Lamb Weston Holdings (NYSE:LW) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.46b (up 16% from 3Q 2023).
• Net income: US$146.1m (down 17% from 3Q 2023).
• Profit margin: 10.0% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$1.01 (down from US$1.22 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Lamb Weston Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 27%.

Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Food industry in the US.

Performance of the American Food industry.

The company's shares are down 23% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Lamb Weston Holdings (1 is concerning!) that you need to be mindful of.

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