Overview

* Lamb Weston fiscal Q1 2026 sales rise slightly, beating analyst expectations, per LSEG data

* Adjusted EPS for fiscal Q1 2026 beats consensus despite decline in net income

* Co reaffirms fiscal 2026 outlook, maintaining financial targets

Outlook

* Company reaffirms fiscal 2026 net sales target of $6.35 bln to $6.55 bln

* Lamb Weston ( LW ) targets fiscal 2026 adjusted EBITDA of $1.00 bln to $1.20 bln

* Company plans $500 mln in capital expenditures for fiscal 2026

* Lamb Weston ( LW ) acknowledges tariffs but excludes future trade policy changes in guidance

Result Drivers

* VOLUME GROWTH - Driven by customer wins and retention in North America and Asia, per CEO Mike Smith

* PRICE/MIX DECLINE - Reflects carryover impact of fiscal 2025 price investments and unfavorable channel mix

* COST SAVINGS - Lower manufacturing costs per pound due to cost savings initiatives

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Sales Beat $1.66 $1.62

bln bln (8

Analysts

)

Q1 Beat $0.74 $0.55 (9

Adjusted Analysts

EPS )

Q1 EPS $0.46

Q1 Beat $103 mln $81.20

Adjusted mln (6

Net Analysts

Income )

Q1 Net $64.30

Income mln

Q1 Beat $302.20 $250.30

Adjusted mln mln (8

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the food processing peer group is "buy."

* Wall Street's median 12-month price target for Lamb Weston Holdings Inc ( LW ) is $63.50, about 12.3% above its September 29 closing price of $55.67

* The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)