Lamb Weston to shut down US plant, cut jobs under restructuring exercise
Lamb Weston Holdings has slashed its profit targets in light of a restructuring plan that includes the permanent closure of a US factory and job cuts. The frozen potato products supplier said in its first-quarter results announcement that the Connell facility in Washington will be shut down with immediate effect.
Lamb Weston cuts jobs, shuts plant, and trims forecast as part of restructuring efforts; shares fall
Potato foods company Lamb Weston (NYSE:LW) is cutting 4% jobs globally, shuttering an older plant in Connell, Washington, and will temporarily curtail certain production lines in North America in a restructuring move to reduce operating expenses,
Lamb Weston Closing Connell Plant
Lamb Weston is permanently closing its Connell potato processing plant impacting a local workforce of about 375 people.Lamb Weston says production ended on Se
Lamb Weston Expects $200M to $250M in Charges From Restructuring Plan -- Market Talk
ET - Lamb Weston estimates it will record $200 million to $250 million in pre-tax charges in connection with a restructuring plan that includes cutting about 428 jobs and permanently close a processing facility,
Lamb Weston closes Connell plant, nearly 400 workers laid off
Worldwide potato, vegetable and appetizer supplier Lamb Weston announced on Tuesday that its potato processing plant in Connell is permanently closing, laying off 375 employees.
Lamb Weston: Fiscal Q1 Earnings Snapshot
Lamb Weston expects full-year earnings in the range of $4.15 to $4.35 per share, with revenue in the range of $6.6 billion to $6.8 billion. This story was generated by Automated Insights ( http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LW at https://www.zacks.com/ap/LW
Lamb Weston Slashes Outlook, Plans Restructuring After 1Q Profit, Revenue Fall
Lamb Weston cut its full-year earnings outlook and plans to eliminate 428 jobs as part of a restructuring plan after it posted lower profit and revenue in its fiscal first quarter, dragged down by continued sluggish demand and restaurant traffic.
Lamb Weston Holdings Q1 Profit Declines; Updates FY 2025 Outlook; Plans To Reduce 4% Headcount
On adjusted basis, profit totaled $104.7 million or $0.73 a share compared to $239.5 million or $1.63 a share in prior year. On average, analysts surveyed by Thomson Reuters estimated earnings of $0.72 per share for the same period.
Lamb Weston Holdings' Q1 2025 Earnings: What to Expect
Eagle, Idaho-based Lamb Weston Holdings, Inc. (LW) engages in the production, distribution, and marketing of frozen potato products. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand,
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