12:44 PM EDT, 07/23/2025 (MT Newswires) -- (Updates with latest share movement in the lede and cost savings program in the last four paragraphs.)

Lamb Weston ( LW ) shares were up 17% in recent Wednesday trading after the company reported Q4 earnings and provided a fiscal 2026 outlook.

The company reported fiscal Q4 adjusted earnings of $0.87 per diluted share, up from $0.78 a year earlier.

Analysts polled by FactSet expected $0.63.

Net sales for the fiscal quarter ended May 25 was $1.68 billion, up from $1.61 billion a year earlier.

Analysts surveyed by FactSet expected $1.59 billion.

For fiscal 2026, the company said it expects net sales of $6.35 billion to $6.55 billion.

Analysts surveyed by FactSet expect $6.41 billion.

Lamb Weston ( LW ) also said it launched a cost savings program that aims to deliver at least $250 million of annualized run-rate savings by the end of fiscal year 2028, with $200 million to be achieved by the end of fiscal 2027. The program includes a 4% reduction of its global workforce, which also eliminates certain unfilled roles, Lamb Weston ( LW ) said.

The company said it plans to book pre-tax charges of $70 million to $100 million in relation to the cost savings.

Lamb Weston ( LW ) also said it plans to generate $120 million of working capital improvements compared with current levels by the end of fiscal 2027.

Price: 57.53, Change: +8.36, Percent Change: +17.00