Lamb Weston's North American Volume Growth Drives 1Q Sales Beat

Dow Jones
10/06

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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