Lamb Weston Earnings Reports

Lamb Weston delivered solid results in Q3 2025 with revenue rising 4% and net income flat year-over-year. Operational efficiencies and volume growth offset pricing pressure and ongoing restaurant traffic softness.

Lamb Weston's Q2 2025 results were below expectations with net sales declining 8% to $1,601 million and a net loss of $36 million. Adjusted EPS declined 54% to $0.66. The company updated its full-year financial targets for fiscal 2025, reflecting a challenging operating environment and reduced financial targets.

Lamb Weston's first quarter fiscal 2025 results were generally in line with expectations, driven by improved volume performance, solid price/mix, and strict cost management. However, restaurant traffic and frozen potato demand remain soft, leading to restructuring actions to improve efficiency and profitability.

Lamb Weston's fourth quarter results were disappointing, with net sales declining by 5% and net income decreasing by 74%. The company faced challenges including market share losses, a slowdown in restaurant traffic, and a voluntary product withdrawal. Despite these headwinds, Lamb Weston is focused on executing its long-term strategies and improving customer service.

Lamb Weston's Q3 2024 results were negatively impacted by a new ERP system transition in North America, leading to reduced visibility of finished goods inventories and affecting customer order fulfillment. Net sales increased by 16% to $1,458.3 million, but excluding the LW EMEA Acquisition, net sales decreased by 12%. The company updated its fiscal year 2024 outlook, lowering net sales, net income, and Adjusted EBITDA targets.

Lamb Weston's Q2 2024 results showed a 36% increase in net sales to $1,732 million, driven by the LW EMEA Acquisition. Net income increased by 109% to $215 million and diluted EPS increased by 108% to $1.48. However, results included a $71 million pre-tax charge for the write-off of excess raw potatoes.

Lamb Weston reported a strong first quarter in fiscal 2024, with net sales increasing by 48% to $1,665.3 million and income from operations increasing by 106% to $323.3 million. The company raised its full year earnings targets for fiscal 2024.

Lamb Weston reported a strong fiscal fourth quarter with a 47% increase in net sales and a significant rise in net income, driven by pricing actions and the consolidation of LW EMEA. The company's performance was partially offset by higher costs and softening restaurant traffic.

Lamb Weston reported strong fiscal third quarter 2023 results, with net sales increasing by 31% to $1,254 million and diluted EPS increasing by 66% to $1.21. The company updated its fiscal 2023 outlook, including net sales of $5.25 billion to $5.35 billion and diluted EPS of $4.42 to $4.57.

Lamb Weston reported strong Q2 2023 results with a 27% increase in net sales, a 138% increase in income from operations, and a 217% increase in net income. The company also updated its fiscal year 2023 outlook, raising its sales, gross margin and earnings targets.

Lamb Weston reported a strong first quarter in fiscal year 2023, with net sales increasing by 14% to $1,126 million and net income increasing by 678% to $232 million. The company's performance was driven by effective pricing strategies across all business segments and cost-saving measures that offset inflation. Lamb Weston reaffirms its fiscal year 2023 outlook.

Lamb Weston reported a 14% increase in net sales to $1,153 million and a 38% increase in income from operations to $136 million compared to the fourth quarter of fiscal 2021. Net income decreased by 51% to $32 million, but adjusted net income increased by 45% to $95 million. Diluted EPS decreased by 50% to $0.22, while adjusted diluted EPS increased by 48% to $0.65.

Lamb Weston reported a 7% increase in net sales to $955 million and a 61% increase in net income to $107 million compared to the third quarter of fiscal 2021. The company's performance was driven by strong execution of pricing actions to manage inflation, manufacturing productivity, and cost mitigation efforts, despite the impact of the Omicron variant and ongoing supply chain constraints.

Lamb Weston's Q2 2022 results showed a 12% increase in net sales, driven by strong demand in North America's restaurant and foodservice channels and pricing actions. However, income from operations and net income decreased due to higher manufacturing and distribution costs, cost inflation, and supply chain disruptions.

Lamb Weston's Q1 2022 results showed a 13% increase in net sales to $984 million, driven by volume growth, but income from operations, net income, and diluted EPS declined significantly due to higher manufacturing and distribution costs, input cost inflation, and operational challenges.

Lamb Weston's Q4 2021 results showed a strong recovery with net sales increasing by 19% to $1,008 million and income from operations increasing by 220% to $99 million. Diluted EPS increased to $0.44 from a loss of $0.01. The company provided a positive outlook for fiscal year 2022, expecting net sales growth above its long-term target range.

Lamb Weston reported a decrease in net sales, income from operations, net income, and diluted EPS for the third quarter of fiscal year 2021 compared to the same period last year. The decline was attributed to the impact of COVID-19 on manufacturing and distribution operations, leading to lower sales and higher costs.

Lamb Weston reported a 12% decrease in net sales to $896 million and a 31% decrease in diluted EPS to $0.66 for the second quarter of fiscal year 2021. The decline was primarily due to decreased demand for frozen potato products outside the home following government-imposed restrictions on restaurants and other foodservice operations to slow the spread of the COVID-19 virus.

Lamb Weston reported a decrease in net sales and net income for the first quarter of fiscal year 2021, primarily due to the decline in demand for frozen potato products outside the home as a result of the COVID-19 pandemic. However, the company saw increased sales in its Retail segment.

Lamb Weston's Q4 2020 net sales decreased by 16% to $847 million, and net income resulted in a loss of $2 million, a decline of $112 million. Diluted EPS also declined to a loss of $0.01 from $0.75. These results were significantly impacted by costs related to the COVID-19 pandemic.

Lamb Weston's Q3 2020 net sales increased 1% to $937 million, but income from operations declined 16% to $163 million. The company withdrew its fiscal year 2020 outlook due to uncertainties from the COVID-19 pandemic.

Lamb Weston's fiscal second quarter 2020 results showed strong sales, volume, and earnings growth across each core business segment. Net sales increased by 12% to $1,019 million, income from operations increased by 11% to $194 million, and net income increased by 18% to $140 million. The company also updated its fiscal year 2020 outlook, expecting net sales to increase at the high end of its mid-single digit growth estimate and adjusted EBITDA to be $965 million-$985 million.