Lamb Weston stock fried over Q2 miss, guidance cut, new CEO

Thu, Dec 19, 2024, 3:51 PM

Lamb Weston (LW) is out of the frying pan and into the deep frier as shares of the frozen food company tank by over 20% in Thursday's session. The french fry maker missed fiscal second quarter earnings estimates while it cut its full-year 2025 guidance and replaced CEO Thomas Werner with its COO Michael Smith.

Market Domination's Julie Hyman and Josh Lipton report on the latest developments surrounding Lamb Weston.

Post Holdings (POST) was recently exploring a potential deal with Lamb Weston, before ultimately acquiring Potato Products of Idaho.

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This post was written by Luke Carberry Mogan.