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LW - Lamb Weston Holdings Inc News Story

$79.73 -0.9  -1.1%

Last Trade - 19/04/21

Sector
Consumer Defensives
Size
Large Cap
Market Cap £8.34bn
Enterprise Value £9.79bn
Revenue £2.51bn
Position in Universe 864th / 6849

BRIEF-Lamb Weston Reports Fiscal Second Quarter 2021 Results Provides Update For Third Quarter Of Fiscal Year 2021

Thu 7th January, 2021 3:46pm
Jan 7 (Reuters) - Lamb Weston Holdings Inc  LW.N :
    * LAMB WESTON REPORTS FISCAL SECOND QUARTER 2021 RESULTS;
PROVIDES
UPDATE FOR THIRD QUARTER OF FISCAL YEAR 2021
    * Q2 EARNINGS PER SHARE $0.66
    * Q2 SALES $896 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$876.8
MILLION
    * Q2 EARNINGS PER SHARE ESTIMATE $0.62 -- REFINITIV IBES
DATA
    * QTRLY VOLUME DECLINED 14 PERCENT
    * NORTH AMERICA AND EUROPE SHIPMENTS WILL REMAIN SOFT DURING
REMAINDER OF QUARTER
    * EXPECT DEMAND WILL REMAIN SOFT IN THE COMING MONTHS,
ESPECIALLY
AT FULL-SERVICE RESTAURANTS
    * LAMB WESTON - BELIEVE RESTAURANT TRAFFIC MAY APPROACH
PRE-PANDEMIC LEVELS LATER THIS CALENDAR YEAR IF VACCINES AND
OTHER MEASURES ARE SUCCESSFUL
    * PLAN TO RESUME SHARE REPURCHASE PROGRAM IN JANUARY 2021
    * ANNOUNCED A 2% INCREASE IN QUARTERLY DIVIDEND

Source text for Eikon:  ID:nBw4pLcQja 
Further company coverage:  LW.N 

 ((Reuters.Briefs@thomsonreuters.com;))
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