Lamb Weston Stock Jumps 10% as Jana Partners Acquires Strategic Stake [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
LW jumped 10.2% on Friday, as sources revealed that Jana Partners acquired a 5% stake in the frozen potato product maker, and may drive the company to consider strategic alternatives. This came soon after Lamb Weston announced a restructuring plan and its first-quarter fiscal 2025 results earlier this month, wherein the top and bottom lines declined year over year. At the earnings release, management also curtailed its adjusted earnings per share (EPS) guidance for the fiscal, reflecting ongoing challenges in its core markets. Lamb Weston's Key Challenges At its first-quarter fiscal 2025 earnings call, management noted that restaurant traffic and frozen potato demand remain soft compared with supply. According to data from restaurant industry providers, Lamb Weston observed a slowdown in restaurant traffic during the first quarter. U.S. restaurant traffic, including the key quick-service restaurant (QSR) sector, declined by 2% year over year, with QSR chains specializing in hamb
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News
- Lawsuits target ‘potato cartel' enabled by price data aggregators [Yahoo! Finance]Yahoo! Finance
- Hot potato: Redner's lawsuit accuses companies of creating frozen french fry cartel [Yahoo! Finance]Yahoo! Finance
- Is Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) a Strong ETF Right Now? [Yahoo! Finance]Yahoo! Finance
- McCain, Lamb Weston among frozen-food firms facing price-fixing lawsuits [Yahoo! Finance]Yahoo! Finance
- I tried 4 brands of premade mashed potatoes from the store, and there are only 2 I'd actually serve [Business Insider]Business Insider
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