Thursday, October 5, 2023

Lamb Weston Updates FY24 Outlook; Stock Surges

Lamb Weston Holdings, Inc. (LW) said the company delivered solid sales and earnings growth in the first quarter, driven by the carryover benefit of pricing actions initiated last year as well as improved customer and product mix. Looking forward, the company raised financial targets for fiscal 2024 to reflect performance in the quarter, as well as the current solid demand and pricing environment.

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