Friday, January 3, 2020
Lamb Weston (LW) reported earnings on Fri 3 Jan 20 (b/o)
** charts after earnings **
Lamb Weston beats by $0.09, beats on revs; guides FY20 revs in-line
Reports Q2 (Nov) earnings of $0.95 per share, excluding non-recurring items, $0.09 better than the S&P Capital IQ Consensus of $0.86; revenues rose 11.8% year/year to $1.02 bln vs the $0.96 bln S&P Capital IQ Consensus.
Co issues guidance for FY20, sees FY20 revs of high end of up mid single digits (cons +7% yr/yr) vs. $4.02 bln S&P Capital IQ Consensus; sees adjusted EBITDA of $965-985 mln