date:Mar 24, 2014
operating profit was $163 million, 12% below year-ago amounts as reported. After adjusting for $17 million of net expense in the current quarter and $10 million of net expense in year-ago amounts from items impacting comparability, comparable current-quarter operating profit of $180 million declined 8% versus $196 million a year ago.
Lamb Weston potato products' profits were below year-ago amounts, as expected, given that a major foodservice customer did not renew a sizeable amount of potato b