Lamb Weston

Investigation into Lamb Weston Underway: Johnson Fistel, LLP Digs into Alleged Securities Law Violations - What Shareholders Need to Know

Retrieved on: 
Thursday, April 4, 2024
SAN, ERP, Investment, News, Lamb Weston, LLP, LW

SAN DIEGO, April 04, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of securities laws by Lamb Weston Holdings, Inc. (NYSE: LW) ("Lamb Weston" or "the Company").

Key Points: 
  • SAN DIEGO, April 04, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of securities laws by Lamb Weston Holdings, Inc. (NYSE: LW) ("Lamb Weston" or "the Company").
  • If you have purchased Lamb Weston securities and have experienced losses, we encourage you to join our investigation to potentially make claims and recover under federal securities laws.
  • What if I purchased Lamb Weston securities?
  • Following this news, Lamb Weston stock was 16% lower in early morning trading on April 4, 2024.

Lamb Weston Reports Fiscal Third Quarter 2024 Results; Updates Fiscal Year 2024 Outlook

Retrieved on: 
Thursday, April 4, 2024
Retail, Restaurant, Bar, Supermarket, Agriculture, Natural Resources, Food, Beverage, Growth, EPS, International, ERP, Capital expenditure, Internet, Dilution, EDT, Information, Transport, Capital, Public expenditure, Adjustment, Investment, Lamb Weston, LW, GAAP, Depreciation, ID, Share repurchase, Increment

Equity method investment earnings (loss) from unconsolidated joint ventures were earnings of $1.0 million and a loss of $23.3 million for the third quarter of fiscal 2024 and 2023, respectively.

Key Points: 
  • Equity method investment earnings (loss) from unconsolidated joint ventures were earnings of $1.0 million and a loss of $23.3 million for the third quarter of fiscal 2024 and 2023, respectively.
  • The results in the current quarter also include a $4.5 million charge(1) for the write-off of excess raw potatoes at Lamb Weston RDO.
  • In the third quarter of fiscal 2024, the Company returned $40.4 million to shareholders through cash dividends.
  • Lamb Weston will host a conference call to review its third quarter fiscal 2024 results at 10:00 a.m. EDT today, April 4, 2024.

Lamb Weston Holdings Announces Quarterly Dividend

Retrieved on: 
Wednesday, March 20, 2024
Retail, Discount, Variety, Convenience Store, Restaurant, Bar, Supermarket, Food, Beverage, Lamb Weston, LW

The Board of Directors of Lamb Weston Holdings, Inc. (NYSE: LW) today declared a quarterly dividend of $0.36 per share of Lamb Weston common stock. The dividend is payable on May 31, 2024 to stockholders of record as of the close of business on May 3, 2024.

Key Points: 

The Board of Directors of Lamb Weston Holdings, Inc. (NYSE: LW) today declared a quarterly dividend of $0.36 per share of Lamb Weston common stock. The dividend is payable on May 31, 2024 to stockholders of record as of the close of business on May 3, 2024.

Lamb Weston Reports Fiscal Second Quarter 2024 Results; Updates Fiscal Year 2024 Outlook

Retrieved on: 
Thursday, January 4, 2024
Retail, Restaurant, Bar, Supermarket, Agriculture, Natural Resources, Food, Beverage, EST, Capital expenditure, Lamb Weston, Sale, International, Public expenditure, Depreciation, Increment, LW, Internet, Adjustment, ID, Share repurchase, Investment, Growth, Transport, Capital, GAAP, ERP, EPS

International net sales, excluding the incremental sales attributable to the LW EMEA Acquisition, declined 12 percent compared to the prior year quarter.

Key Points: 
  • International net sales, excluding the incremental sales attributable to the LW EMEA Acquisition, declined 12 percent compared to the prior year quarter.
  • Equity method investment earnings (loss) from unconsolidated joint ventures were earnings of $4.7 million and a loss of $107.3 million for the second quarter of fiscal 2024 and 2023, respectively.
  • The results in the current quarter also include a $6.3 million charge(1) for the write-off of excess raw potatoes at Lamb Weston RDO.
  • Lamb Weston will host a conference call to review its second quarter fiscal 2024 results at 10:00 a.m. EST today, January 4, 2024.

Lamb Weston Holdings Increases Quarterly Dividend

Retrieved on: 
Thursday, December 14, 2023
Organic Food, Retail, Restaurant, Bar, Other Retail, Supermarket, Specialty, Food, Beverage, NYSE, LW, Lamb Weston, Holding company

The Board of Directors of Lamb Weston Holdings, Inc. (NYSE: LW) today declared a quarterly dividend of $0.36 per share of Lamb Weston common stock, a 29% increase.

Key Points: 
  • The Board of Directors of Lamb Weston Holdings, Inc. (NYSE: LW) today declared a quarterly dividend of $0.36 per share of Lamb Weston common stock, a 29% increase.
  • “Lamb Weston has a strong track record of delivering returns for our shareholders, and this dividend increase is a demonstration of our continued commitment to our capital allocation strategy,” said President and Chief Executive Officer Tom Werner.
  • The dividend is payable on March 1, 2024 to stockholders of record as of the close of business on Feb. 2, 2024.

French food tech UMIAMI secures $34.7 Million to Drive Plant-Based Chicken Innovation and US growth

Retrieved on: 
Thursday, October 19, 2023
Taste, SPI, Export, Food industry, Health, CPG, Food, PepsiCo, Climate, Meat, Growth, Love, Lamb Weston, Michelin, Renewable energy, Management, Restaurant, University

Chicago, Oct. 19, 2023 (GLOBE NEWSWIRE) -- UMIAMI, the pioneering French food tech company specializing in plant-based meat alternatives, has successfully raised $34.7 million, bringing their total funding to an impressive $107 million in just three years.

Key Points: 
  • Chicago, Oct. 19, 2023 (GLOBE NEWSWIRE) -- UMIAMI, the pioneering French food tech company specializing in plant-based meat alternatives, has successfully raised $34.7 million, bringing their total funding to an impressive $107 million in just three years.
  • The company has also received renewed support from its historical investors, such as Astanor Ventures, Redalpine, Newfund, Verso Capital, and French Tech Seed.
  • With a deep background in the US food industry, I recognize the incredible potential for UMIAMI to redefine taste, sustainability, and choice.
  • UMIAMI is here to transform how America eats, from quick service to fine dining and eventually kitchens across America.

C.H. Guenther Appoints Rod Hepponstall Chief Executive Officer

Retrieved on: 
Monday, October 23, 2023
Food, Beverage, Retail, CPG, Maple Leaf Foods, EBITDA, CHG, Conagra Brands, Grupo Bimbo, Growth, Partnership, Lead, High Liner Foods, Culture, Lamb Weston, PPC, Management

Guenther & Son LLC (“CHG”), a leading producer of branded and private-label food products, today announced the appointment of Rod Hepponstall, a growth-focused foodservice and CPG industry leader, as Chief Executive Officer, effective November 6, 2023.

Key Points: 
  • Guenther & Son LLC (“CHG”), a leading producer of branded and private-label food products, today announced the appointment of Rod Hepponstall, a growth-focused foodservice and CPG industry leader, as Chief Executive Officer, effective November 6, 2023.
  • “I am honored to join CHG and continue the company’s strong legacy of exceptional product quality and customer service,” said Mr. Hepponstall.
  • Earlier in his career, Mr. Hepponstall held senior foodservice and retail positions at Lamb Weston, Conagra Brands, Grupo Bimbo and Maple Leaf Foods.
  • “We welcome Rod to both CHG and PPC, and look forward to continuing our strong partnership with the entire CHG team.”
    C.H.

Lamb Weston Holdings Declares Quarterly Dividend

Retrieved on: 
Thursday, September 28, 2023
Retail, Restaurant, Bar, Supermarket, Agriculture, Natural Resources, Food, Beverage, Lamb Weston, NYSE, LW, Holding company

The Board of Directors of Lamb Weston Holdings, Inc. (NYSE: LW) today declared a quarterly dividend of $0.28 per share of Lamb Weston common stock. The dividend is payable on Dec. 1, 2023 to stockholders of record as of the close of business on Nov. 3, 2023.

Key Points: 

The Board of Directors of Lamb Weston Holdings, Inc. (NYSE: LW) today declared a quarterly dividend of $0.28 per share of Lamb Weston common stock. The dividend is payable on Dec. 1, 2023 to stockholders of record as of the close of business on Nov. 3, 2023.

The French Fries Market Is Set To Reach $18.5 Billion In 2027, Fueled By Escalating Demand For Ready-To-Eat Food - By The Business Research Company

Retrieved on: 
Wednesday, September 20, 2023
Associated Press v. Meltwater U.S. Holdings, Inc., Kraft Heinz, JR, Certified copy, Simplot, Onion, Intelligence, Food quality, McCain Foods, AI, Lamb Weston, Son, Fast food

LONDON, Sept. 20, 2023 /PRNewswire/ -- As per The Business Research Company's French Fries Global Market Report 2023, the global french fries market is experiencing a sizzling rise, with its size projected to surge from $13.37 billion in 2022 to $14.30 billion in 2023, marking a robust compound annual growth rate (CAGR) of 6.9%. This upward trend is expected to persist, propelling the market size to an impressive $18.54 billion in 2027, with a CAGR of 6.7%. A key catalyst for the french fries market growth is the surging demand for ready-to-eat products, which are redefining convenience in the culinary world.

Key Points: 
  • A key catalyst for the french fries market growth is the surging demand for ready-to-eat products, which are redefining convenience in the culinary world.
  • The global french fries market exhibits concentration, with a handful of dominant players steering the course.
  • The global french fries market is segmented into:
    Within the market segments, the frozen french fries segment stands out, poised to generate $4,376.2 million in global annual sales by 2027.
  • The fastest-growing regions in the french fries market are expected to be South America and the Middle East.

The French Fries Market Is Set To Reach $18.5 Billion In 2027, Fueled By Escalating Demand For Ready-To-Eat Food - By The Business Research Company

Retrieved on: 
Wednesday, September 20, 2023
Associated Press v. Meltwater U.S. Holdings, Inc., Kraft Heinz, JR, Certified copy, Simplot, Onion, Intelligence, Food quality, McCain Foods, AI, Lamb Weston, Son, Fast food

LONDON, Sept. 20, 2023 /PRNewswire/ -- As per The Business Research Company's French Fries Global Market Report 2023, the global french fries market is experiencing a sizzling rise, with its size projected to surge from $13.37 billion in 2022 to $14.30 billion in 2023, marking a robust compound annual growth rate (CAGR) of 6.9%. This upward trend is expected to persist, propelling the market size to an impressive $18.54 billion in 2027, with a CAGR of 6.7%. A key catalyst for the french fries market growth is the surging demand for ready-to-eat products, which are redefining convenience in the culinary world.

Key Points: 
  • A key catalyst for the french fries market growth is the surging demand for ready-to-eat products, which are redefining convenience in the culinary world.
  • The global french fries market exhibits concentration, with a handful of dominant players steering the course.
  • The global french fries market is segmented into:
    Within the market segments, the frozen french fries segment stands out, poised to generate $4,376.2 million in global annual sales by 2027.
  • The fastest-growing regions in the french fries market are expected to be South America and the Middle East.