Stocks

Lamb Weston Holdings Just Got Turned Into Wool

Lamb Weston Holdings, Inc. produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels. It serves retail and foodservice customers; grocery, mass, club, and specialty retailers; and businesses, independent restaurants, regional chain restaurants, and convenience stores, as well as educational institutions.

I have never heard of Lamb Weston Holdings until yesterday. Yesterday they reported their fourth quarter earnings and the stock fell after they announced slower sales for the fiscal year of 2020.

“For fiscal 2020, we believe the overall operating environment will continue to be generally favorable,” Tom Werner, president and CEO said in a press release. “While we expect that increased spending to upgrade enterprise-wide information systems will temper earnings growth this year, we believe that these near-term investments to improve operating efficiencies, and our continued focus on executing on our strategies, will have us well-positioned to generate sustainable top- and bottom-line growth and create value for our shareholders over the long term.”

Source

Needless to say, the chart suggests price is going down to the weekly demand at $50.50.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

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