Lamb Weston (NYSE:LW) Announces Earnings Results
North America volume rose 7% and the company lifted full-year guidance for net sales, adjusted EBITDA and adjusted EPS after a solid first quarter.
- On Tuesday, Lamb Weston Holdings Inc. reported fiscal first-quarter sales of $1.67 billion, raising its full-year financial outlook with projected adjusted EBITDA between $1.125 billion and $1.215 billion for fiscal 2027.
- North America segment sales increased 5% to $1.141 billion, driven by 7% volume growth with existing and new customers across the company's most strategic market.
- International sales declined 8% to $529 million as Chief Executive Mike Smith stated "EMEA continues to face challenging market conditions," citing higher manufacturing costs and prior-year potato crop expenses.
- To drive greater agility and simplify management structures, the company initiated an organizational redesign and consolidated China and Asia Pacific regions into one unified APAC region.
- Management plans to share its long-term roadmap at an Investor Day in early 2027, while the company anticipates completing outstanding contract renewals over the next 2 quarters.
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Lamb Weston Shares Rise 7.5% After Fiscal 2027 Outlook Upgrade - FINCHANNEL
The FINANCIAL — Lamb Weston shares rose 7.5% on October 6 after the frozen-potato supplier reported quarterly results above its projections and increased its full-year outlook. The Associated Press reported the gain as U.S. stocks reached new records. The NYSE-listed company, which trades under LW, said fiscal first-quarter sales increased 1% to $1.67 billion. Net […]
Lamb Weston (NYSE:LW) Announces Earnings Results
Lamb Weston (NYSE:LW - Get Free Report) posted its quarterly earnings data on Tuesday. The specialty retailer reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.16. Lamb Weston had a return on equity of 23.33% and a net margin of 4.39%.The business had revenue of $1.67 billion during the quarter, compared to analysts' expectations of $1.65 billion.
Lamb Weston: Fiscal Q1 Earnings Snapshot – WTOP News
EAGLE, Idaho (AP) — EAGLE, Idaho (AP) — Lamb Weston Holdings Inc. (LW) on Tuesday reported fiscal first-quarter profit of $29.1 million. The Eagle, Idaho-based company said it had profit of 21 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, were 75 cents per share. The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 59…
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