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Aug 24
Lamb Weston Q1 2026 Earnings Report
Lamb Weston reported its Q1 2026 results and reaffirmed full-year guidance.
Key Takeaways
Lamb Weston posted flat revenue growth and a significant drop in net income, but maintained its fiscal year outlook while focusing on volume growth and cost-saving initiatives.
Net income dropped 50% YoY to $64.3 million.
Adjusted EPS was $0.74, down from $0.78 a year ago.
North America volume grew 5% but price/mix declined 7%.
Free cash flow remained strong at $272.8 million.
Lamb Weston
Lamb Weston
Lamb Weston Revenue by Segment
Lamb Weston Revenue by Geographic Location
Revenue by Segment
North America Revenue
CapyFin.comInternational Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
The company reaffirmed its fiscal 2026 guidance, maintaining expectations for adjusted EBITDA and net sales within its projected ranges.
Positive Outlook
- Full-year adjusted EBITDA guidance maintained at $1.00B–$1.20B.
- Expected net sales range reaffirmed: $6.35B to $6.55B.
- Cost savings program on track for $100M in FY26.
- Working capital improvements expected to add $60M.
- Volume growth seen across North America and Asia.
Challenges Ahead
- Price/mix pressure continues, especially in North America.
- Net income dropped significantly YoY.
- Adjusted EPS down 5% YoY.
- Equity method investment earnings turned negative.
- Higher effective tax rate impacted profitability.
Revenue & Expenses
Visualization of income flow from segment revenue to net income