Quarterly ResultOct 6, 2026, 10:21 AM
Lamb Weston Q1 Net Income Falls to $29.1M; Sales Rise Slightly to $1.67B
AI Summary
Lamb Weston Holdings, Inc. reported its first quarter fiscal year 2026 results, with net sales increasing slightly to $1.67 billion from $1.66 billion in the prior year period. However, net income saw a significant decrease to $29.1 million, or $0.21 per diluted share, compared to $64.3 million, or $0.46 per diluted share, in the first quarter of fiscal year 2025. The company incurred lower restructuring expenses compared to the prior year. The North America segment showed growth in net sales, while the International segment experienced a decline.
Key Highlights
- Lamb Weston reported Q1 2026 net sales of $1.67B, a slight increase from $1.66B in Q1 2025.
- Net income for Q1 2026 was $29.1M, down from $64.3M in Q1 2025.
- Diluted EPS for Q1 2026 was $0.21, compared to $0.46 in Q1 2025.
- Cost Savings Program and Restructuring expenses were $14.1M in Q1 2026, down from $32.3M in Q1 2025.
- North America segment net sales were $1.14B in Q1 2026, up from $1.08B in Q1 2025.
- International segment net sales were $528.9M in Q1 2026, down from $574.7M in Q1 2025.
- The company paid $52.2M in dividends during the thirteen weeks ended August 30, 2026.
Price Impact
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