Frozen fries maker Lamb Weston beat Q1 sales estimates on North America volume growth, raises FY outlook

Lamb Weston Holdings

06/10/2026 13:13

Overview
Frozen potato products supplier's fiscal Q1 net sales rose 1%, beating analyst expectations
Adjusted EPS for fiscal Q1 was $0.75, beating analyst expectations
Company raised full-year outlook for net sales, adjusted EPS, and adjusted EBITDA

Outlook
Lamb Weston raises full-year net sales growth outlook to low single digits
Company increases fiscal 2027 adjusted EBITDA guidance to $1.125 bln-$1.215 bln
Fiscal 2027 adjusted diluted EPS outlook raised to $3.05-$3.35

Result Drivers
NORTH AMERICA VOLUME GROWTH - Co said higher demand from existing customers and new customer wins in North America drove a 7% increase in sales volume
COST SAVINGS INITIATIVES - Cost savings and capacity optimization in North America contributed to improved segment profitability, per CEO Mike Smith
INTERNATIONAL WEAKNESS - International segment saw lower sales volume and higher manufacturing costs, especially in EMEA, weighing on results

Company press release: ID:nBw94Wt7Ga

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$1.67 bln
$1.65 bln (9 Analysts)
Q1 Adjusted EPS
Beat
$0.75
$0.59 (9 Analysts)
Q1 EPS
 
$0.21
 
Q1 Adjusted Net Income
Beat
$103 mln
$82.98 mln (8 Analysts)
Q1 Net Income
 
$29 mln
 
Q1 Adjusted EBITDA
Beat
$286 mln
$261.89 mln (10 Analysts)

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)