Lamb Weston Boosts FY24 Earnings Outlook - Update

(RTTNews) - While reporting financial results for the second quarter on Thursday, Lamb Weston Holdings, Inc. (LW) raised its earnings and adjusted earnings guidance for the full-year 2024, while reaffirming annual net sales outlook.

For fiscal 2024, the company now projects earnings in a range of $5.70 to $6.15 per share and adjusted earnings in a range of $5.70 to $6.15 per share. Previously, the company expected earnings in the range of $5.47 to $5.92 per share and adjusted earnings in the range of $5.50 to $5.95 per share.

However, the company continues to projects net sales between $6.8 billion and $7.0 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $5.90 per share on net sales of $6.89 billion for the year. Analysts' estimates typically exclude special items.

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