Lamb Weston Q1 adjusted EPS $0.75 vs. IBES estimate of $0.59
LW•Lamb Weston reported first-quarter adjusted EPS of $0.75, above the $0.59 IBES estimate, and sales of $1.67 billion, compared with the $1.654 billion estimate. The company forecast full-year adjusted EPS of $3.05 to $3.35.
1. Quarterly results and outlook
Lamb Weston reported first-quarter EPS of $0.21 and adjusted net income of $103 million, versus an IBES estimate of $83 million. Adjusted EBITDA was $286 million, above the $261.9 million estimate, while net income was $29 million; the company forecast full-year adjusted EPS of $3.05 to $3.35.
