Thursday, April 6, 2023

Lamb Weston Raises FY23 Financial Targets

Lamb Weston Holdings, Inc. (LW) updated its financial targets for fiscal 2023, which now include the consolidation of LW EMEA. Net sales is projected in a range of $5.25 billion to $5.35 billion, including $300 million to $325 million of sales attributable to the consolidation of LW EMEA's results in the fourth quarter. The company previously expected to deliver net sales of $4.8 billion to $4.9 billion, which did not include the expected contribution from LW EMEA. Net income is projected in a range of $639 million to $664 million and EPS of $4.42 to $4.57. The company previously expected to deliver net income of $580 million to $620 million and EPS range of $4.03 to $4.28.

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