Lamb Weston (LW) reported earnings on Fri 3 Jan 20 (b/o)

** charts after earnings **

 

Lamb Weston beats by $0.09, beats on revs; guides FY20 revs in-line

Reports Q2 (Nov) earnings of $0.95 per share, excluding non-recurring items, $0.09 better than the S&P Capital IQ Consensus of $0.86; revenues rose 11.8% year/year to $1.02 bln vs the $0.96 bln S&P Capital IQ Consensus.

Co issues guidance for FY20, sees FY20 revs of high end of up mid single digits (cons +7% yr/yr) vs. $4.02 bln S&P Capital IQ Consensus; sees adjusted EBITDA of $965-985 mln

Reports this week : Dec 30 - Jan 3, 20 (wk 53 & 1)

Nio (NYSE:NIO) is finally confirmed to report earnings on December 30. Nio's management team will also host an earnings conference call at 7:00 AM Eastern time (8:00 PM Beijing/Hong Kong time) on that date. Nio cruises into its earnings date with shares up more than 40% over the last 90 days to $2.50, but still trading far below the post-IPO high of $10.64. "NIO's balance sheet implies serious liquidity risk," observes Sanford Bernstein analyst Robin Zhu ahead of the print. "The key will be whether they are able to announce major new financing," he adds. 

Also in the earnings confessional next week, Resources Connection (NASDAQ:RECN) on January 2, as well as both Lamb Weston (NYSE:LW) and Landec (NASDAQ:LNDC) on January 3.

Monday: November Advance International Trade in Goods (prior -$66.50 bln), November Advance Retail Inventories (prior 0.3%), November Advance Wholesale Inventories (prior 0.2%) at 8:30 ET; December Chicago PMI (prior 46.3) at 9:45 ET; and November Pending Home Sales (prior -1.7%) at 10:00 ET

Tuesday: October S&P Case-Shiller Home Price Index (prior 2.1%) and October FHFA Housing Price Index (prior 0.6%) at 9:00 ET; and December Consumer Confidence (prior 125.5) at 10:00 ET. Bond market to close at 14:00 ET

Wednesday: Bond and equity markets closed for New Year's Day

Thursday: Weekly Initial Claims (prior 222,000) and Continuing Claims (prior 1.719 mln) at 8:30 ET

Friday: November Construction Spending (prior -0.8%) and December ISM Manufacturing Index (prior 48.1) at 10:00 ET; weekly natural gas inventories (prior -161 bcf) at 10:30 ET; and weekly crude oil inventories (prior -5.5 mln) at 11:00 ET

Lamb Weston (LW) reported earnings on Tue 2 Apr 2019 (b/o)

** charts before earnings **

 

** charts after earnings **

 Lamb Weston beats by $0.12, beats on revs; raises FY19 outlook

• Reports Q3 (Feb) earnings of $0.95 per share, excluding non-recurring items, $0.12 better than the S&P Capital IQ Consensus of $0.83; revenues rose 7.3% yr/yr to $926.8 mln vs the $898.46 mln S&P Capital IQ Consensus.
• Outlook: Net sales expected to increase high single digits, up from a previous estimate of mid-to-high single digits (Capital IQ consensus +8%). Adjusted EBITDA including unconsolidated joint ventures expected to be $895 million-$905 million, up from a previous estimate of $870 million-$880 million.

Earnings this week : April 1 - 5, 19 (wk 14)

Notable earnings reports:

• Cal-Maine Foods (NASDAQ:CALM) on April 1; 
• GameStop (NYSE:GME) and Walgreen Boots Alliance (NASDAQ:WBA), Lamb Weston (LW) on April 2; 
• Signet Jewelers (NYSE:SIG) and Acuity Brands (NYSE:AYI) on April 3; 
• Constellation Brands (NYSE:STZ), Duluth Holdings (NASDAQ:DLTH) and RPM International (NYSE:RPM) on April 4; 
• Greenbrier (NYSE:GBX) on April 5.

Lamb Weston (LW) reported earnings on Mon 2 Oct 2018 (b/o)

** charts before earnings **

 

** charts after earnings **

 

Lamb Weston beats by $0.05, beats on revs; reaffirms FY19 outlook 

• Reports Q1 (Aug) earnings of $0.73 per share, excluding non-recurring items, $0.05 better thanthe S&P Capital IQ Consensus of $0.68; revenues rose 11.9% year/year to $914.9 mln vs the $879.68 mln S&P Capital IQ Consensus.
• Adjusted EBITDA including unconsolidated joint ventures was $212.9 million, up 11 percent versus the prior year quarter, primarily due to growth in income from operations.
• FY19 Guidance:
  • Net sales to grow mid-single digits, with price/mix higher in the first half of fiscal 2019 versus the second half of the year, reflecting the carryover impact of customer contract pricing structures that took effect beginning in the second half of fiscal 2018.
  • Adjusted EBITDA including unconsolidated joint ventures in the range of $860 million to $870 million.

Earnings this week : Oct 1 - 5, 2018 (wk 40)

Earnings confirmed to report next week

Monday (Oct 1) 

• Morning: CALM  HDB xSVA PEBK SKYS CBLI XBIO CREG
• Afternoon: SFIX EBF UEC ELLO GIG CCIH DARE

Tuesday (Oct 2)
Morning: LW PAYX PEP
Afternoon: LNDC

Wednesday (Oct 3)

• Morning: AYI LEN RPM
• Afternoon: PIR RECN SNX

Thursday (Oct 4)

• Morning: ISCA STZ
• Afternoon: COST  SGH

Friday (Oct 5)

• None

LW — is it a buy?

• March 26:  Is LW a buy?  (high options volume)

 

 

• 6 months later

Lamb Weston (LW) reported earnings Tue 10 Jan 2017 (b/o)

   

• Lamb Weston (LW) was spun-off by Conagra Foods (CAG) as an independent public company on November 10, 2016.
• Lamb Weston supplies frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers, with nearly $3 billion in annual sales.

** charts after earnings **

Lamb Weston beats by $0.07, beats on revs; guides FY17 EPS above consensus, raises sales outlook :

• Reports Q2 (Nov) earnings of $0.63 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus of $0.56; revenues rose 6.8% year/year to $790.7 mln vs the $772.1 mln two analyst estimate.
• Volume increased 4 percentage points as productivity programs and strong manufacturing plant performance stretched available capacity, allowing the Company to meet demand growth in both North America and international markets. Price/mix increased 3 percentage points due to pricing actions and favorable product and customer mix.
• Co issues upside guidance for FY17, sees EPS of $2.20-2.28, excluding non-recurring items, vs. $2.11 Capital IQ Consensus Estimate; sees net sales up mid-single digits vs. prior guidance for up low single digits. Co expects Adjusted EBITDA including unconsolidated joint ventures to grow at a mid-teens rate, up from a previous estimate of a high single digit increase, reflecting solid sales growth and savings from supply chain efficiencies, partially offset by lower contribution from equity method investment earnings. Potato costs are expected to remain essentially flat.