LOS ANGELES, CA / ACCESSWIRE / April 9, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Lamb Weston Holdings, Inc. ("Lamb Weston" or "the Company") (NYSE:LW) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Lamb Weston is the subject of a report published by the Wall Street Journal on April 4, 2024. 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. Those numbers were down from prior guidance of sales between $6.8 billion and $7 billion and adjusted EPS to between $5.70 and $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." Based on this news, shares of Lamb Weston fell by more than 17.7% in morning trading on the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
SOURCE: The Schall Law Firm