Investing.com -- Lamb Weston Holdings beat Wall Street expectations for first-quarter profit on Tuesday helped by strong potato crop, sending its shares up 6% in premarket trading.
The U.S. fries and potato products maker reported adjusted earnings of 74 cents per share for the quarter ended Aug. 24, above analysts’ estimates of 55 cents.
Revenue rose to $1.66 billion from $1.65 billion a year earlier, edging past expectations of $1.62 billion.
The company maintained its fiscal 2026 guidance, including net sales of $6.35 billion to $6.55 billion and adjusted EBITDA of $1.0 billion to $1.2 billion. It expects to spend about $500 million on capital projects this year.
North America sales fell 2% due to weaker pricing, while international revenue grew 4%, helped by currency tailwinds and stronger demand in Asia. The company said savings efforts helped trim expenses.
Chief Executive Mike Smith said the quarter showed “solid volume growth and positive customer momentum,” adding that its “Focus to Win” cost-savings programme was gaining traction.
The board declared a dividend of 37 cents per share, payable Nov. 28.
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Lamb Weston shares up after Q1 beat
Published 1 month ago
Sep 30, 2025 at 1:19 PM
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