EarningsLamb Weston missed 4Q24 earnings estimates and expects a challenged FY25 backdrop due to continued softness in restaurant traffic, share pressure, supply/demand mismatch, and a 1Q impact from a voluntary product withdrawal.
Financial PerformanceGross profit was 23.6% below forecast, with adjusted gross margins of 22.5% below the 27.6% forecast.
Market PositionSales of $1.612bn were 6.2% below estimates, with organic volumes -8.0% y/y below the -5.0% estimate and price/mix of +3% below the +6% estimate, with half of the volume decline attributable to market share losses.