Lamb Weston Holdings, Inc.

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Investigation Details

Lamb Weston announced on April 4, 2024, 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. Following this news, Lamb Weston stock dropped over 7%.