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Tuesday, October 2, 2018

Lamb Weston (LW) reported earnings on Mon 2 Oct 2018 (b/o)

** charts before earnings **


** charts after earnings **


Lamb Weston beats by $0.05, beats on revs; reaffirms FY19 outlook 
  • Reports Q1 (Aug) earnings of $0.73 per share, excluding non-recurring items, $0.05 better thanthe S&P Capital IQ Consensus of $0.68; revenues rose 11.9% year/year to $914.9 mln vs the $879.68 mln S&P Capital IQ Consensus.
  • Adjusted EBITDA including unconsolidated joint ventures was $212.9 million, up 11 percent versus the prior year quarter, primarily due to growth in income from operations.
  • FY19 Guidance:
    • Net sales to grow mid-single digits, with price/mix higher in the first half of fiscal 2019 versus the second half of the year, reflecting the carryover impact of customer contract pricing structures that took effect beginning in the second half of fiscal 2018.
    • Adjusted EBITDA including unconsolidated joint ventures in the range of $860 million to $870 million.

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