Lamb Weston up after lifting annual forecasts

Lamb Weston Holdings

06/10/2026 13:45

** Shares of frozen fries supplier Lamb Weston LW.N up 4% at $46.39 in premarket trading
** Co raises annual forecasts, helped by resilient demand for its products, particularly in North America
** Expects annual revenue to grow low-single digits, vs previous expectations of flat to 1%
** Sees fiscal 2027 adjusted EPS to range $3.05 to $3.35, compared to previous expectations of $2.95 to $3.25
** Q1 North America sales, which contribute the majority of revenue, rose 5%
** Reports Q1 sales of $1.67 billion vs estimates of $1.65 billion - data compiled by LSEG
** Logs quarterly adjusted EPS of 75 cents vs estimates of 59 cents, helped by cost-saving efforts 
** “We continue to experience unexpected inflationary pressure across key input costs and freight expense. Our teams are addressing cost inflation by working with suppliers and hedging where possible," CEO  Mike Smith says
** As of last close, stock up 6.4% YTD

(Reporting by Sanskriti Shekhar in Bengaluru )
((Sanskriti.Shekhar@thomsonreuters.com))