Lamb Weston's European Cost Headwinds Weigh on International Segment
Dow Jones
Oct 06
Lamb Weston's International segment saw Adjusted Ebitda drop 54% to $27 million in the fiscal first quarter, matching company expectations. The decline reflects higher manufacturing costs per pound driven by prior-year potato crop expenses carrying into the current period, factory underutilization, and inflation. EMEA continues to face challenging market conditions, the company said. Net sales fell 8% to $529 million on lower volume and weaker price/mix. Lamb Weston ended production at its Broekhuizenvorst facility and transitioned customer fulfillment within its network to address the capacity imbalance
This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.