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Lamb Weston Holdings, Inc.

Company NameLamb Weston Holdings, Inc.
Stock SymbolLW

On April 4, 2024, Lamb Weston disclosed that it had experienced significant challenges in its transition to its highly-touted new Enterprise Resource Planning (”ERP”) software system, causing the Company to lose $135 million in sales during the third quarter of fiscal 2024. Additionally, the Company lowered its sales guidance for the remainder of the full fiscal year by $330 million.

On this news, Lamb Weston’s stock price fell $19.59, or 19.4%, to close at $81.53 per share on April 4, 2024, thereby injuring investors.

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