Activist investor Jana Partners grabs stake in Lamb Weston [Yahoo! Finance]
Lamb Weston Holdings, Inc. (LW)
Last lamb weston holdings, inc. earnings: 4/1 08:30 am
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Source: Yahoo! Finance
However, Jana Partners also criticised Lamb Weston for a “litany of self-inflicted missteps” that have resulted in “underperformance for shareholders”. The investor is working with agri-food investor Continental Grain. In the filing, Jana Partners said it plans to hold talks with the Lamb Weston board and management. It listed “core operating deficiencies” in areas including demand planning, potato procurement, pricing strategy and the management of overheads. Lamb Weston's share price jumped on news of Jana Partners' investment, closing on Friday at $78.22, up 10.15% on a day earlier. Just Food has approached Lamb Weston for comment. Earlier this month, Lamb Weston reported fiscal first-quarter financial results that included a 46% drop in group net income. Alongside the publication of those figures, the company slashed its profit targets in light of a restructuring plan that included the permanent closure of a US factory and job cuts Lamb Weston said its Connell facilit
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News
- Running on Ice: Drones cozy up to cold warehousing [Yahoo! Finance]Yahoo! Finance
- A ‘potato cartel' conspired to make your frozen fries 47% more expensive, lawsuits claim [Yahoo! Finance]Yahoo! Finance
- A ‘potato cartel' conspired to make your frozen fries 47% more expensive, lawsuits claim [Fortune]Fortune
- Idaho frozen french fry manufacturers sued for price fixing, forming potato ‘cartel' [Yahoo! Finance]Yahoo! Finance
- Lawsuits accuse ‘potato cartel' of price-gouging shoppers [Yahoo! Finance]Yahoo! Finance
LW
Earnings
- 10/1/24 - In-Line
LW
Sec Filings
- 11/12/24 - Form SC
- 11/5/24 - Form 4
- 10/31/24 - Form 144
- LW's page on the SEC website