Frozen potato products supplier Lamb Weston Holdings Inc (NYSE: LW) provided long-term financial targets, reiterated the FY24 outlook, and boosted share repurchase authorization.
LW expects net sales growth in the low-to-mid-single digits and adjusted EPS growth in the high single digits. The company assumes benefiting from higher volumes, positive net price realization, improved mix, supply chain productivity, and SG&A leverage.
The company continues to expect net sales of $6.8 billion-$7.0 billion (vs. street view of $6.87 billion), adjusted EBITDA of $1.54 ...