Lamb Weston Holdings, Inc. (NYSE:LW) Q2 2024 Earnings Conference Call January 4, 2024 10:00 AM ET
Company Participants
Dexter Congbalay - Investor Relations
Tom Werner - President and Chief Executive Officer
Bernadette Madarieta - Chief Financial Officer
Conference Call Participants
Matt Smith - Stifel
Adam Samuelson - Goldman Sachs
Robert Moskow - TD Cowen
Rob Dickerson - Jefferies
Peter Galbo - Bank of America
Andrew Lazar - Barclays
Marc Torrente - Wells Fargo Securities
Operator
Good day, and welcome to the Lamb Weston Second Quarter Earnings Call. Today's conference is being recorded.
At this time, I'd like to turn the conference over to Mr. Dexter Congbalay. Please go ahead, sir.
Dexter Congbalay
Good morning, and thank you for joining us for Lamb Weston's second quarter 2024 earnings call.
This morning, we issued our earnings press release, which is available on our website, lambweston.com.
Please note that during our remarks, we'll make some forward-looking statements about the company's expected performance that are based on how we see things today. Actual results may differ materially due to risks and uncertainties. Please refer to the cautionary statements and risk factors contained in our SEC filings for more details on our forward-looking statements.
Some of today's remarks include non-GAAP financial measures. These non-GAAP financial measures should not be considered a replacement for and should be read together with our GAAP results. You can find the GAAP to non-GAAP reconciliations in our earnings release.
With me today are Tom Werner, our President and Chief Executive Officer; and Bernadette Madarieta, our Chief Financial Officer. Tom will provide an overview of the potato crop and the current operating environment. Bernadette will then provide details on our second quarter results as well as our updated fiscal 2024 outlook.
With that, let me now turn the call over to Tom.
Tom Werner
Thank you, Dexter. Happy New Year, and thank you for joining our call today.
The entire Lamb Weston team delivered another solid quarter, and I want to thank them for these results and continuing to execute the strategies that we outlined in our Investor Day presentation in October.
We strongly believe that our investments to expand capacity organically and through acquisitions, improve manufacturing and system capabilities, penetrate new channels and markets around the world, strengthen product, customer and channel mix, and develop our people have generated good near-term operating momentum and have us well positioned to capture our share of growth and profitability over the long term.