Lamb Weston EPS misses by $0.18, misses on revenue

• Lamb Weston (NYSE:LW): FQ1 GAAP EPS of $0.20 misses by $0.18.
• Revenue of $984.2M (+12.9% Y/Y) misses by $15.8M.
• Shares +1% PM.
• Press Release
• The company continues to expect FY2022 net sales growth will be above its long-term target of low-to-mid single digits vs. consensus growth of 12.56%.