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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.
The company reaffirmed its fiscal 2026 guidance, maintaining expectations for adjusted EBITDA and net sales within its projected ranges.
Visualization of income flow from segment revenue to net income
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