Lamb Weston: Sub-$40 Value Play With An EPS Rebound Expected

Lamb Weston Holdings, Inc. is navigating a turnaround, leveraging its North America strength while addressing international headwinds and cost pressures. Q3 showed mixed results: strong 12% North America volume growth offset by international weakness, leading to a 63% net income decline and 37% drop in adjusted EPS. Management is executing cost controls, consolidating production, and reducing capex, signaling a shift from growth spending to cash flow focus.