Lamb Weston Holdings, Inc. (NYSE:LW) shares fell despite stronger-than-expected earnings and revenue as margin pressures weighed on sentiment.
Pricing headwinds and softer international demand overshadowed operational gains and a raised sales outlook.
• Lamb Weston Hldgs stock is taking a hit today. Why is LW stock dropping?
Quarterly Metrics
The company reported third-quarter adjusted earnings per share of 72 cents, beating the analyst consensus estimate of 61 cents. Quarterly sales of $1.565 billion outpaced the Street view of $1.492 billion.
Net sales at constant currency were essentially flat, as a 7% increase in volume was offset by a 7% decline in price/mix.
Volume growth was …