| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 1.6K | 2.5% | 1.1% |
| Total Income | 1.6K | 2.5% | 1.1% |
| Expenditure | 1.5K | 1.6% | 6.5% |
| PBT | 98.10 | 12.6% | 532.2% |
| Net Profit | 62.10 | 3.4% | 272.0% |
| OPM | 8.60% | 0.83pp | 7.45pp |
| NPM | 3.84% | 0.04pp | 6.09pp |
| EPS | 0.45 | 2.2% | 280.0% |
Lamb Weston Reports Q2 Fiscal 2026 Results; Reaffirms Fiscal Year 2026 Outlook
04 May 2026 · 4 May, 6:53 am
Summary
Lamb Weston Holdings, Inc. announced its results for the second quarter of fiscal 2026. Net sales increased 1% to $1,618.1 million. Volume increased 8 percent, driven by customer wins, share gains and retention. Net income increased to $62.1 million from a prior year quarter net loss of $36.1 million. The Company reaffirmed its financial targets for fiscal 2026, with net sales expected to be between $6.35 billion and $6.55 billion and Adjusted EBITDA between $1.00 billion and $1.20 billion.
Key Highlights
- 1
Net sales increased by 1% to $1,618.1 million in the second quarter of fiscal 2026.
- 2
Volume increased 8 percent, driven by customer wins, share gains and retention, particularly in North America and Asia.
- 3
Gross profit increased $46.5 million versus the prior year quarter to $324.3 million.
- 4
Net income increased to $62.1 million from a prior year quarter net loss of $36.1 million.
- 5
Diluted EPS increased to $0.44 versus a prior year quarter diluted loss per share of $0.25.
- 6
The Board of Directors authorized a 3% increase in the quarterly dividend.
- 7
The Company reaffirmed its financial targets for fiscal 2026, with net sales expected to be between $6.35 billion and $6.55 billion.
Management Comments
Mike Smith
“Our performance this quarter reflects the positive momentum we are building across the business,” said Mike Smith, Lamb Weston president and CEO. “We delivered robust volume growth and gained share in priority markets and key categories, demonstrating Lamb Weston’s commitment to deliver quality, innovation, and value. Our team is executing at a high level, and we remain on track to achieve our $100 million cost savings program target for fiscal 2026. In addition, the board approved a 3 percent increase to the quarterly dividend, which has increased each year since Lamb Weston went public.”
Informational and educational content only. Not investment advice.