| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 1.6K | 3.3% | 2.9% |
| Total Income | 1.6K | 3.3% | 2.9% |
| Expenditure | 1.4K | 2.8% | 13.1% |
| PBT | 84.30 | 14.1% | 58.6% |
| Net Profit | 54.00 | 13.0% | 63.0% |
| OPM | 8.09% | 0.51pp | 8.27pp |
| NPM | 3.45% | 0.39pp | 6.15pp |
| EPS | 0.39 | 13.3% | 62.1% |
Lamb Weston Reports Q3 FY2026 Results; Updates FY26 Outlook
03 May 2026 · 3 May, 7:22 pm
Summary
Lamb Weston reported a 3% increase in net sales to $1,564.8 million for the third quarter of fiscal 2026. The North America segment saw a 5% increase in net sales, while the International segment experienced a 1% decline. Adjusted EBITDA decreased by $101.3 million to $271.7 million. The company updated its full year financial targets, increasing the midpoint of its net sales and EBITDA outlook and reducing expected capital expenditures for 2026.
Key Highlights
- 1
Lamb Weston's net sales increased by 3% to $1,564.8 million in the third quarter of fiscal 2026.
- 2
North America segment net sales increased 5% to $1,035.0 million compared to the prior year quarter.
- 3
Adjusted EBITDA declined $101.3 million from the prior year quarter to $271.7 million.
- 4
The company updated its fiscal year 2026 net sales guidance to $6.45 billion to $6.55 billion.
- 5
Capital expenditures for the first three quarters of fiscal 2026 were $256.6 million, down $306.5 million from the prior year period.
- 6
The Board of Directors declared a quarterly dividend of $0.38 per share.
- 7
Cash provided by operating activities increased $110.3 million to $595.6 million compared with the first three quarters of fiscal 2025.
Management Comments
Mike Smith
Driven by continued solid performance in our North America segment, we delivered another quarter in line with our expectations. Our team's disciplined execution of our Focus to Win strategy continues to strengthen Lamb Weston and position us to drive long-term shareholder value. We are taking proactive steps to better align supply and demand, and we are acting with urgency to navigate the competitive international environment. Our focus on operational rigor and cost discipline continues to drive strong productivity, and we now expect to exceed our cost reduction target of at least $250 million by fiscal year-end 2028.”1
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