Lamb Weston Beats Earnings, Unveils Cost-Cutting Plan

Lamb Westons Q1 earnings surpass expectations, with adjusted earnings of $0.87 per share and revenue of $1.68 billion, driven by an 8% increase in sales volume. International volume saw a significant 16% jump. The company announced a new cost-cutting plan, Focus to Win, aiming for $250 million in annual savings by 2028. Despite strong Q1 results, Lamb Westons stock has dropped 32.7% year-to-date, currently trading at $44.47 per share.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.