Lamb Weston's North American Volume Growth Drives 1Q Sales Beat
Dow Jones
Oct 06
Lamb Weston's North America segment posted its seventh consecutive quarter of volume growth in fiscal first quarter, with a 7% increase driving a 5% rise in segment net sales to $1.14 billion. The volume gains came from higher demand among existing customers and new customer wins, the company said. Segment Adjusted Ebitda jumped 11% to $287 million as cost savings initiatives and improved factory utilization offset price concessions and input cost inflation. The shift toward chain restaurant customers and private-label products continues to weigh on price/mix, which fell 2%
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