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Stock impact report

Lamb Weston Reports Unexpected Loss, Cuts Outlook, Replaces CEO [Yahoo! Finance]

Lamb Weston Holdings, Inc. (LW) 
Last lamb weston holdings, inc. earnings: 4/1 08:30 am Check Earnings Report
US:NYSE Investor Relations: lambweston.com/investors
Company Research Source: Yahoo! Finance
Lamb Weston appointed a new CEO Thursday as the maker of frozen fries swung to a surprise second-quarter loss and cut its fiscal 2025 guidance. The Idaho-based company reported a second-quarter loss of $36.1 million, or $0.25 per share, while analysts were expecting a profit of $88.0 million, or $0.61 per share. Lamb Weston shares fell almost 20% in premarket trading. Shares of Lamb Weston ( LW ) plunged nearly 20% in premarket trading Thursday after the maker of frozen fries swung to a surprise loss, cut its fiscal 2025 guidance, and appointed a new Chief Executive Officer (CEO) The Idaho-based company reported a second-quarter loss of $36.1 million, or $0.25 per share, while analysts polled by Visible Alpha were expecting a profit of $88.0 million, or $0.61 per share. Revenue of $1.60 billion also was shy of expectations. In a separate release, Lamb Weston announced that current Chief Operating Officer (COO) Michael J. Smith would take over the CEO role from Tom Werner, e Show less Read more
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