Lamb Weston Holdings, Inc.: Quarterly report
Lamb Weston reported a slight increase in first quarter net sales while net income and operating margins declined due to higher manufacturing costs.
Mixed for the companyWhat the numbers say
Revenue rose 0.7% to $1.7B versus the same quarter last year (5.6% down on the previous quarter); operating margin narrowed from 9.4% to 4.9%; diluted EPS $0.21 versus $0.46; cash rose by $98.1M to $166.3M while debt was flat; diluted share count down 1.2% (buybacks).
What happened
- Net sales increased to $1,670.3 million, as 5% growth in North America offset an 8% decline in the International segment.
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