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Lamb Weston Updates FY Adj EBITDA Outlook to $1.125B-$1.215B

Lamb Weston has updated its fiscal year adjusted EBITDA outlook to a range of $1.125 billion to $1.215 billion.

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12:29:40 PM UTC
SquawkNews
By Connor HartLamb Weston raised its outlook for the year after reporting higher-than-expected adjusted earnings and sales in its fiscal first quarter, driven by continued momentum in North America.The french-fry maker on Tuesday reported net income of $29.1 million, or 21 cents a share, for its qu…