Lamb Weston Holdings, Inc. (NYSE: LW), a number one provider of frozen potato merchandise to eating places and retailers, reported sturdy earnings and income development for the primary quarter of 2024.
First-quarter earnings, adjusted for particular gadgets, greater than doubled to $1.63 per share. Web earnings, together with one-off gadgets, was $234.8 million or $1.60 per share in Q1, in comparison with $231.9 million or $1.60 per share in the identical interval final yr.
The underside line benefitted from a 48% development in web gross sales to $1.67 billion. Gross sales within the North America phase superior 19% and Worldwide gross sales greater than doubled.