LOS ANGELES, April 04, 2024 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Lamb Weston Holdings, Inc. (“Lamb Weston” or “the Company”) (NYSE: LW) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Lamb Weston is the subject of a report published by the Wall Street Journal on April 4, 2024. According to the Journal, “The company lowered its full-year forecast for sales to between $6.54 billion and $6.6 billion, and for adjusted earnings per share to a range of $5.50 and $5.65. Those numbers were down from prior guidance of sales between $6.8 billion and $7 billion and adjusted EPS to between $5.70 and $6.15. The report adds, “Chief Executive Tom Werner attributed the reduced guidance to soft near-term restaurant traffic trends and a transition to a new enterprise resource planning system in North America that has hurt its financial results more than expected.” Based on this news, shares of Lamb Weston fell by more than 17.7% in morning trading on the same day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
