Lamb Weston Holdings, Inc. (NYSE:LW) posted first-quarter fiscal 2026 web gross sales of $1.66 billion, up barely from $1.65 billion a yr earlier and forward of the $1.62 billion estimate.
Adjusted web earnings was $103 million, with adjusted earnings per share of 74 cents, topping the 55-cent estimate. Adjusted EBITDA elevated to $302.2 million from $299.4 million.
“The Lamb Weston crew delivered a robust begin to the fiscal yr with stable quantity development and optimistic buyer momentum, underscoring the power of our price proposition and our working mannequin,” mentioned Mike Smith, Lamb Weston president and CEO.
Additionally Learn: JPMorgan Says Lamb Weston Might Prime Estimates, However Inventory Good points Restrict Upside
“We imagine our sharpened executional focus and strategic plans behind our Focus to Win technique are starting to ship and place us to drive long-term development and sustainable worth for our shareholders.”
Total quantity rose 6%, whereas value/combine declined 7% as a result of prior-year pricing investments, commerce help, and channel combine. Gross revenue fell to $342.4 million from $356.0 million, with adjusted gross revenue right down to $338.9 million from $353.1 million.
SG&A elevated to $153.6 million from $143.9 million, whereas adjusted SG&A fell to $132.4 million from $156.4 million, helped by value financial savings and $7.3 million in recoveries. Fairness methodology investments produced a $0.6 million loss versus $11.3 million in earnings final yr.
North America gross sales declined 2% to $1.08 billion, as 5% quantity development was offset by a 7% value/combine drop. Section adjusted EBITDA slipped to $260.0 million from $278.0 million. Worldwide gross sales rose 4% to $574.7 million, together with a $24.5 million foreign money profit, whereas constant-currency gross sales had been flat.
View extra earnings on LW
Quantity climbed 6%, however value/combine fell 6%. Worldwide adjusted EBITDA improved to $57.2 million from $51.4 million, aided by greater volumes, decrease potato prices, and financial savings, partly offset by $3.5 million in Argentina start-up prices.
Working money move rose to $352.0 million from $330.2 million, pushed by decrease inventories. Capital spending dropped to $79.2 million from $335.6 million after main tasks wrapped up.
Money and equivalents had been $98.6 million, with $1.32 billion in accessible credit score facility liquidity. Capital returned to shareholders totaled $62.1 million, together with $51.7 million in dividends and $10.4 million in repurchases.
The board declared a quarterly dividend of 37 cents per share, payable Nov. 28, 2025.
The corporate reaffirmed its fiscal 2026 steering for constant-currency gross sales of $6.35 billion to $6.55 billion, in comparison with a $6.49 billion estimate, and adjusted EBITDA of $1.0 billion to $1.2 billion.