Press release
Investigation announced for Investors in Lamb Weston Holdings, Inc. (NYSE: LW) shares over possible Violations of Securities Laws
An investigation for investors in Lamb Weston Holdings, Inc. (NYSE: LW) shares over potential securities laws violations.
Investors who purchased shares of Lamb Weston Holdings, Inc. (NYSE: LW), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Lamb Weston Holdings, Inc. (NYSE: LW) concerning whether certain statements by Lamb Weston Holdings, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Eagle, ID based Lamb Weston Holdings, Inc. produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other.
Lamb Weston Holdings, Inc. reported that its Total Revenue rose from over $.09 billion for the 12 months period that ended on May 31, 2022 to over $5.35 billion for the 12 months period that ended on May 31, 2023, and that its Net Income over those respective time periods increased from $200.9 million to over $1 billion.
On April 4, 2024, Lamb Weston Holdings, Inc. announced its results for the third quarter of fiscal 2024. The Company missed analyst earnings projections; The Company reported that an implementation of a new ERP system brought about a temporary decrease in the visibility of finished goods inventories housed at their distribution centers. This significantly hampered capacity to fulfill customer orders in a timely and efficient manner. As a direct consequence of the disruption, the Company experienced a substantial decline in sales volume as well as margin performance.
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) declined from $111.88 per share in January 2024 to $77.41 per share on April 08, 2024.
Those who purchased shares of Lamb Weston Holdings, Inc. (NYSE: LW) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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