Lamb Weston Holdings Inc. Common Stock (NYSE: LW)
On April 4, 2024, the Company disclosed that it had experienced significant problems with its transition to a new Enterprise Resource Planning (“ERP”) software system, which caused the Company to lose $135 million in sales during the third quarter of fiscal 2024 and necessitated a $330 million reduction to its sales guidance for the full fiscal year.
On this news, the price of Lamb Weston’s shares fell by $19.59 per share, or over 19%.