Lamb Weston records 2% increase in sales to $6.61 billion

• Lamb Weston’s fiscal 2026 net sales increased 2% to $6.612 billion, exceeding company guidance.
• Net income fell 19% to $290 million, while adjusted diluted EPS declined 16% to $3.01.
• The company forecasts fiscal 2027 adjusted EBITDA of $1.1–$1.2 billion.

Lamb Weston (NYSE:LW) reported fiscal 2026 net sales of $6.612 billion, up 2% and above its $6.550 billion guidance.

Fourth-quarter sales rose 6% to $1.770 billion, while quarterly net income declined 9% to $109.6 million.

The company forecasts fiscal 2027 sales of $6.5 billion, adjusted EBITDA of $1.1–$1.2 billion and adjusted EPS of $2.95–$3.25.

Lamb Weston expects cost savings to support margins.

Fiscal 2026 sales volumes rose 7%, while lower pricing and product mix reduced revenue growth by 6 percentage points.

Meanwhile, Lamb Weston exceeded its $100 million savings target and returned $320.7 million to shareholders through dividends and repurchases.