LW - Lamb Weston Holdings Inc. (LW) Plummets After Revealing ERP Infrastructure Problems – Hagens Berman | Benzinga
SAN FRANCISCO, April 05, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Lamb Weston Holdings, Inc. (NYSE:LW) investors who suffered substantial losses to submit your losses now.
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Lamb Weston Holdings, Inc. (LW) Investigation:
The investigation concerns whether Lamb Weston adequately disclosed the business and financial impact of the company's transition to a new enterprise resource planning system in North America.
Specifically, on Apr. 4, 2024, Lamb Weston announced disappointing Q3 2024 financial results that widely missed consensus earnings and revenue estimates. Blaming the ERP transition for the miss and coincident with reducing FY 2024 guidance, the company said "[t]he ERP transition temporarily reduced the visibility of finished goods inventories located at distribution ...
LW) Plummets After Revealing ERP Infrastructure Problems – Hagens Berman>Full story available on Benzinga.com