Foodservice slow down, ERP disruptions negatively impact Lamb Weston
The company lowered its sales outlook for fiscal year 2024.
Source: foodbusinessnews.net
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The company lowered its sales outlook for fiscal year 2024.
Lamb Weston Holdings, Inc. misses on earnings expectations. Reported EPS is $1.2 EPS, expectations were $1.4. Lamb Weston Holdings, Inc.
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The main indexes turned negative in mid-afternoon trading as all eyes turned to tomorrow morning's key employment update.
Lamb Weston blamed a new ERP system for missing estimates this quarter.