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QUARTERLY FINANCIAL DATA (unaudited) (Tables)
12 Months Ended
May 28, 2017
QUARTERLY FINANCIAL DATA (unaudited)  
Schedule of Quarterly Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017 (a)

 

 

First

 

Second

 

Third

 

Fourth

 

    

Quarter

    

Quarter

    

Quarter

    

Quarter

Net sales

 

$

776.3

 

$

790.7

 

$

768.5

 

$

832.5

Gross profit

 

 

180.6

 

 

198.9

 

 

207.0

 

 

200.0

Income before income taxes and equity method earnings

 

 

123.5

 

 

118.7

 

 

118.9

 

 

95.9

Income tax expense

 

 

51.0

 

 

33.9

 

 

44.0

 

 

41.2

Net income attributable to Lamb Weston Holdings, Inc.

 

 

79.6

 

 

87.2

 

 

84.2

 

 

75.9

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

0.54

 

 

0.59

 

 

0.57

 

 

0.52

Diluted

 

 

0.54

 

 

0.59

 

 

0.57

 

 

0.51

Dividends declared

 

 

N/A

 

 

N/A

 

 

0.1875

 

 

0.1875

Stock price - high (b)

 

 

N/A

 

 

33.02

 

 

39.90

 

 

45.66

Stock price - low (b)

 

 

N/A

 

 

29.89

 

 

32.51

 

 

39.19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016 (a)

 

 

First

 

Second

 

Third

 

Fourth

 

    

Quarter

    

Quarter

    

Quarter

    

Quarter

Net sales

 

$

747.8

 

$

740.3

 

$

728.7

 

$

777.0

Gross profit

 

 

141.3

 

 

161.8

 

 

181.9

 

 

182.4

Income before income taxes and equity method earnings

 

 

83.3

 

 

108.0

 

 

125.8

 

 

50.3

Income tax expense

 

 

32.3

 

 

38.7

 

 

53.2

 

 

20.3

Net income attributable to Lamb Weston Holdings, Inc.

 

 

62.0

 

 

73.3

 

 

107.4

 

 

42.6

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

0.42

 

 

0.50

 

 

0.71

 

 

0.29

Diluted

 

 

0.42

 

 

0.50

 

 

0.71

 

 

0.29

Dividends declared

 

 

N/A

 

 

N/A

 

 

N/A

 

 

N/A

Stock price - high (b)

 

 

N/A

 

 

N/A

 

 

N/A

 

 

N/A

Stock price - low (b)

 

 

N/A

 

 

N/A

 

 

N/A

 

 

N/A


(a)

The sum of quarterly amounts may not agree to our annual results due to rounding.

 

(b)

Our common stock is listed on the NYSE under the ticker symbol “LW.” All stock prices are closing prices as reported by the NYSE.