Lamb Weston Stock Sees Slight Recovery: It Reports Its Fiscal First-Quarter 2022 Results

The graph for the previous four days shows that the stock of Lamb Weston Holdings has been move stagnantly since October 1. However, today it is sharply dropped from $62.32 to $56.90 by losing 9%. By now, it swiftly rebounded to $60.49. By the way, this morning, the Company published its fiscal first quarter 2022 results. In 2021 net sales increased 13% to $984 million.

In addition, income from operations declined 56% to $60 million. Net income declined 67% to $30 million. The diluted EPS declined 67% to $0.20 from $0.61. Adjusted EBITDA including unconsolidated joint ventures(1) declined 39% to $123 million. Also, it returned $60 million of cash to stockholders, including $34 million in dividends and $26 million in share repurchases. The Company has about $144 million left following the current $250 million share buyback permit.