LAMB WESTON’s Non-GAAP EPS & Revenue Beat Analysts’ Estimates by $0.03 & $30M Respectively
January 5, 2024
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LAMB WESTON ($NYSE:LW), a leading frozen potato products provider, has recently reported Non-GAAP EPS of $1.45, beating expectations by $0.03, and revenue of $1.73B, exceeding analysts’ estimates by $30M. This strong financial performance is a testament to the company’s ability to create value for its shareholders. LAMB WESTON is a publicly traded company on the New York Stock Exchange (NYSE: LW). LAMB WESTON has been able to remain competitive due to its efficient production and distribution processes as well as its strong innovation focus.
With this latest news of Non-GAAP EPS and revenue exceeding analysts’ estimates, shares of LW have increased in the market. As the demand for their frozen potato products continues to grow, investors can expect future growth from LAMB WESTON.
Earnings
In the earning report of FY2024 Q2 as of November 30 2021, LAMB WESTON reported total revenue of 1006.6M USD and net income of 32.5M USD, beating analysts’ estimates by $30M and $0.03 respectively. Despite an impressive result, this was a 21.1% decrease in total revenue, and a 68.5% decrease in net income compared to the same period last year. However, LAMB WESTON’s total revenue has grown steadily in the last three years, rising from 1006.6M USD to 1732.1M USD.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lamb Weston. More…
| Total Revenues | Net Income | Net Margin |
| 6.35k | 1.12k | 17.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lamb Weston. More…
| Operations | Investing | Financing |
| 928.9 | -1.6k | 325.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lamb Weston. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.05k | 5.38k | 11.51 |
Key Ratios Snapshot
Some of the financial key ratios for Lamb Weston are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.3% | 32.2% | 17.1% |
| FCF Margin | ROE | ROA |
| 0.0% | 42.7% | 9.6% |
Market Price
LAMB WESTON, the frozen potato products company, had a successful earnings report on Thursday. The company reported non-GAAP earnings per share of $0.03 above analyst estimates and revenue of $30 million more than analysts had projected. The news sent LAMB WESTON’s stock up 0.3% from its previous closing price of 104.9, opening at $106.8 and closing at $105.3.
The company’s non-GAAP earnings per share and revenue beats demonstrate its ability to remain competitive in a volatile market. Investors have responded positively to the news, signaling future growth potential for the company. Live Quote…
Analysis
As a financial analyst, GoodWhale is delighted to provide a deep dive analysis on LAMB WESTON’s financials. According to the Star Chart, LAMB WESTON is one of the strongest companies in terms of dividend and growth. At the same time, their asset health and profitability are both ranked medium. When analyzing the health score of LAMB WESTON, GoodWhale found that it had a strong score of 8/10. This indicates that the company has sufficient cashflows and debt to pay off debt and fund future operations. Furthermore, GoodWhale classified them as a ‘gorilla’ company, meaning that they have achieved stable and high revenue or earning growth due to their strong competitive advantage. Considering these factors, GoodWhale believes that investors who are looking for stable performance and growth may be interested in LAMB WESTON. The company has proven to be successful in terms of dividend yields, growth, and overall health. Therefore, investing in LAMB WESTON could be a great long-term strategy for those investors. More…
Peers
Its main competitors are Tyson Foods Inc, Pilgrims Pride Corp, and Beyond Meat Inc. All three companies are large, publicly traded companies with a significant presence in the US food industry.
– Tyson Foods Inc ($NYSE:TSN)
Tyson Foods is an American multinational corporation based in Springdale, Arkansas, that operates in the food industry. The company was founded in 1935 by John W. Tyson and is currently one of the world’s largest processors and marketers of chicken, beef, and pork. Tyson Foods also produces a wide variety of prepared foods, and is a major exporter of poultry products.
Tyson Foods has a market capitalization of $24.45 billion as of 2022. The company’s return on equity is 18.58 percent. Tyson Foods is one of the world’s largest processors and marketers of chicken, beef, and pork. The company also produces a wide variety of prepared foods.
– Pilgrims Pride Corp ($NASDAQ:PPC)
Pilgrims Pride Corporation is an American poultry company based in Greeley, Colorado. Founded in 1947, it is the second-largest poultry company in the United States and the largest in Mexico. The company has more than 40,000 employees and operates over 50 facilities in the United States and Mexico.
– Beyond Meat Inc ($NASDAQ:BYND)
As of 2022, Beyond Meat Inc has a market cap of 975.39M and a ROE of 5821.1%. The company produces and sells plant-based meat products. The products are made from pea protein, rice protein, and mung bean protein. Beyond Meat’s products are sold in grocery stores, restaurants, and online. The company has a strong presence in the United States and Canada. Beyond Meat is a publicly traded company on the Nasdaq Stock Exchange.
Summary
Lamb Weston is a global leader in the production and distribution of frozen potato, sweet potato, and other vegetable products. As such, the company has demonstrated strong financial performance, which bodes well for its long-term prospects and is likely to be seen favorably by investors.
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