Lamb Weston Holdings, Inc. Q1 FY26 Results

Summary

Lamb Weston reported its Q1 Fiscal Year 2026 results, with net sales increasing slightly to $1,659.3 million. Volume growth was strong at 6%, driven by customer wins in North America and Asia. Adjusted EBITDA saw a modest increase of $2.8 million, reaching $302.2 million. The company reaffirmed its fiscal 2026 outlook, targeting net sales at constant currency between $6.35 billion and $6.55 billion. The Focus to Win strategic plan is expected to deliver at least $250 million of annualized run rate savings by the end of fiscal year 2028.

Key Highlights

1. 1

   Lamb Weston's net sales increased by $5.2 million to $1,659.3 million in Q1 2026.

2. 2

   Volume increased 6 percent, driven by customer wins and retention, particularly in North America and Asia.

3. 3

   Adjusted EBITDA increased $2.8 million from the prior year quarter to $302.2 million.

4. 4

   The company reaffirms its financial targets for fiscal 2026, with net sales at constant currency in the range of $6.35 billion to $6.55 billion.

5. 5

   Capital expenditures were $79.2 million during the first quarter of fiscal 2026, down $256.4 million from the prior year period.

6. 6

   The company returned $51.7 million to shareholders through cash dividends in Q1 2026.

7. 7

   Adjusted Gross Profit declined $14.2 million versus the prior year quarter to $338.9 million due primarily to unfavorable price/mix.