financial results that widely missed consensus earnings and revenue estimates.
  • On this news, the price of Lamb Weston shares tanked $19.59, or down over 19% in a single trading day.
  • “We’re investigating whether Lamb Weston may have soft peddled the magnitude of the ERP transition's effect on the company’s financial performance and outlook,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Lamb Weston Holdings, Inc. and Encourages Investors with Losses to Contact the Firm

Retrieved on: 
Thursday, April 4, 2024
The Wall Street Journal, EPS, Ethics, Journal, News, Suite, LW, Security (finance)

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

Key Points: 
  • The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
  • Lamb Weston is the subject of a report published by the Wall Street Journal on April 4, 2024.
  • The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

Investigation into Lamb Weston Underway: Johnson Fistel, LLP Digs into Alleged Securities Law Violations - What Shareholders Need to Know

Retrieved on: 
Thursday, April 4, 2024
SAN, ERP, Investment, News, Lamb Weston, LLP, LW

SAN DIEGO, April 04, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of securities laws by Lamb Weston Holdings, Inc. (NYSE: LW) ("Lamb Weston" or "the Company").

Key Points: 
  • SAN DIEGO, April 04, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of securities laws by Lamb Weston Holdings, Inc. (NYSE: LW) ("Lamb Weston" or "the Company").
  • If you have purchased Lamb Weston securities and have experienced losses, we encourage you to join our investigation to potentially make claims and recover under federal securities laws.
  • What if I purchased Lamb Weston securities?
  • Following this news, Lamb Weston stock was 16% lower in early morning trading on April 4, 2024.

Lamb Weston Reports Fiscal Third Quarter 2024 Results; Updates Fiscal Year 2024 Outlook

Retrieved on: 
Thursday, April 4, 2024
Retail, Restaurant, Bar, Supermarket, Agriculture, Natural Resources, Food, Beverage, Growth, EPS, International, ERP, Capital expenditure, Internet, Dilution, EDT, Information, Transport, Capital, Public expenditure, Adjustment, Investment, Lamb Weston, LW, GAAP, Depreciation, ID, Share repurchase, Increment

Equity method investment earnings (loss) from unconsolidated joint ventures were earnings of $1.0 million and a loss of $23.3 million for the third quarter of fiscal 2024 and 2023, respectively.

Key Points: 
  • Equity method investment earnings (loss) from unconsolidated joint ventures were earnings of $1.0 million and a loss of $23.3 million for the third quarter of fiscal 2024 and 2023, respectively.
  • The results in the current quarter also include a $4.5 million charge(1) for the write-off of excess raw potatoes at Lamb Weston RDO.
  • In the third quarter of fiscal 2024, the Company returned $40.4 million to shareholders through cash dividends.
  • Lamb Weston will host a conference call to review its third quarter fiscal 2024 results at 10:00 a.m. EDT today, April 4, 2024.

Lamb Weston Holdings Announces Quarterly Dividend

Retrieved on: 
Wednesday, March 20, 2024
Retail, Discount, Variety, Convenience Store, Restaurant, Bar, Supermarket, Food, Beverage, Lamb Weston, LW

The Board of Directors of Lamb Weston Holdings, Inc. (NYSE: LW) today declared a quarterly dividend of $0.36 per share of Lamb Weston common stock. The dividend is payable on May 31, 2024 to stockholders of record as of the close of business on May 3, 2024.

Key Points: 

The Board of Directors of Lamb Weston Holdings, Inc. (NYSE: LW) today declared a quarterly dividend of $0.36 per share of Lamb Weston common stock. The dividend is payable on May 31, 2024 to stockholders of record as of the close of business on May 3, 2024.

Lamb Weston Announces Details of Fiscal Third Quarter 2024 Earnings Release and Conference Call

Retrieved on: 
Wednesday, February 28, 2024
Restaurant, Bar, Food, Beverage, Retail, Supermarket, Convenience Store, EDT, News, LW, Internet, ID

Lamb Weston Holdings, Inc. (NYSE: LW) will report its fiscal third quarter 2024 financial results on Thursday, April 4, 2024.

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Lynk & Co Wins Top Honors in the IDA's SUV Category

Retrieved on: 
Sunday, February 11, 2024
IDA, DNA, Nappa, International, SUV, Lynk, Lynk & Co 09, LW, Lynk & Co, Automotive industry, Cluster, Silver Award

Lynk & Co 09 emerged as the only award-winner in the Automotive & Transport-Cars: SUV category, offering significant recognition for the brand's exceptional design philosophy.

Key Points: 
  • Lynk & Co 09 emerged as the only award-winner in the Automotive & Transport-Cars: SUV category, offering significant recognition for the brand's exceptional design philosophy.
  • With its global DNA, Lynk & Co is a premium global brand that emphasizes meeting the changing demands of open urbanites.
  • Born with the brand vision of "changing mobility forever," Lynk & Co 09 brings users of this extraordinary SUV a rewarding experience.
  • Being the sole recipient in the Automotive & Transport-Cars: SUV category, Lynk & Co 09 exemplifies the qualities the award seeks in an outstanding SUV.

Lamb Weston Reports Fiscal Second Quarter 2024 Results; Updates Fiscal Year 2024 Outlook

Retrieved on: 
Thursday, January 4, 2024
Retail, Restaurant, Bar, Supermarket, Agriculture, Natural Resources, Food, Beverage, EST, Capital expenditure, Lamb Weston, Sale, International, Public expenditure, Depreciation, Increment, LW, Internet, Adjustment, ID, Share repurchase, Investment, Growth, Transport, Capital, GAAP, ERP, EPS

International net sales, excluding the incremental sales attributable to the LW EMEA Acquisition, declined 12 percent compared to the prior year quarter.

Key Points: 
  • International net sales, excluding the incremental sales attributable to the LW EMEA Acquisition, declined 12 percent compared to the prior year quarter.
  • Equity method investment earnings (loss) from unconsolidated joint ventures were earnings of $4.7 million and a loss of $107.3 million for the second quarter of fiscal 2024 and 2023, respectively.
  • The results in the current quarter also include a $6.3 million charge(1) for the write-off of excess raw potatoes at Lamb Weston RDO.
  • Lamb Weston will host a conference call to review its second quarter fiscal 2024 results at 10:00 a.m. EST today, January 4, 2024.

Lamb Weston Holdings Increases Quarterly Dividend

Retrieved on: 
Thursday, December 14, 2023
Organic Food, Retail, Restaurant, Bar, Other Retail, Supermarket, Specialty, Food, Beverage, NYSE, LW, Lamb Weston, Holding company

The Board of Directors of Lamb Weston Holdings, Inc. (NYSE: LW) today declared a quarterly dividend of $0.36 per share of Lamb Weston common stock, a 29% increase.

Key Points: 
  • The Board of Directors of Lamb Weston Holdings, Inc. (NYSE: LW) today declared a quarterly dividend of $0.36 per share of Lamb Weston common stock, a 29% increase.
  • “Lamb Weston has a strong track record of delivering returns for our shareholders, and this dividend increase is a demonstration of our continued commitment to our capital allocation strategy,” said President and Chief Executive Officer Tom Werner.
  • The dividend is payable on March 1, 2024 to stockholders of record as of the close of business on Feb. 2, 2024.

Lamb Weston Announces Details of Fiscal Second Quarter 2024 Earnings Release and Conference Call

Retrieved on: 
Monday, December 4, 2023
Restaurant, Bar, Food, Beverage, Retail, Supermarket, Convenience Store, EST, ID, LW, NYSE, Internet, News

Lamb Weston Holdings, Inc. (NYSE: LW) will report its fiscal second quarter 2024 financial results on Thursday, January 4, 2024.

Key Points: