NEW YORK, NY / ACCESSWIRE / April 9, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Lamb Weston Holdings, Inc. ("Lamb Weston" or "the Company") (NYSE:LW). Investors who purchased Lamb Weston securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/LW.
Investigation Details:
On April 4, 2024, the Wall Street Journal published a report about Lamb Weston. According to the Journal, "The company lowered its full-year forecast for sales to between $6.54 billion and $6.6 billion, and for adjusted earnings per share to a range of $5.50 and $5.65." The new forecast was lower than their earlier predictions, with sales expected to be between $6.54 billion and $6.6 billion instead of $6.8 billion to $7 billion. Earnings per share are also expected to be lower, at $5.50 to $5.65 compared to the previously anticipated range of $5.70 to $6.15. The report adds, "Chief Executive Tom Werner attributed the reduced guidance to soft near-term restaurant traffic trends and a transition to a new enterprise resource planning system in North America that has hurt its financial results more than expected." As a result of this news, Lamb Weston's stock price dropped by more than 17.7% on that same day.
What's Next?
If you are aware of any facts relating to this investigation or purchased Lamb Weston securities, you can assist this investigation by visiting the firm's site: bgandg.com/LW. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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CONTACT:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | [email protected]
SOURCE: Bronstein, Gewirtz and Grossman, LLC